SOURCE: Las Vegas Sands Corp.
January 14, 2010 05:00 ET
CotaiJet Receives New License and Permission for Additional Routes
MACAU--(Marketwire - January 14, 2010) - Sands China Ltd. (SEHK: 1928), a majority-owned
subsidiary of global resort developer Las Vegas Sands Corp. (NYSE: LVS),
announced today that its Cotai Strip® CotaiJet ferry operation has been
issued a 10-year license to operate its ferries between Macau and Hong
Kong under the new licensing regime approved by the Macau SAR Government.
The license also increases the number of routes the CotaiJet service can
use, including the addition of several daily roundtrip sailings between the
Hong Kong International Airport and the Taipa Ferry Terminal -- which is
located just minutes from the company's properties on the Cotai Strip®.
"Opening new routes and increasing capacity from Hong Kong to Macau will
facilitate the growth of the meetings, incentive, convention, and
exhibition business by seamlessly linking the Hong Kong airport and other
points of arrival and departure to the Cotai Strip," said Steve Jacobs,
chief executive officer of Sands China Ltd. "The additional routes will
also provide substantial flexibility for our guests coming to enjoy one of
the many live entertainment acts featured at the CotaiArena®. Our
company is committed to helping the government diversify Macau's economy
and our ability to bring more and more people to Macau, whether to attend a
meeting or convention or see a live performance, will have a dramatic
impact on those diversification efforts."
The CotaiJet ferry service has run daily roundtrip sailings between the
Ferry Terminal in Hong Kong and the Taipa Ferry Terminal in Macau since it
began operating in late 2007. Under the new license, CotaiJet can operate
up to 35-daily roundtrip sailings between the Hong Kong Ferry Terminal and
the Taipa Ferry Terminal; six roundtrip sailings between the Hong Kong
International Airport and the Taipa Ferry Terminal; six roundtrips between
the Hong Kong International Airport and the Outer Harbor Ferry Terminal on
the Macau peninsula; three roundtrip sailings each between the China Ferry
Terminal in Kowloon, Hong Kong and the Taipa and Outer Harbor terminals;
and two daily roundtrip sailings between the Ferry Terminal in Hong Kong
and the Outer Harbor Ferry Terminal.
Mr. Jacobs said the company would work as quickly as possible to have the
new routes up and running and he thanked the members of the Macau Port
Authority and the entire Macau government for their hard-work and
dedication throughout the process.
Statements in this press release include "forward-looking" statements which
are, by their nature, subject to significant risks and uncertainties.
These statements relate to events that involve known and unknown risks,
uncertainties and other factors which may cause our actual results,
performance or achievements to be materially different from performance or
achievements expressed or implied by the forward-looking statements.
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do not have any obligation to update or otherwise revise the
"forward-looking" statements contained in this press release, whether as a
result of new information, future events or otherwise. As a result of
these and other risks, uncertainties and assumptions, the "forward-looking"
events and circumstances discussed in this press release might not occur in
the way we expect, or at all. Accordingly, you should not place undue
reliance on any "forward-looking" information.