Plots 7 and 8
Sands China’s application for Cotai plots 7 and 8 was submitted after a freeze on gaming land concession was announced back in 2008, secretary for Economy and Finance, Francis Tam Pak Yuen, explained on 15 December 2010 on the sidelines of a meeting at the Legislative Assembly. On the other hand, the three gaming operators Wynn Macau, MGM Macau and SJM Holdings who are yet to be granted plots in Cotai have filed applications before that policy was stated. As such it’s likely the land concession requests of will be approved, the secretary said. But the Land, Public Works and Transport Bureau (DSSOPT) director Jaime Carion told local media on Thursday 16 December 2010 that the plots 7 and 8 in Cotai will not be granted to either gaming operators SJM Holdings or Sands China. After the Government snub, Las Vegas Sands (LVS) has dropped its interest in developing plots 7 and 8 in Cotai. “If somebody else builds on 7 and 8, I will be happy. Happier than if I were going to build on it,” LVS chairman Sheldon Adelson said at the Bank of America Merrill Lynch Global Gaming Conference in Las Vegas, on 9 January 2011.
Read more about this topic: Cotai Strip
Famous quotes containing the word plots:
“Nothing aids which may not also injure us.
Fire serves us well, but he who plots to burn
His neighbor’s roof arms his hands with fire.”
—Ovid (Publius Ovidius Naso)