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CotaiJet Service Temporarily Suspended Due to Macao Legal


New Ferry Service Providing Link between Macao and Hong Kong hoping for Quick Resolution and Return to the Waterways

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Dec 12, 2007

New Ferry Service Providing Link between Macao and Hong Kong hoping for Quick Resolution and Return to the Waterways
MACAO, Special Administrative Region of the People's Republic of China (TVLW) - Las Vegas Sands Corp. announced today that the Macao Intermediate Court has temporarily suspended the company's recently launched Cotai Strip CotaiJet(TM) service while the court reviews a legal challenge to the Macao government's decision which granted CotaiJet a concession to operate ferry service between Hong Kong and Macao.

"We are confident the Macao court system will act prudently and expeditiously and that the results will serve in the best interests of the residents and visitors of Macao, Hong Kong, and the wider Pearl River Delta region," said Stephen Weaver, president of Asian Region, Las Vegas Sands Corp.

Weaver said that since the service has only been operating for a week and a half its temporary suspension would not significantly impact visitation to Macao or the company's Venetian Macao Resort Hotel, which opened in August and has averaged more than 60,000 visitors per day on weekdays and more than 100,000 visitors per day on weekends. "We are just starting to ramp up our CotaiJet operations and the real impact will be felt when we begin running multiple ferries both day and night," he said.

Weaver also added that the CotaiJet partnership with Cotai Chu Kong Shipping Management Services Co., Ltd. of Hong Kong, which manages the ferries, is off to a great start and the two entities remain deeply committed to helping address the region's long-term transportation needs.

"The public response and demand for the CotaiJet service has been overwhelmingly positive. Our guests are very complimentary of our friendly employees and our on-board service and they appreciate the convenience of traveling directly between Hong Kong and Taipa," said Mr. Ren Qi Sheng, chief executive officer of Cotai Chu Kong Shipping Management Services Co., Ltd. "During this time we will continue to retain, pay, and further train our staff so that when a resolution is reached we will be able to quickly resume CotaiJet service with the same high standards our passengers have already come to expect."

The CotaiJet service, which began running on November 30 and operates between Hong Kong's Macao Ferry Terminal at Shun Tak Centre and Macao's newly opened Taipa Temporary Ferry Terminal, temporarily suspended service effective 10 am on Tuesday, December 11.

New Ferry Service Providing Link between Macao and Hong Kong hoping for Quick Resolution and Return to the Waterways



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