THE M3: MBS WANTS MORE LAND; JACOBS SUIT; JUNE UNEMPLOYMENT

The Macau Metro Monitor, July 27, 2011

 

 

MARINA BAY NAMES TOP EXECUTIVES WSJ, Business Times

According to a source, MBS has named George Tanasijevich CEO of Marina Bay Sands and Benny Zin its COO.  Tanasijevich had been MBS's interim CEO following the sudden resignation of Tom Arasi from the position in January.  Zin, who had been serving as interim COO, was Marina Bay Sands' VP of meetings, conventions and exhibitions.

 

In a separate article, MBS has again called on the Singapore government to make available several adjacent plots of land which are currently not on the reserve list and not positioned to go through the public tender process.  "The ramp-up here in each of our business lines has been very rapid. We want to be ahead of the demand to make sure that we're not constrained as we continue to progress and build our business," said Tanasijevich. 

 

JUDGE REJECTS SANDS' CALL TO HOLD JACOBS SUIT Macau Daily Times

Judge Elizabeth Gonzalez said the Jacobs case will proceed as she turned down a request to put the suit on hold.  Last week, Sands China attorneys had asked to freeze the lawsuit while an appeal was ongoing.  The appeal to the Nevada Supreme Court was filed last May, asking for the lawsuit to be dismissed.

 

 

EMPLOYMENT SURVEY FOR APRIL - JUNE 2011 DSEC

Unemployment rate for April-June 2011 was 2.7%, up slightly by 0.1% point over the previous period (March-May 2011).  Total labor force was 338,000 in April-June 2011 and the labor force participation rate stood at 71.6%, with the employed population increasing by about 800 over the previous period to 329,000.


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