Las Vegas Sands moves forward with Macau project November 20, 2010

Las Vegas Sands Corp. is accelerating activity in Macau, launching its initial public offering road show for investors and planning to resume construction on a stalled project there within months, reports said today.

The company, which owns the big Venetian Macao casino-hotel in Macau’s Cotai area, will resume construction on an even larger project there in January, people close to the company told the Wall Street Journal.

The development includes 13.3 million square feet of gambling space, conference halls and Shangri-La, Traders and Sheraton hotels, the Journal’s sources said.

Las Vegas Sands will hire 12,000 to 13,000 construction workers over the next 12 to 18 months to restart work on the project, which currently has its concrete shell and some ceiling-work finished, a person told the Journal.

> Read the full article at Las Vegas Sand