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ISSUE 96 - Apr 2012
 
 
What are your expectations for the gross gaming revenue growth of Macau’s gaming industry in 2012?
Decline
Growth above 20 percent
Growth from 10 to 20 percent
Stagnation
 
 

Govt doesn’t open game on Studio City


Posted: 6/24/2011 2:50:57 PM
Rating:     0% ( votes)
  

The secretary for transport and public works Lau Si Io didn’t disclose yesterday whether Melco Crown has applied to include a casino in the Macao Studio City.

Instead, Mr Lau stressed once again the project still has to comply with the revised development plan approved by local authorities in 2008, where the development of film production facilities were a major component, as well as hotels.

No casino was included in the land concession contract (which has still not been made public), he stressed.

Mr Lau also confirmed that the government has received an application from the developer to resume construction.

Earlier this month, gaming operator Melco Crown announced an agreement to acquire a 60 percent stake in the Macao Studio City project.





Other Macau Latest News

More than just gaming

MGM is still waiting for Cotai approval, but Grant Bowie reiterates that it will go beyond just gaming

Okada on ‘fishing expedition’

Wynn’s lawyers accuse the Japanese businessman of trying to find improper acts, which they say never happened

Galaxy to sponsor volleyball tournament

The gaming operator is again backing the Macau stage of the FIVB Volleyball World Grand Prix

New border crossing could drive up shop prices

Property experts say prices in Ilha Verde area could go up 10-fold
Headlines

Sands China renews Edward Tracy’s contract

The company’s president and CEO has had his contract extended until August next year

Studio City to receive casino approval “soon”: report

Gov’t authorisation is “just a formality”, English-language newspaper Business Daily reports

Worrying signals

Less informal lending in Wenzhou may lead to VIP slowdown in Macau’s casinos, says Macquarie

Steve Wynn explains Tien Chiao deal

The casino mogul dismisses rumours about connections between Tien Chiao and any government officials

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1. Galaxy closes in on SJM market leadership
2. Steve Wynn wants to start works in Cotai “before June”
3. Studio City to receive casino approval “soon”: report
4. Macau casinos take in MOP25 billion in April
5. U.S. company now Wynn Resorts’ biggest shareholder
 
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