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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
 
 

One step closer


Posted: 2/6/2012 4:12:05 PM
Rating:     100% (3 votes)
  

Two out of the three gaming operators waiting for government approval to break ground in Cotai may get the thumbs up this year, the head of the Lands, Public Works and Transport Bureau, Jaime Carion said on Friday.

Wynn Macau Ltd., SJM Holdings Ltd. and MGM China Holdings Ltd. have all applied for land grants in Cotai and have been waiting since 2007 for the government’s approval.

Mr Carion said his bureau might be able to complete and approve two of the three applications within this year, TDM reported.

He said these are very complex processes, thus the long time needed for their assessment and approval.



Headlines

Final review on rules for smoking areas inside casinos

Casinos will have to divide their floor into smoking and non-smoking areas starting next year

Homes more expensive

The average transaction price of all residential units sold in the first three months of 2012 reaches a new all-time high

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
Other Macau Latest News

TransAct appoints new sales manager for Asia

Rashid Suliman will be responsible for the sales of the company’s products in Macau

Venetian hosts Ice World

The exhibit will last until September 16

Melco Crown to participate in Dragon Boat races

Around 50 Melco Crown employees have joined forces to form two teams

Bank tellers with two-digit salary growth

Wage increases outpace the inflation rate

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1. Studio City to receive casino approval “soon”: report
2. Steve Wynn unveils details about Cotai project
3. Gov’t to control new casino openings: Union Gaming
4. May ‘critical’ for assessing Macau gaming industry
5. Steve Wynn explains Tien Chiao deal
 
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