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Las Vegas Sands Corp plans to open its highly anticipated Venetian Macao Resort Hotel in booming Macao Special Administrative Region on August 28.

The 945,000 square meter property will be key to Macao's bold bet to transform itself from a casino town for day-tripping gamblers to a multi-day tourist destination for conventioneers, shoppers and families as well as punters.

The Venetian Macao will feature 3,000 rooms, 110,000 square meters of convention space, a 15,000-seat arena, casinos and 350 stores, the company said in a statement from Las Vegas.

The company said its resort will be the first property to open on reclaimed land called the Cotai Strip, which will eventually have 20,000 hotel rooms operated by some of the biggest names in the business: Four Seasons, Sheraton, St. Regis, Hilton and Shangri-La.

Last year, Macao raked in more gambling revenue than the Las Vegas Strip.