It's good to go. As reported by Reuters, the Chinese government has given the thumbs up to Las Vegas Sands for its $9-$12 billion resort project slated for the small island of Hengqin, located near the world's gambling capital of Macau. Las Vegas Sands has already set up its first casino in the former Portuguese colony of Macau. The Sands Macau opened in 2004 and the Venetian Macau (the $800 million dollar sister hotel to Las Vegas's Venetian) is just months away from launch. The company's plan for Hengqin covers about 80 million square feet of space, with the resort initially opening its doors in the summer of 2008. Las Vegas Sands is hoping to break ground before the Chinese New Year in February. With the new Venetian Hengqin International Convention and Resort, Las Vegas Sands will solidify its role as one of the top resort developers in Asia.
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