No request for Cotai Central deadline extension

2013-4-3

From:Macau Business

The Land, Public Works and Transport Bureau has not yet received a request to extend the development timeframe for land being developed by Las Vegas Sands Corp at Cotai, the bureau said in a statement to our sister publication Business Daily.

In a regulatory filing with the Hong Kong Stock Exchange on March 21, Las Vegas Sands’ Macau unit Sands China Ltd said it “expects to apply” to the Macau government for an extension of the May 2014 deadline.

This deadline for completing Sands Cotai Central casino resort on Cotai was set by the administration.

Prior to the initial development of the property, the land was referred to only as Parcels 5 and 6.

The possible extension of the completion timetable relates to the as-yet-unfinished third phase of Sands Cotai Central.

The same filing states there are plans for a fourth tower at the property – to be shared by a St Regis branded hotel and including “mixed use space”.

If the operator does seek and is granted a time extension for Sands Cotai Central, it will be the third time it has successfully asked for more time on its Cotai projects.

Copyright@Macau Business