Sands ‘to apply’ for Cotai Central completion extension

Las Vegas Sands Corp says it “expects to apply” to the Macau government for an extension of the May 2014 deadline it was set by the government for completing Sands Cotai Central casino resort on Cotai. According to our sister publication Business Daily, the company has not said how much of an extension it is likely to seek. This will be the third time it has asked for more time for its Cotai project. Sands included the deadline news in its 2012 annual report published yesterday. The government originally gave the company a May 2014 deadline – 48 months from the date the relevant Cotai land concession became effective – to complete Sands Cotai Central. The property is expected to cost at least US$4.2 billion (MOP33.58 billion) when finished. Las Vegas Sands is the parent company of Macau-based gaming operator Sands China Ltd.