The local government has given it the needed approvals to complete construction on its newest gaming resort, The Parisian Macao on Macao's famous Cotai Strip, Las Vegas Sands Corp. announced last week.
Scheduled to open in late 2015, The Parisian Macao will be a Paris-themed casino resort with approximately 3,000 guest 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. The total cost of the project is $2.7 billion.
"From the moment we put our first shovel in the ground we have been committed to helping Macao secure its future as a center for leisure, business, and entertainment," Las Vegas Sands Chairman Sheldon G. Adelson said in a statement. "Our investment has provided tens of thousands of new jobs in areas such as retail, entertainment, and hotel operations. We've enabled local companies and suppliers to grow their businesses and we've helped the government expand its tax base and diversify its economy. The Parisian Macao is 100 percent consistent with that vision and we look forward to families taking pictures in front of our Eiffel Tower in the near future."