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Las Vegas Sands Investing Heavily in Macao

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Las Vegas Sands Casinos will spend more than $8 billion on gambling casino, leisure and convention facilities in Macao and a neighboring Chinese island.

The money will be spent over the next 4 to 6 years, the Financial Times reported Monday.

Las Vegas Sands, which is a U.S. company, will use as a template for Macao its success in Singapore, where it has won the rights to build and operate the $3.6 billion Marina Bay casino gambling complex, set to open in 2009.

In Macao, Las Vegas Sands plans to spend $3 billion each in 2 phases on the Cotai Strip. Company officials also are in talks to develop Heng Qin Island, a Chinese island bordering the Cotai Strip.

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