Las Vegas Sands Announces Step in Hengqin Island Development
LAS VEGAS, NV, January 11, 207. Las Vegas Sands Corp. (NYSE:LVS) announced today that the Office of the Zhuhai Municipal People's Government, People's Republic of China (PRC), has issued an official letter informing the company that the Zhuhai Government has now established a Project Coordination Committee specifically related to the company's proposed development of The Venetian Hengqin International Convention and Resort Project in Zhuhai.
The function of a Project Coordination Committee is to act as the government liaison empowered to work directly with the developer to advance the development of a project. While the formation of a Project Coordination Committee is a positive step forward, the project remains subject to governmental approvals customary for projects of this scale in China.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
