THAILAND - Las Vegas Sands eyes Kingdom

The Nation Business, September 3, 2007

To Adelson, integrated resorts like the Cotai Strip, which includes 14 five-star hotel brands, casinos, convention and exhibition halls, arenas and other amenities under one roof,
are effective magnets to draw tourists. He also insisted that it would be a boon to the cities where the developments were located as they would create jobs. The Cotai Strip, which will be completed in the next 26-30 months with 20,000 hotel rooms, will hire 70,000 people. In the next five years, supported by the development, Macau will be like Las Vegas.

Despite the giant development project, Adelson believes that there are opportunities for future developments in other countries, including Thailand. However, all development projects must incorporate casinos, as this will generate ample revenue to subsidise other services. To Adelson, every country has a chance to bring in new tourists. He is in discussion with a country which welcomes 8-10 million tourists a year. He is confident that if an integrated resort is allowed in this country, arrivals will double.

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