Marina Bay Sands in Singapore Tops Out Hotel Towers
Complex SkyPark Construction Commences in Next Phase
SINGAPORE, July 8 /PRNewswire-FirstCall/ -- Marina Bay Sands(TM), a subsidiary of Las Vegas Sands Corp. (NYSE: LVS), announced today that it has topped out the three 55-story hotel towers, a major milestone in a striking and iconic project to bring Singapore a premier integrated resort.
The company's senior executives celebrated the occasion with an event that attracted approximately 120 regional and local media as well as members of the Singapore government, the construction team, and other distinguished guests.
Las Vegas Sands Corp.'s Chairman, Mr. Sheldon G. Adelson, who came to Singapore for the event, said "Topping the hotel towers at Marina Bay Sands is a milestone in an exciting construction and engineering project. We're pleased to be another step closer to delivering on our promise to Singapore and we remain committed to creating the landmark, premier integrated resort in Southeast Asia."
The architects and construction managers employed industry-leading construction solutions on their way to the 55th story. The construction team had to use steel trusses to link the east and west legs of each tower about half way up and used innovative methods to seal the atriums in each of the three towers and in-between them. After the steel trusses were in place, the team was able to build one new hotel floor every four days, an unprecedented pace for skyscraper construction in Singapore.
Marina Bay Sands will be a unique destination in the region. It will be home to the Sands SkyPark(TM) and the Museum, that symbolizes the 'welcoming hand of Singapore', packaged together as part of a world-class integrated resort nestled in the heart of the city's Central Business District and the ever-expanding tourism and entertainment district at Marina Bay.
The Sands SkyPark is the next critical phase of construction. The contractor will hoist the 7,000-ton structure 200 meters to the top of the towers using technology usually used in building bridges. The process of lifting each of many individual sections can take a full day. When it is completed, the Sands SkyPark will be longer horizontally than the Eiffel Tower is tall and will be the largest cantilevered public observation deck in the world.
Work on the interior and exterior of the hotel towers is well underway and the roof is taking shape on the Sands Expo & Convention Centre and on the casino. Other areas are progressing well.
Mr. George Tanasijevich, General Manager and Vice President of Singapore Development, Marina Bay Sands Pte Ltd, said "Marina Bay Sands will be a magnificent destination, with world-class entertainment, convention facilities, dining, shopping, Las Vegas-style gaming, and a luxury hotel. It will transform the skyline and bolster Singapore's image as the city for business and leisure tourists to visit again and again".
"Over the next few months, we will unveil a range of luxury brand shops, celebrity chef restaurants and world-class entertainment for Marina Bay Sands. There will truly be something for everyone," Mr. Tanasijevich said.
When completed, Marina Bay Sands will feature large and flexible convention and exhibition facilities, approximately 2,600 luxury hotel rooms and suites, the breathtaking rooftop Sands SkyPark, a museum, Las Vegas-style gaming, the Paiza Club for premium players, theatres, entertainment, an outdoor event plaza, and unparalleled shopping and dining.
Forward-Looking Statements
This press release contains forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the company's control, which may cause material differences in actual results, performance or other expectations. These factors include, but are not limited to, general economic conditions, competition, new ventures, substantial leverage and debt service, government regulation, legalization of gaming, interest rates, future terrorist acts, insurance, gaming junket operators, risks relating to our Macao gaming concession, infrastructure in Macao and other factors detailed in the reports filed by Las Vegas Sands Corp. with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date thereof. Las Vegas Sands Corp. assumes no obligation to update such information.
ABOUT LAS VEGAS SANDS CORP.
Las Vegas Sands Corp. (NYSE: LVS) is the leading international developer of multi-use integrated resorts.
The Las Vegas, Nevada-based company owns and operates The Venetian Resort-Hotel-Casino, The Palazzo Resort-Hotel-Casino, and the Sands Expo and Convention Center in Las Vegas and the Sands Casino Resort Bethlehem(TM) in Eastern Pennsylvania. The company also owns and operates The Venetian Macao Resort-Hotel and the Sands Macao in the People's Republic of China (PRC) Special Administrative Region of Macao. In addition, LVS owns the Four Seasons Hotel Macao and is also developing the Marina Bay Sands(TM) integrated resort in Singapore.
LVS is also creating the Cotai Strip(R), a master-planned development of resort-casino properties in Macao. At completion, the Cotai Strip will feature approximately 21,000 rooms from world-renowned hotel brands such as St. Regis, Sheraton, Shangri-La, Traders, Hilton, Conrad, Fairmont, Raffles, Holiday Inn, and InterContinental.
Contacts:
Investment Community: Daniel Briggs (702) 414-1221
Media: Ron Reese (702) 414-3607
SOURCE Las Vegas Sands Corp.
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