Source : Press ReleaseLas Vegas Sands Corp. Flexes Trade Show Muscles in Macao
Several Multi-Year Trade Shows Already Signed Up for The Venetian Macao
LAS VEGAS, May 10 /PRNewswire-FirstCall/ -- Las Vegas Sands Corp. (NYSE: LVS) today added to its trade show presence in Asia by announcing that the company has negotiated and signed contracts for five multi-year trade shows that combined represent 13 separate events. The company also said it has received several new letters of intent from other trade show organizers and is working with a large pipeline of shows which it expects to sign up by the end of 2006.
"Almost every week the momentum of our Cotai Strip(TM) development reaches a new level," said Sheldon G. Adelson, chairman and chief executive officer of Las Vegas Sands Corp. "Whether it's another addition to our distinguished list of hotel brands, exciting entertainment acts like Cirque du Soleil, or the finest and most exclusive names in retail, all the pieces of the puzzle needed to create Asia's Las Vegas(TM) continue to fall into place."
The following is a short profile of three of the five multi-year trade shows contracted to take residence at The Venetian Macao(TM), a destination resort situated on the Cotai Strip in Macao, Special Administrative Region of the People's Republic of China:
Asian Automotive Aftermarket Products Expo -- Produced by William T. Glasgow, Inc., the Asian Automotive Aftermarket Products Expo will follow in the footsteps of the successful AAPEX shows in Mexico City, Mexico and Las Vegas, Nevada. The Las Vegas show is the 34th largest show in the United States with almost 500,000 net square feet of exhibition space, over 2,000 exhibiting companies, and hosting 80,000 attendees each year. The Asian Automotive Aftermarket Products Expo is booked for two annual shows with the first taking place in 2008.
"Our relationship with WT Glasgow began more than 15 years ago when they were the first customer of the Sands Expo and Convention Center," said William Weidner, president and chief operating officer of Las Vegas Sands Corp. "As we have grown, so have they and we look forward to bringing this highly successful show to Asia together."
CMP Asia Jewelry and Watch Show -- Organized by CMP Asia Ltd, this show will be a complementary event to the very successful Hong Kong Jewelry and Watch Fair. The Hong Kong event is Asia's largest jewelry fair and one of the top three events of its kind in the world and the 18th largest tradeshow in Asia. In 2005, the Fair attracted 811 exhibitors from 26 countries and regions, and 19,603 visitors from 102 countries and regions. The Jewelry and Watch Show will open at The Venetian Macao in January 2008.
"We anticipate this to be the first of several shows we sign with CMP Asia and while they are new to our international network of trade show organizers, it clearly illustrates the importance of our long history in the business," said Weidner. "Our company has a deep understanding of the needs of these organizers. We can provide them with the best resources to plan and execute their events and more importantly we can anticipate their needs and react swiftly to meet those needs."
Global Gaming Expo Asia -- Organized by Reed Exhibitions, the largest show organizer in the world and close partner of Las Vegas Sands, Global Gaming Expo Asia (GGEA) is initially booked for two annual shows with the first taking place in 2008. The Global Gaming Expo Asia is modeled after the successful Global Gaming Expo (G2E) which is held annually in Las Vegas and is the 78th largest tradeshow held in the United States, occupying almost 300,000 net square feet of exhibition space with 720 exhibiting companies and 17,000 attendees.
"Reed Exhibitions and Las Vegas Sands have a long and significant history together. Over the years, we have worked with them on a countless number of shows and to this day most of the major shows they hold in Las Vegas are right here in our building," concluded Weidner.
The Cotai Strip is a master planned development of resort, hotel and casino properties on Cotai, an area of reclaimed land between the islands of Taipa and Coloane in Macao. Las Vegas Sands is developing The Venetian Macao, which is currently under construction, as well as hotel projects including a Four Seasons Hotel, Starwood's Sheraton and St. Regis brands, a Shangri-La Hotel and a Traders Hotel, and a Hilton Hotel and Conrad Hotel.
Statements in this press release, which are not historical facts, are "forward looking" statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the Company's control, which may cause material differences in actual results, performance or other expectations. These factors include, but are not limited to general economic conditions, competition, new ventures, government regulation, legalization of gaming, interest rates, future terrorist acts, insurance, and other factors detailed in the reports filed by Las Vegas Sands Corp. with the Securities and Exchange Commission.