U.S. billionaire Sheldon Adelson’s Macau casino operator on Wednesday launched its long-delayed fourth resort, a $4.4 billion complex. The resort will open in stages. The first phase has 340 gaming tables and 40 VIP rooms for high-rollers. Another 200 tables will be added later this year.
It’s the 35th casino to open in Macau, the only place in China where casino gambling is legal. Macau’s gambling revenues rose 27 percent in the first three months of 2012, after rocketing 42 percent last year to $33.5 billion, more than five times the amount earned by Las Vegas Strip casinos.
Cotai is an area of reclaimed swampland named for the two islands it connects, Coloane and Taipa. Across the street are two other Sands properties, the Venetian Macao and Plaza Macao.