It was planning to lease land to build casinos with 3,000 hotel rooms
Sands drops appeal of Macau land bid rejection
(Macau).- The Chinese arm of US company Las Vegas Sands is dropping an appeal against a December 2010 decision by the Macau government to deny it a land concession. Sands China said that the company withdrew its appeal on last May 30.
2012-06-05
Reading time 31 seg
(Macau).- The Chinese arm of US company Las Vegas Sands is dropping an appeal against a December 2010 decision by the Macau government to deny it a land concession. Sands China said that the company withdrew its appeal on last May 30.
The company filed an appeal in January 2011 against the decision by officials in the Asian gambling hub to reject its application for permission to build on two parcels of land in the Cotai district.
The plots, known as Parcels 7 and 8, are near Sands' three other developments in Cotai, including its flagship Venetian casino resort.
Sands was planning to lease the land to build casinos with 3,000 hotel rooms. Cotai is the most rapidly expanding area in the world's most lucrative gambling market.
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