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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
 
 

Sands’ parcel 3 to have 4,000-room property


Posted: 2/2/2012 8:11:50 PM
Rating:     100% (3 votes)
  

Sands China Ltd. has already delivered its development plans for parcel 3 in Cotai to the government.

This was confirmed today by the company’s chairman Sheldon Adelson.

He said during a conference call that Sands China Ltd. has applied to the government and submitted drawings for a 4,000-room lot 3 development.

“We think that in consultation with the government, as to what they want, we’re going to make a mass market [project] plus a separate tower for VIP play on lot 3,” Mr Adelson said.

Sources confirmed to Macau Business Newsletter that the new project will have a high focus on mass market, aiming to attract mid-class mainland families.

The project, the sources added, will be “highly themed” and quite different from the neighboring Venetian Macau, with most of the hotel rooms being three and four star units.

Mr Adelson also confirmed the first phase of Sands Cotai Central will open in approximately eight weeks, including a mass gaming floor with around 200 gaming tables, 40 private gaming rooms and up to 140 gaming tables.



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
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

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  1. [...] Sands' parcel 3 to have 4000-room property Sands China Ltd. has already delivered its development plans for parcel 3 in Cotai to the government. This was confirmed today by the company's chairman Sheldon Adelson. He said during a conference call that Sands China Ltd. has applied to the … Read more on Macau Business [...]

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