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Las Vegas Sands Corp. Message Board

  • mrtaxx mrtaxx Mar 22, 2013 8:16 AM Flag

    Sands ‘to apply’ for Cotai Central completion extension


    I believe the last part of SCC to be completed is the St. Regis Hotel/

    The Parisian I believe is in a different area then SCC.

    "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."

    Posted: 3/22/2013 2:09:01 PM

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    • The original renditions of CC were a 4-tower complex. The 4th, St Regis tower was removed from the design when the CC project was suspended in late 2008. They are now adding it back in light of all the cash they have and Parisian being the only, current, pipeline project. St. Regis is also a quick construct since the site is already piled and prepped and doesn't require permitting. It's also desirable given the loss of sites 7 and 8.

      Parisian is on site 3 across the street on the other side of 4-seasons from Venetian.

      Sands is also planning to build a sizable mall on a strip of property they mentioned in the Q3 CC. I'm not sure where that's located. As far as I know, their Hengqin Island aspirations are dead.

      LVS is still the principle applicant for a chunk of land adjacent to Marina Bay on which they hope to build onto the resort. Being right next to MBS, there's huge interest in the property by other developers, but Singapore's regulators prefer integration of the property by a proven developer that will design it to complement the design of MBS... so I anticipate that they'll eventually secure it.


    • They are 2 different entities, St Regis is the last tower, you can see the base in the slide show in the LVS investor relations website.

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