THE M3: LAND LAW; S'PORE AIRPORT DATA; RUSSIA VISA; ANGELA LEONG

The Macau Metro Monitor, December 15th, 2010


GOVERNMENT SAYS NO MORE DIRECT LAND GRANTS TO CASINOS Macau Daily Times, Intelligence Macau

According to the Land, Public Works and Transport Bureau (DSSOPT) director Jaime Carion, there will be no more land plots granted for casino projects without a public tender once the new Land Law comes into effect.  The second public consultation for the law revision begins today and will continue until the end of January.

 

The new Land Law will focus on "economic diversification". Carion said,  “We are looking for integrated family-friendly resorts, where the whole family can come and have fun together.  It is believed that the plots of land already granted to SJM, WYNN, and MGM, were awarded without a public tender and will not be affected by this decision.  But IM believes unless a Cotai project has a clear non-gaming focus, it would be difficult to approve that project anytime soon.

 

José Pereira Coutinho, a lawmaker, believes the new Land Law will be enforced in 2012, at the earliest. 


NOVEMBER PASSENGER DATA Changhi Airport Group

The number of passengers arriving into Singapore's Changhi airport rose 7.7% to 3,623,080 in November. It is a sequential slowdown from October's 7.9% YoY growth in number of passengers.

 

MSAR, RUSSIA MULL VISA EXEMPTION Macau Daily Times

On December 7, the Macau government held a discussion with the Russian Federation Delegation led by director of the Consular Department of the Ministry of Foreign Affairs, Andrey Karlov, in regard to the text of the mutual visa exemption agreement.  During a 2011 Policy Address session, Secretary for Security, Cheong Kuoc Vá, announced for the first time that the SAR was planning to relax the visa rules to Russia, as well as to loosen rules for Russian passport holders to enter Macau.  The agreement is expected to be reached in 2011.


NO.4 GENS 4BN Intelligence Macau

Stanley Ho gave all of his direct shares in SJM to his fourth wife, Angela Leong On-kei.  The shares are valued around HK$4BN, which would raise her stake in SJM to 8%.


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