When was venetian casino built




















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Operations in Asia quickly outgrew those in the U. Asia remains the backbone of this company and our developments in Macao and Singapore are the center of our attention. Some industry analysts also expect Sands will use the proceeds from the sale to push more aggressively into online gambling, something Adelson had once lobbied against. The Venetian, located on the Las Vegas Strip, has three luxury hotel towers with gaming, entertainment, shopping and dining. The resort includes more than 7, all-suite rooms, , square feet of gaming space and 2.

Travel related companies, from airlines, to hotels and resorts, are roaring back with the rollout of a slew of new vaccines. The sale is expected to close by the fourth quarter. Before the year was through, Adelson had promoted and launched a trade show catering to manufacturers and retailers within the then obscure industry niche. The first event, staged in Las Vegas in , was a success, quickly developing into the largest of its kind in the world.

For those involved in the personal computer industry, which would record explosive growth for the next two decades, Adelson had provided a Mecca. As waves of attendees faithfully made their pilgrimages to Las Vegas and COMDEX, Adelson turned to the business of generating as much profit as possible from the annual, sometimes seasonal, gatherings.

Adelson's strength was demonstrated in his ability to create profit-producing opportunities from Interface's conventions and expositions, particularly from the largest of all, COMDEX.

With the profits realized from the highly successful COMDEX, Adelson moved in yet another direction, as Interface's convention and exposition activities intensified. The business of conventions became the art of Adelson. He became a multimillionaire, collecting vast sums from creating venues for people to gather. As his fortune grew, he made other investments, including one transaction that set the stage for the creation of his biggest project, the Venetian Hotel. In , Adelson delved into the hotel business, roughly 30 years after his stint at selling soap and shaving cream to motel.

Before the Sands Hotel investment collapsed, literally and figuratively, Adelson built an adjacent facility whose presence spurred the development of the Venetian. In , Adelson built the world's largest convention center, the 1.

In the lot created by the demolition of the Sands Hotel, Adelson planned to build Las Vegas's premier hotel property, its rooms and concept designed to attract Adelson's prized customers: conventioneers. Aside from proving to be a perennial money loser, the Sands Hotel in Adelson's eyes was not large enough to accommodate the volume of business enjoyed by the adjacent Sands Expo and Convention Center. During the latter half of the s, more than one million conventioneers visited Adelson's showcase meeting complex annually, and he wanted a hotel that could attract and accommodate those business travelers.

The following year, he imploded the Sands Hotel. In April , construction of the new hotel-casino began, its completion scheduled for April Adelson relished the opportunity to break with convention in the design of the Venetian.

The Venetian, like Las Vegas's other premier hotel properties, was designed as an elaborate, themed resort, featuring life-size replicas of some of Venice's famous landmarks, such as the Doge's Palace, the Rialto Bridge, and the Campanile. The six-million-square-foot Venetian--to be the largest hotel in the world once completed--was distinct because of the type of clientele Adelson was after.

Typically, hotel rooms in Las Vegas were designed to keep guests in the casinos. The rooms were small and bereft of amenities. Adelson's Venetian, however, was designed to attract business travelers, the conventioneers who attended meetings and expositions at the adjoining Sands Expo and Convention Center. Accordingly, the Venetian's 3, suites were outfitted with fax machines, large televisions, telephones capable of handling conference calls, safes, refrigerators, and other amenities.

At square feet, the Venetian's rooms were the largest standard hotel rooms in the world, according to the Guinness Book of World Records. After a troubled beginning stemming from construction delays, the property began to exhibit some of the potential Adelson had promised.

In early , the hotel itself exuded encouraging strength, supported largely by conventioneers and their corporate travel allowances.



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