In May 2004, Las Vegas Sands Corp. was the first to open Western-style casino in the Chinese enclave of Macau. Owned and in most by Sheldon Adelson, Nevada-based Las Vegas Sands Corp. was a pioneer convention driven business models in the gaming industry in Las Vegas. As one of the three new gaming license holders in Macau, Adelson was set to repeat the model in Macau and to break the monopoly held by Sociedade de Turismo e Stanley Ho Diversoes Macau (STDM) for more than 40 years. As of May 2005, Macau is experiencing a building frenzy. Billions of dollars, casinos, conference centers and hotels under development. Las Vegas Sands Corp. was one of the main instigators, with $ 1.8 billion Casino Resort under construction, as well as interest in the six casino hotel complexes. The company is also expanding its Las Vegas business with U.S. $ 1.6 billion Casino Resort next to the existing development of the Las Vegas Venetian. "Hide
by Jeroen van den Berg, Frederik Pretorius Source: University of Hong Kong, 29 pages. Publication date: 07 May 2007. Prod. #: HKU652-PDF-ENG
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