Third time it has asked for more time for its project

Las Vegas Sands ‘to apply’ for Cotai Central completion extension

2013-03-26
Reading time 32 seg
(Macau).- Las Vegas Sands 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 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 this week.

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 when finished. Las Vegas Sands is the parent company of Macau-based gaming operator Sands China.

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