• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

LVS says has permits needed to finish The Parisian

Dec 22, 2014 Newsdesk Latest News, Macau, Top of the deck  


LVS says has permits needed to finish The Parisian

Las Vegas Sands Corp announced on Sunday U.S. time – Monday Macau time – that its majority-owned subsidiary Sands China Ltd has “received the Macau government approvals needed to complete the construction” of its US$2.7 billion Paris-themed casino resort The Parisian.

In a quarterly filing in August, Las Vegas Sands Corp said construction of the Parisian Macao was “pending receipt of certain government approvals”.

The companies’ chairman Sheldon Adelson said in a statement accompanying the latest announcement: “From the moment we put our first shovel in the ground we have been committed to helping Macau secure its future as a centre for leisure, business and entertainment.”

China’s President Xi Jinping reiterated on his official visit to the city at the weekend the need to diversify Macau’s economy beyond gambling.

Mr Adelson said in Sunday’s statement: “Our investment has provided tens of thousands of new jobs in areas such as retail, entertainment and hotel operations. We’ve enabled local companies and suppliers to grow their businesses and we’ve helped the government expand its tax base and diversify its economy. The Parisian Macao is 100 percent consistent with that vision…”

The company didn’t specify when the resort would open. But in commentary at the time of the parent’s third quarter earnings announcement in mid-October, Mr Adelson and his management team indicated the Parisian Macao would have a soft opening – of hotel rooms only – in November or December 2015, and a full opening, including the casino, in March 2016.

On September 5, a statement to GGRAsia from Macau’s Land, Public Works and Transport Bureau (known by its Portuguese acronym DSSOPT) said that Sands China had up to that point only received permits for foundation works and construction of the podium area of the resort.

Works were suspended in June following an on-site work accident and remained “partially suspended” as of September 5, DSSOPT had told us.

Lau Si Io, previously Secretary for Transport and Public Works and who oversaw the bureau – which is responsible for issuing casino construction permits – stepped down this month. It was part of a general government reshuffle for the second and final five-year term of Macau’s Chief Executive Fernando Chui Sai On.

Mr Chui named Raimundo Arrais do Rosário – an engineer and previously Macau’s head of mission to the European Union and the representative in the office in Lisbon – as the new person to oversee the DSSOPT.

On November 11, Ambrose So Shu Fai, chief executive of rival Macau casino operator SJM Holdings Ltd – which is building a new resort on Cotai called Lisboa Palace – told GGRAsia: “There have been quite a number of delays there [on Cotai]. And we hope that they [the new secretaries] having gained experience from the past, could speed that up.”


  • tweet
Related articles
  • Yokohama announces RFP timeline for casino bid
    Yokohama announces RFP timeline for...

    Jan 22, 2021  

  • Londoner Macao first phase launch Feb 8 says Sands China
    Londoner Macao first phase launch Feb 8...

    Jan 21, 2021  

More news
  • Hoiana official opening scheduled for 2H 2021: UBS
    Hoiana official opening scheduled for...

    Jan 25, 2021  

  • Philippines to add POGOs to AML law to avoid FATF grey list
    Philippines to add POGOs to AML law to...

    Jan 25, 2021  


Latest News

Hoiana official opening scheduled for 2H 2021: UBS

Hoiana official opening scheduled for 2H 2021: UBS

Jan 25, 2021  

Brokerage UBS Securities Asia Ltd says in a recent note that the official opening for the Hoiana resort (pictured in an artist’s rendering), a Vietnam casino complex, is now planned for the second...
Read More
Philippines to add POGOs to AML law to avoid FATF grey list

Philippines to add POGOs to AML law to avoid FATF grey list

Jan 25, 2021  

Okada Manila warns against online casino using its name

Okada Manila warns against online casino using its name

Jan 25, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

"We have estimated that on average, the [daily] visitor arrivals for this year’s Chinese New Year break could turn out to be a bit weaker than for the Christmas holiday period"

Maria Helena de Senna Fernandes

Director of the Macao Government Tourism Office



Most Popular

  • Sands China sixth Macau op to pledge staff extra paymentSands China sixth Macau op to pledge staff extra payment January 21, 2021
  • Londoner Macao first phase launch Feb 8 says Sands ChinaLondoner Macao first phase launch Feb 8 says Sands China January 21, 2021
  • Macau Covid-19 case no bar to mainland travel tiesMacau Covid-19 case no bar to mainland travel ties January 22, 2021
  • Digital yuan eventually for Macau mass bets mulls BernsteinDigital yuan eventually for Macau mass bets mulls Bernstein January 22, 2021
  • Yokohama announces RFP timeline for casino bidYokohama announces RFP timeline for casino bid January 22, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us