Macao, Special Administrative Region of the People’s
Republic of China (January 17,
2008) – Las Vegas Sands
Corp. (NYSE:LVS) announced today that the Macao Intermediate Court has removed
an interim injunction that had suspended the company’s entitlement to operate a
ferry service between Hong Kong and Macao.
The CotaiJet service had been operating for
just over a week and was offering service between Hong Kong’s Macao Ferry
Terminal at Shun Tak Centre and Macao’s newly opened Taipa Temporary Ferry
Terminal when it was suspended in
The plaintiff in
the case had sued the Macao SAR Government seeking a review of the government’s
decision to grant LVS the right to
operate a ferry service. That legal action suspended the effect of government’s
decision, which had the consequence of suspending LVS’s ferry service until
further determination of the merits of the claim.
“As we expected,
the court acted in an expeditious and prudent manner to consider the merits of
the claim, and decided that the injunction should be removed. We are already in
the process of returning CotaiJet service to operation,” said Stephen Weaver,
president of Asia, Las Vegas Sands Corp.
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.
ABOUT LAS VEGAS SANDS CORP.
Vegas Sands Corp. (NYSE: LVS) is one of the leading international developers of
multi-use integrated resorts.
Las Vegas, Nevada-based company owns and operates The
Venetian Resort-Hotel-Casino, The Palazzo Resort-Hotel-Casino
and the Sands Expo and Convention Center in Las Vegas and The Venetian Macao Resort-Hotel and the Sands Macao
in the People’s Republic of China (PRC) Special Administrative Region of Macao.
The company is currently constructing two additional integrated resorts: Sands
Bethworks™ in Bethlehem, Pennsylvania; and The Marina Bay Sands™ in Singapore.
is also creating the Cotai Strip™, a master-planned development of
resort-casino properties in Macao. Additionally, the company is working with
the Zhuhai Municipal People’s Government of the PRC to master-plan the
development of a leisure resort and convention complex on Hengqin Island in the