Sands to break-ground on parcel three in November

“This property in particular will further enhance our growing MICE (meetings, incentive, conventions, exhibitions) business and will also feature a variety of amenities designed to encourage more families to visit Macau,” Adelson added.

He then said that Sands has already sought approval of its design plans and will soon publicly unveil artist renderings and the key features of the new project, to be located besides the Four Seasons hotel-casino. The parcel three project will be connected to the Venetian Macao via that property’s MICE facilities, according to the press release.

All of the company’s properties in Cotai, including the Venetian Macao and the recently opened Sands Cotai Central, will be connected through a series of indoor and covered outdoor walkways and moving sidewalks.

Earlier this week, Sands China announced that the government had extended the company’s deadline for the completion of its project on parcel three until April 2016. The previous deadline was April 2013.

Today’s edition of English-language newspaper Business Daily reports that the company will have to pay a nominal fine of us$ 112,500 for being unable to develop the parcel by the original deadline.