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  1. Sands China gets approval to delay Macau casino construction

    Posted Jul 17th 2012, 12:00am

    ... Sophie Yu sophie.yu@scmp.com Sands China says the Macau government has given it more time to build a casino resort on a site in Cotai but expects to pay a penalty for the delay. The Macau ... on parcel three to April 17, 2016, from April next year. The government informed the casino operator in a letter that it would be notified of the penalty amount due to the construction delay, ...

  2. Time running out for Sands' casino project

    Posted Jul 13th 2012, 12:00am

    ... Sophie Yu sophie.yu@scmp.com Sands China, which operates four major casinos in Macau, is seeking more time to build a gaming resort in the gambling enclave. A subsidiary of Las Vegas casino operator Sands Corp, Sands China has yet to break ground on the planned project- called Parcel Three- in Cotai. The government, which granted Sands China the land for the project, set ...

  3. Casino stocks fall on revenue worries

    Posted Jul 27th 2012, 12:00am

    ... Anita Lam anita.lam@scmp.com Gambling shares have tumbled amid signs that casino revenues in Macau may shrink further in the coming months. Fitch Ratings yesterday slashed its forecast ... of Sands China's Cotai Central casino resort in April would continue to exert pressure on other gaming facilities in the coming months as the market grappled to accommodate the additional ...

  4. Go-ahead for Wynn Cotai casino

    Posted May 03rd 2012, 12:00am

    ... Sophie Yu sophie.yu@scmp.com Casino developer and operator Wynn Macau, a unit of billionaire Steve Wynn's Las Vegas company, says it has received the green light on land for a casino ... It hosts popular mega casinos, including the Venetian and Galaxy, and luxury hotels such as the Four Seasons and Conrad. Sands China opened the first phase of its new project, Sands Cotai Central, ...

  5. VIP bets fuel 24.4pc surge in Macau casino revenue

    Posted Apr 03rd 2012, 12:00am

    ... Sophie Yu sophie.yu@scmp.com Gaming revenue in Macau, the world's largest casino gaming destination, rose 24.4 per cent to 25 billion patacas last month, according to government ... Central, a US$4 billion casino, hotel and shopping complex, on April 11. 'Gaming revenue will rise 4 to 5 per cent month on month,' he said. Fan estimates gaming revenue growth ...

  6. Casino chief says to bet on slower growth

    Posted Dec 16th 2011, 12:00am

    ... Neil Gough in Macau neil.gough@scmp.com Macau's white-hot growth in casino revenue is bound to cool next year, according to a top industry executive. Francis Lui Yiu-tung, ... that when they see 33 per cent it's like the sky is falling down,' he said. Macau's casino revenue shot up 44.1 per cent in the first 11 months of this year on top of last year's ...

  7. Macau casinos still on a hot streak

    Posted Oct 21st 2011, 12:00am

    ... Neil Gough neil.gough@scmp.com Casino developer Steve Wynn says there are no signs yet that Macau's high-stakes gambling volumes are being hit by the broader economic slowdown ... at his 1,000-room, two-tower Macau casino resort rose to a fresh record during the 'golden week' holiday at the start of the month. In the first 18 days of October, Wynn Macau's ...

  8. Galaxy casino takes billion a day in stakes

    Posted Sep 01st 2011, 12:00am

    ... Neil Gough neil.gough@scmp.com Galaxy Entertainment's new Cotai casino hotel saw HK$50 billion in bets on its high-stakes baccarat tables during its first 47 days in business- more than HK$1 billion a day. But despite the boost from the property, which opened in May, the Macau casino operator controlled by the family of property to construction tycoon Lui Che-woo said ...

  9. Casino rivals watch closely as Galaxy Macau opens

    Posted May 15th 2011, 12:00am

    ... Neil Gough in Macau Rivals in the world's largest casino market are watching closely as Macau's biggest casino in two years opens its doors today. The HK$15.5 billion Galaxy ... as what's built here is good, Macau will in the long run be a better place to come to and we'll get our share off the top. If a bad place opens- another one of those casinos in [converted] ...

  10. Smart money has massive casino delayed again

    Posted May 05th 2011, 12:00am

    ... Neil Gough Sands China has confirmed what most observers already assumed: the opening of the company's long-delayed US$4.48 billion Cotai casino complex will likely be pushed back again, to the first quarter of next year. The fresh delay is the latest in a series of setbacks for the most expensive and arguably most ambitious hotel project the world's biggest casino ...




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