Las Vegas Sands Adds New Macau Ferry Routes
Las Vegas Sands (LVS: 19.50 +1.14%) announced that its subsidiary Sands China Ltd’s Cotai Strip® CotaiJet ferry has been issued a 10-year license to operate its ferries under the Macau SAR Government’s new licensing regime.
The license allows the ferry, which has been operating since 2007 to continue its daily trips between Macau and Hong Kong but also increases the number of routes the CotaiJet service can use, including the addition of several daily round trip sailings between the Hong Kong International Airport and the Taipa Ferry Terminal, which is located just minutes from the company’s properties on the Cotai Strip®.
“Opening new routes and increasing capacity from Hong Kong to Macau will facilitate the growth of the meetings, incentive, convention, and exhibition business by seamlessly linking the Hong Kong airport and other points of arrival and departure to the Cotai Strip,” said Steve Jacobs, chief executive officer of Sands China Ltd. “The additional routes will also provide substantial flexibility for our guests coming to enjoy one of the many live entertainment acts featured at the CotaiArena®. Our company is committed to helping the government diversify Macau’s economy and our ability to bring more and more people to Macau, whether to attend a meeting or convention or see a live performance, will have a dramatic impact on those diversification efforts.”
Jacobs says the company will work quickly to get the new routes up and running.
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