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News Summary: Sands' Macau apartments get OK

The Associated Press

APARTMENT SALE: Billionaire Sheldon Adelson's Chinese casino company received long-awaited approval from the Macau government to sell apartments next to its flagship casino in the Asian gambling enclave.

POTENTIAL INCOME: Union Gaming Research forecast the company would raise $775 million by selling up to 300 apartments in the 30-story building, which would be branded and serviced by Four Seasons.

SANDS IN CHINA: Sands has four casino-resorts in Macau, a former Portuguese colony. The company is building another resort there based on a "Parisian" theme.