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Venetian bets $1.8 million on Macau

27 August 2007

MACAU -- As reported by the Agence France-Presse: "The gargantuan Venetian resort casino will have 1.8 billion US dollars at stake when it opens Tuesday, betting it can turn Macau from a gambling paradise into a family entertainment centre to rival Las Vegas.

"The Venetian Macau, operated by the Las Vegas giant Sands, will be the world's biggest casino, the company says.

"The behemoth has 3,000 rooms, a fleet of gondolas along its shop-lined canals, and includes what seems to be a full-scale version of Venice's landmark Bridge of Sighs.

"On its opening Tuesday -- August 28 is an auspicious date in China -- around 160 of the 350 stores at the Venetian will open, shifting the emphasis in the southern Chinese territory from roulette to top-end retail.

"...The Venetian strategy is simple: get the Asian visitor, who already spends a huge amount on gambling, to come for longer, bring their family and scoop up every luxury brand they can get their hands on..."

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