Sands China has secured $1.75bn in financing for the construction of the combined Shangri-La, Traders and Sheraton resort complex at its Cotai Strip development in Macau.
"The completion of the Shangri-La, Traders and Sheraton complex represents a critical next step in Macau’s ability to both diversify its economy and further reach its potential as a full-scale leisure and business destination," said Sheldon Adelson, chairman of Las Vegas Sands.
"The additional 6,000 hotel rooms are especially important in growing the meeting and convention business in Macau. The additional capacity will open up a new and larger base of potential customers who, because of the size of the events, were not previously able to bring their meetings or conventions to Macau."
