Sheldon Adelson, chairman and chief executive officer of Las Vegas Sands Corp., comments on sites 7 and 8 on Macau’s Cotai strip. The company has submitted an appeal to the courts of the city’s government’s rejection of its application for the land.

Adelson spoke at the Bank of America Merrill Lynch Gaming Conference in Las Vegas on Jan. 9.

“I don’t care who develops seven, eight. I almost prefer it be developed by somebody else because I’ve already got land there, I’ve already got site three. When we build it, it connects to our exhibition and convention center and it will add a lot more to the convention center. We’ve already got the international brands that can help to fill the thing up rather quickly, almost overnight. So, the ramp-up period and the demand period will take a much shorter time than what we could do it ourselves.”

On site 3 “is the InterContinental Hotel and Holiday Inn. So, if we do lot three, then I would do seven and eight. But it’s got to be a year-and-a-half or so before we finish five and six, the Sheraton Shangri-La site. And then we’ve got to start lot three and that could take about three years. By the time I get to seven and eight, it’s too close to the end of the expiration of our gaming concession. Now I don’t think there will be an end to the gaming concessions, because they got to take it away from Stanley Ho -- from his family........read more