( CNN ) -- The company owns The Venetian Resort Hotel Casino and the Sands Expo and Convention Center in Las Vegas , Nevada and the Sands Macau in The People 's Republic of China 's Special Administrative Region of Macau , as well as Venetian Macau Limited , a developer of additional multiple casino hotel resort properties in Macau . The first phase of the Venetian Casino Resort opened in May 1999 , which originally consisted of 3,036 suites though the number of suites was reduced over time to 3,014 based on renovations and remodeling . Since it 's opening , the property has received recognition as revolutionizing the Las Vegas hotel industry , and has been honored with architectural and other awards naming it as one the finest hotels in the world . In 2003 , The Venetian added the 1,013-suite Venezia tower -- giving The Venetian 4,027 suites , 18 world-class restaurants , and a retail mall with canals , gondolas and singing gondoliers . In May 2004 , Las Vegas Sands opened the Sands Macau , located on China 's southeastern coast . The Sands Macau includes approximately 163,000 square feet of gaming facilities , luxury suites , specialty restaurants and an International VIP club . In December 2004 , in one of the year 's most anticipated initial public offerings , Dr. and Mr. Adelson rang the opening bell at the New York Stock Exchange and with it shares of Las Vegas Sands Corp. began trading . The price of the Sands stock rose 61 percent on its opening day , becoming the largest opening day of any American-based initial public offering in the last two years . The Venetian Casino Resort is one of the most productive properties on the Strip , having an occupancy rate of 98.3 % and an average daily room rate of $ 219 during the nine months ended September 30 , 2004 . E-mail to a friend .
The company owns three major casino complexes , in Las Vegas and Macau . Venetian Casino Resort opened in 1999 , originally consisted of 3,036 suites . It was the first hotel to open on the Strip with a full service restaurant.