It is an honor to introduce Macao Studio City - an integrated retail and gaming megaresort in one of the world's most visited destinations - Macao. Taubman Asia is the retail partner for this multi-billion-dollar development.

We have been in the business of creating extraordinary shopping environments for more than half a century. In nearly six decades since our founding, the name Taubman has become synonymous with retail productivity and planning excellence.

We have built one of the world's great retail property portfolios, and are excited about the opportunities throughout Asia. The opening of The Mall at Studio City in 2009 is the perfect introduction of our unique capabilities to the region. This development will complete a dominant trilogy of like-properties and will become part of the most exciting trend in global retailing today ... luxury marketplaces in resort gaming environments. Such venues are proving to be the most productive for retailers in the United States. Our experiences at The Pier Shops at Caesars in Atlantic City and CityCenter in Las Vegas are testament to this formula's potential, and we are certain we will have similar success in Macao.

With The Mall at Studio City, we are introducing the Taubman retail formula to the world's most exciting marketplace. Our promise is to deliver a world-class shopping venue that will delight customers and deliver powerful retail sales.

We welcome you to join Taubman in the highest-profile retail opportunity in the world.