Las Vegas Sands Corp announced that it has now reached commercial terms with 200 premium retailers, who combined will bring 250 branded stores to the company's malls on the Cotai Strip in Macao.

"The number and quality of tenants as well as the pace at which we are leasing retail space in Macao is unprecedented," said William Weidner, president and chief operating officer of Las Vegas Sands Corp. "To put this in perspective, the retailers already lined up for The Venetian Macao represent more than three times the number of retailers currently doing business inside The Grand Canal Shoppes in Las Vegas."

The company's malls include the Grand Canal Shoppes at The Venetian Macao Resort Hotel and the mall at the adjacent Four Seasons Hotel Macao.

"The retailers approaching us in Macao are very confident in Las Vegas Sands' ability to duplicate what we have successfully created in Las Vegas," said Stephen Weaver, senior vice president of Asian development for Venetian Macau Ltd. "The 200 retailers in The Grand Canal Shoppes combined with the leasing of the entire ground floor of the mall at the Four Seasons Hotel Macao, are equal to the number of shops and brands in Hong Kong's Pacific Place and Landmark Malls combined."

Weaver said the momentum of the company's retail presence in Asia continues to grow — with 45 retailers having come on board in the past 30 days — and the Cotai Strip has now been established as the epicenter of retail in Macao. He said this is clearly reflected in both the quality and number of retailers approaching the company and those coming to terms on commercial agreements. Weaver said that commercial terms across all retail levels continue to include rental rates in line with the company's expectations.

The Grand Canal Shoppes at The Venetian Macao, which is currently being constructed, plans to mirror its sister property located inside The Venetian in Las Vegas. The Macao version, when completed in 2007, will become the largest entertainment and shopping facility of its kind in Asia.

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