Las Vegas Sands to build London-themed resort in Macau

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Press Association

US gaming giant Las Vegas Sands has unveiled plans for a London-themed resort in Macau.

The resort is actually part of plans to spend $1.1bn (£830m) on renovating the firm’s 5 properties in China’s gambling enclave.

Sands said in which the revamped resort might feature some “recognisable landmarks”.

The move comes as Macau’s gambling revenues begin to bounce back after a Beijing-led crackdown on corruption.

The Londoner will replace Sands Cotai Central, which currently features more than 6,000 hotel rooms, 4,000 sq ft of retail space in addition to a 1,700-seat cinema.

Robert Goldstein, Sands’ president in addition to chief operating officer, said the resort’s facade might resemble “something with all the iconic architectural look in addition to feel of Big Ben”.

“If you think about London, in which’s iconic in so many ways, the buses to the Beefeaters, in addition to there’s just so many opportunities there,” he added.

“Our team is actually having great fun playing with in which.”

Sands has invested more than $13bn into the region since 2002, when in which became the first US company to open a casino there.

Its latest announcement comes as Chinese authorities place increasing pressure on the region to diversify away via gambling, leading to a race by major firms to build resorts before casino licenses start to expire in 2020.

Macau is actually the only place in China where gambling is actually legal, although its reputation as a money laundering centre recently made in which the focus of prosecutions against several high-profile government in addition to casino officials.

although more gambling money is actually producing its way into the semi-autonomous region of southern China. Macau’s Gaming Inspection in addition to Co-ordination Bureau reported gambling revenues of 67bn patacas ($8.3bn) between July in addition to September in which year, up 22% via 2016.

In its latest quarterly results, the firm said in which during the same period, total net revenues for Sands China – its Chinese subsidiary – increased 12.2% to $1.93bn.

“Our strategy to again boost our investment in Macau is actually testimony to our unwavering belief from the secular growth trend in China,” said Sheldon Adelson, the founder, chairman in addition to chief executive of Sands.

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