Las Vegas Sands Corp. Announces Plans to Usher in New Era of Entertainment in Singapore - Monday 12th of September 2005
Looking to position Singapore as a leading international tourism destination, Las Vegas Sands Corp. (NYSE: LVS - News) today announced a global strategic partnership with Clear Channel Entertainment (CCE) as part of its proposal to build an integrated resort and casino in Singapore.
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"The partnership with Clear Channel Entertainment represents our efforts to usher in a new era of entertainment in Singapore and position the country as a unique, global entertainment and tourism hub," said Mr. William Weidner, president and chief operating officer of Las Vegas Sands Corp. "Our successful business model of providing first-rate entertainment, world-class meeting and convention facilities, luxurious accommodations, extensive leisure and recreational activities, world-class dining and shopping, and event venues that provide global exposure, is the formula necessary to synergize and energize Singapores current tourism infrastructure and draw visitors from around the world."
If Las Vegas Sands Corp. is successful in its bid for Singapores Integrated Resort in Marina Bay, visitors and Singaporeans alike could expect Clear Channel to draw from an extensive range of productions like THE LION KING, HAIRSPRAY, CHICAGO, and THE PRODUCERS, or world-class musical acts like Madonna, U2, Sting, The Rolling Stones, and NSYNC. Clear Channel also specializes in a wide-variety of family entertainment shows, museum exhibitions, and specialized sports and motor sports events and televised events for a global audience.
Mr. Weidner added, "Together with Clear Channel Entertainment, we hope to offer a multitude of shows and events that will cater to a wide-variety of audiences. Las Vegas Sands experience as a leading international resort developer and Clear Channel Entertainments expertise in delivering world- class entertainment is a winning combination that will make Singapore a more exciting place to live, work and play, and highlight the country as a global destination for excitement and entertainment."
The Singapore partnership is not the first collaboration between the two entities. Both companies are currently developing a new version of Andrew Lloyd Webbers musical phenomenon The Phantom of the Opera. The production is slated to open next summer at The Venetian Resort Hotel Casino in Las Vegas. Directed by 20-time Tony Award Winner Hal Prince, the shows original director, the Las Vegas production will be housed in a brand-new US $30 million state of the art theatre and feature a full orchestra of live musicians.
"As a leading producer and marketer of live entertainment events, Clear Channel Entertainment has a proven track record," said Mr. Scott Zeiger, chief creative officer of Clear Channel Entertainment, and chairman and chief executive officer of Clear Channel Entertainment Productions. "Every year, more than 69 million people attend approximately 32,000 events staged by Clear Channel Entertainment including live concert, Broadway productions, family entertainment shows and exhibitions and motor sports events."
About Las Vegas Sands Corp.
Las Vegas Sands Corp. is a hotel, gaming, resort and exhibition/convention company headquartered in Las Vegas, Nevada. The company owns The Venetian Resort Hotel Casino and the Sands Expo and Convention Center, where it hosts exhibitions and conventions, in Las Vegas and the Sands Macao in the Peoples Republic of China Special Administrative Region of Macao. The company is also developing additional casino hotel resort properties, including The Palazzo Resort Hotel Casino in Las Vegas and The Venetian Macao Casino Resort in Macao.
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