Las Vegas Sands chairman Sheldon Adelson has said that his company will soon be a mainly Chinese enterprise, and that Las Vegas should be called "America's Macau". The president and chief operating officer of Las Vegas Sands Corporation predicted on February 12, 2007 that Macau has topped that of the Las Vegas Strip and will more than double again by 2010.
The casino opened on May 18, 2004 at a cost of $240 million[clarification needed]. All of the mortgage bonds that were issued to finance construction were paid off in May 2005. In 2006, the casino completed an expansion increasing the casino from 165,000 sq ft (15,300 m2) to 229,000 sq ft (21,300 m2).