In a bold move set to reshape the skyline of Las Vegas, the Sands Corporation announced today a massive expansion plan for its flagship property, the Venetian Resort. The $2.5 billion project promises to not only enhance the resort’s luxury offerings but also significantly boost its gaming facilities, adding a new dimension to the entertainment and gambling scene in Sin City.
Scheduled to commence in early 2024, the expansion will see the addition of a new tower, sprawling over 1.4 million square feet, equipped with 3,500 slot machines and 150 gaming tables. This move aims to cater to the increasing demand for high-quality gaming experiences as Las Vegas continues its post-pandemic recovery. The new tower is anticipated to create over 2,000 jobs, ranging from construction to hospitality and gaming operations.
Robert Goldstein, CEO of the Sands Corporation, shared his enthusiasm about the project in today’s press conference, stating, “This expansion is not just an investment in our company but in the future of Las Vegas as the premier destination for global travelers seeking top-tier gaming and entertainment.”
The expansion plan also includes a state-of-the-art sportsbook, which will capitalize on the booming sports betting market in Nevada. This facility is expected to be one of the largest on The Strip and will feature advanced betting technology with massive, high-definition screens, offering an immersive experience for sports enthusiasts.
Moreover, the project will enhance the resort’s luxury accommodations and amenities, including a new spa, several gourmet restaurants, and exclusive retail shops. An additional feature of the expansion is the ‘Venetian Gardens,’ a 20,000-square-foot botanical garden designed to provide a tranquil escape from the bustling casino floor.
Environmental sustainability is a core component of the expansion, with the Sands Corporation committing to advanced green building standards. The new facilities are designed to achieve LEED Gold certification, featuring energy-efficient systems and sustainable building materials.
The expansion is expected to significantly boost local tourism and economy. Clark County Commissioner Maria Hughes expressed her support, noting, “This is a visionary project that promises economic growth and employment opportunities. It’s exactly what we need as our city continues to evolve and attract international visitors.”
Las Vegas has been witnessing a surge in tourism and gaming revenue as it rebounds from the downturn caused by the COVID-19 pandemic. According to the latest data from the Nevada Gaming Control Board, casino revenues have been hitting record numbers in recent months, signaling a robust recovery and growing consumer confidence.
Industry experts have lauded the Sands’ expansion plan as a strategic move that reflects the company’s confidence in the future of Las Vegas as a leading global entertainment hub. Christopher Jones, a gaming analyst with GlobalData, remarked, “The Sands Corporation is seizing the moment to bolster its position in a highly competitive market. Adding such extensive gaming and non-gaming facilities will definitely attract not just gamblers but also luxury seekers and international tourists.”
The new development is set to open in stages, beginning in late 2025, with full completion expected by mid-2027. As the project unfolds, it will undoubtedly be watched closely by investors and competitors alike, as it could set a new standard for luxury and gaming in Las Vegas, further cementing the city’s status as a top entertainment destination in the world.
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