The Macau Metro Monitor, September 13, 2011
GOV'T 'YET TO MAKE FINAL DECISION': WYNN CLINCHES COTAI CONCESSION Macau Daily Times, SCMP
In an official statement, DSSOPT (Land, Public Works and Transport Bureau) said Wynn's request for a land concession was currently being reviewed and the Administration has yet to make a final decision. DSSOPT added that the procedures concerning this request have yet to be fully completed.
Within 15 days of the land grant being published in the govt gazette, Wynn Macau will also pay US$50MM to a Macau company, Tien Chiao Entertainment and Investment, in exchange for it relinquishing rights to the Cotai site, under an agreement disclosed in Wynn Macau's 2009 listing prospectus.