Las Vegas Sands Corp. yesterday announced that the company’s majority-owned subsidiary, Sands China Ltd., has received approval from the Macau government to build a $2.7 billion Paris-themed resort at the gaming destination near China. The Parisian Macao will feature more than 3,000 hotel rooms and suites, more than 490,000 square feet of retail space, diverse food and beverage offerings, new meeting and convention facilities and a 50 percent scale replica of the Eiffel Tower.
It is slated to open by the end of next year on Macau’s Cotai Strip, where Las Vegas Sands opened its Cotai Central district in 2012. That project includes the world’s largest Sheraton and Holiday Inn hotels.
The completion of The Parisian Macao will bring Las Vegas Sands’ total investment in Macao to more than US $10 billion, with the vast majority of that investment spent building, among other things, expansive retail malls, convention and exhibition space, and thousands of hotel rooms.
