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Things Go from Bad to Worse for Las Vegas Sands

Where: Macau, China

Rendering of the St Regis Tower (left) and the two Sheraton towers.

In all the news about Las Vegas Sands from the past week, we somehow missed that the construction of the Sheraton & St. Regis Macau is also being put on hold.

Both of these hotels were due to make a big splash on the Cotai Strip in Macau in the next two years as the Sheraton was to be the largest hotel on the strip with over 4,000 rooms (!!) and the St. Regis would have about 800 units, evenly split between luxury residences and hotel rooms.

Both hotels are well into construction, so the unfinished projects will be eyesores for people of Macau for who knows how long. The Las Vegas Sands has not given a timeframe as to when construction will begin again, only hinting that once "financing becomes available on acceptable terms" will they resume construction. Apparently all that extra money they raised last week wasn't for these developments.