November 30, 2009 (FinancialWire) — Sands China Ltd., a subsidiary of Las Vegas Sands Corp. (NYSE: LVS), said that through one of its subsidiaries, it has now secured project financing commitments of $1.75 billion, which will be used to complete the first two phases of construction of the company’s largest integrated resort on the Cotai Strip in Macau.

The project calls for a combined 6,000 rooms and suites from the Shangri-La, Traders, and Sheraton hotel brands.

The $1.75 billion total reflects an additional $300 million of commitments secured since the company originally announced the receipt of commitments for the financing of the project. In addition to the project financing, $500 million of the proceeds expected to be received when the global offering of Sands China Ltd’s. shares are listed on the Hong Kong Stock Exchange will also be used to fund development and construction of the project.

According to Sands, the combined figures represent the total amount of funding needed to complete the Shangri-La, Traders, Sheraton integrated resort complex.

The Las Vegas, Nevada-based company owns and operates The Venetian Resort-Hotel-Casino, The Palazzo Resort-Hotel-Casino, and the Sands Expo and Convention Center in Las Vegas and the Sands Casino Resort Bethlehem in Eastern Pennsylvania. The company also owns and operates The Venetian Macao Resort-Hotel and the Sands Macao in the People’s Republic of China Special Administrative Region of Macau.

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