Rumor has it that there is requirement for two Eiffel Towers in the gaming industry. Sheldon Adelson, the chairman of Las Vegas Sands Corp. has informed about construction of a proportionally adjusted duplicate of the Eiffel Tower as an element of a new hotel-casino worth $3 billion on the Cotai Strip region. He disclosed his plans for The Parisian on the occasion of opening ceremony of a Sheraton hotel as a branch of the second stage of Sands Cotai Central costing $4.4 billion.
Caesars Entertainment Corp. has a hotel-casino named Paris Las Vegas which is linked to the Bally’s Las Vegas and was initiated in 1999. It has a 1,050 model of the Eiffel Tower. As per Adelson, there will be 3,000 rooms in the hotel of The Parisian and will have almost 50% resemblance with the French memorial. He informed media in Macau that the legs of the Eiffel Tower of his company’s model will be self-supporting and therefore it will come closer to the real memorial as compared to model of Strip, the legs of which are supported by other edifices.
Macau generated over $33.5 billion from gaming profits in 2011 and hence is the leading gaming area of the world. The financial system of China has slowed down; however the worries over the flourishing economy of Macau were fired by Adelson. He stated that the company would not have thought of expansion in Macau in case there were no prospects of growth there.
The Cotai Central casino with 9,000 rooms is the fourth casino resorts by Sands China in Macau and is the sole location where gambling is permitted officially in China. The prospects for gaming development are looked forward by Las Vegas Sands in Vietnam, Japan, Europe and Korea as well. In case, casino gambling is authorized by the government in Taiwan, then Adelson would also like to pour money there too.
As stated by Las Vegas Sands at the start of the month, they have selected Madrid as the ideal site for an integrated gaming and resort construction named EuroVegas costing $22 million.
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