Sands China Ltd. (HKEx: 1928) is the leading developer, owner and operator of multi-use integrated resorts and casinos in Macao. Macao is the largest gaming market in the world as measured by casino gaming revenue and is the only location in China offering legalised casino gaming. Venetian Macau Limited, our subsidiary, holds one of six concessions or subconcessions permitted by the Macao government to operate casinos or gaming areas in Macao.
We own The Venetian® Macao, Sands® Macao, The Plaza™ Macao, Sands® Cotai Central, and The Parisian Macao. We also own Cotai Expo, one of the largest convention and exhibition halls in Asia; Macao's largest entertainment venue, the Cotai Arena; the 1,800-seat luxury Venetian Theatre; the 1,200-seat Parisian Theatre; the upcoming 1,700-seat Sands Cotai Theatre; and Cotai Water Jet, one of two major high-speed ferry companies operating between Hong Kong and Macao. Our luxury and mid-market retail malls feature more than 850 shops with well-known retail brands. Our combined properties feature close to 13,000 hotel rooms and approximately 150 different restaurants and food outlets.
Our business strategy is to develop Cotai and to leverage our integrated resort business model to create Asia's premier business, leisure, convention and gaming destination. With the addition of The Parisian Macao in September 2016, our Cotai footprint now comprises four interconnected integrated resorts, which leverage a wide range of branded hotel and resort offerings to attract different segments of the market.
We are a subsidiary of Las Vegas Sands Corp. (NYSE: LVS), the parent company of The Venetian® Resort-Hotel-Casino and The Palazzo® Resort-Hotel-Casino, Sands® Expo and Convention Center in Las Vegas, Marina Bay Sands in Singapore and Sands® Casino Resort Bethlehem, Pennsylvania's first gaming resort destination in the United States.