![]() In July, Macau tourist arrivals increased 23% from a year earlier to 2.21 million, according to the city’s government. Adelson also said he’d also like to open in Japan. Adelson said he’s not interested in opening in Taiwan, because Macau is too competitive. Sands says the new Venetian is twice the size of its Las Vegas namesake resort, and is the world’s second-largest building after Aalsmeer flower market in the Netherlands. Macau last year overtook the Las Vegas Strip in revenue. Macau, the world’s busiest gaming hub, is the only place in China where casinos are legal. It’s my job as an entrepreneur to be visionary.” It’s the job of the analysts to be skeptical. “There’s absolutely no question about the viability of this project whatsoever,” he said. Adelson, 74, dismissed suggestions he’s overreaching. ![]() The company today said the first stage of its Macau project cost $2.4 billion, 33% more than earlier estimates. “There could be some missteps in the beginning, but we expect things to start moving up in about a year.” Las Vegas Sands shares fell 3.9% to $97.79 in US trading Monday. “This is a big bet,” said Billy Ng, an analyst at JPMorgan Chase.
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