Sands says Singapore property will open in phases

Las Vegas Sands Corp. Chairman Sheldon G. Adelson and other senior executives yesterday celebrated the topping off of the three hotel towers at the company’s Marina Bay Sands property in Singapore.  This statement is being issued to clarify any ambiguities concerning the property’s opening date that might have resulted from the question and answer period with the media following the event:

"The company has said on previous occasions that it is targeting an early 2010 opening for its Marina Bay Sands integrated resort in Singapore.  That plan remains the same, and although we do not have an exact date, we are making every effort to open the property by February 15, 2010.

The company is working closely with the Singapore government to confirm the opening date and to finalize an opening plan for each of the development’s various attractions.

While we wish construction scheduling would have allowed us to open by the end of 2009, we strongly believe that if things remain according to plan, Phase I of the property, which will include approximately 1,000 hotel rooms, the casino, the bulk of the MICE facilities, a variety of restaurants, and 50 percent of the retail space, will open some time between the last week of January and the last week of February.

Phase II which includes the remainder of the hotel rooms and retail space, and the Sands Skypark™, would open by the end of April 2010.  Phase III, which features the remainder of the attractions, including the theatres and museum, will open throughout the rest of the year.