TAIPEI Venetian Casino Resort, wholly owned by Las Vegas Sands, plans to build an $800 million casino in Taiwan with a local company. The casino, which would be Taiwan s first, will be located on Penghu, a small island midway between Taiwan and China. Construction on the project s 320-room hotel has already begun and is expected to be complete by 2003, with the casino slated to open by 2006. The casino, however, still requires parliamentary approval. (3/8/01)
SOURCE: Bloomberg