Leasehold Interests in Land, Net (Tables)

12 Months Ended

Dec. 31, 2012

Leasehold Interests in Land

Leasehold interests in land consist of the following (in thousands):

	December 31,
	2012			2011
Marina Bay Sands	$	1,125,136		$	1,056,942
Sands Cotai Central		191,653			148,393
The Venetian Macao		174,893			172,759
Four Seasons Macao		87,020			86,123
The Parisian Macao		73,916			73,524
Sands Macao		27,572			27,272
		1,680,190			1,565,013
Less — accumulated amortization		(221,449	)		(174,545	)
	$	1,458,741		$	1,390,468

Premium and Rental Payments for Leasehold Interests in Land

every five years by the Macao government. As of December 31, 2012, the Company was obligated under its land concessions to make future premium and rental payments as follows (in thousands):

2013	$	49,636
2014		4,358
2015		5,004
2016		5,192
2017		5,287
Thereafter		81,301
	$	150,778