Sands China Ltd. Announces Government Approval of Transmission of Rights of Apart-Hotel

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Jun 05, 2013, 02:09 ET

MACAO, June 5, 2013 /PRNewswire/ -- Sands China Ltd. (HK:1928), a majority-owned subsidiary of global resort developer Las Vegas Sands Corp. (NYSE: LVS), announced today that the Macao SAR government has approved the transfer of the rights necessary for the company to sell shares in a co-op fashion to prospective buyers interested in a Four Seasons-branded apartment at the company's Cotai Strip development in Macao.

"The on-going vision of developing the Cotai Strip into an internationally renowned destination for leisure and business travelers has taken a major step forward today," said Mr. Sheldon G. Adelson, chairman of both Sands China Ltd. and Las Vegas Sands Corp. "The addition of the Four Seasons-branded apartments will provide visitors from surrounding countries the opportunity to own a tourism product which will allow them to utilize the full facilities of the Cotai Strip more frequently and for longer periods of time."

"Sands China is very thankful for the opportunity to continue investing in the future of Macao and we believe this is another positive step in that regard," said Mr. Edward Tracy, President and Chief Executive Officer of Sands China Ltd. "From the day Mr. Adelson identified the opportunity on the Cotai Strip, our team has worked tirelessly with both our business and community partners to fulfill that vision and the promise we made to the people of Macao to promote Macao's development into a world centre of tourism and leisure."

About Sands China Ltd.

Sands China Ltd. (HKEx: 1928, Sands China or the Company) is a Cayman Islands registered Company and is listed on The Stock Exchange of Hong Kong Limited. Sands China is the largest operator of integrated resorts in Macao. The Company's Cotai StripResorts is comprised of The Venetian® Macao-Resort-Hotel, The Plaza™ Macao and Sands® Cotai Central. The Company also owns and operates Sands® Macao on the Macao peninsula. The Company's integrated resorts contain a diversified mix of leisure and business attractions and transportation operations, including large meeting and convention facilities, a wide range of restaurants, shopping malls, world-class entertainment at the CotaiArena™ and the Venetian Theatre, and a high-speed Cotai Water Jet ferry service between Hong Kong and Macao. The Company's property development projects on Cotai have the goal of transforming it into Asia's premier entertainment and business destination. Sands China is a subsidiary of global resort developer Las Vegas Sands Corp. (NYSE:LVS).