The Macau Metro Monitor, September 20, 2011
STUDIO CITY 'MUST APPLY' FOR GAMING TABLES Macau Daily Times
Secretary Tam said that MPEL will have to submit an application to the government in order to include gaming amenities at Macao Studio City.
WYNN COTAI 'NOT YET APPROVED': Francis Tam Macau Daily Times
Secretary Tam said, " Wynn Macau’s land concession in Cotai has not been approved yet. Companies may release their news, and the news should correspond to reality. Anyhow, these news release won’t affect the process...The process of reviewing land concession requests follows specific rules....The government has already said that land concession requests for gaming projects filed before 2008 would be approved. But those submitted after 2008 would not. Wynn is one of the operators that filed the request before that timeline...Some land in Cotai has not yet been granted, but that will likely happen in five-year’s time. The government did not say it would not approve [Wynn’s land request], but the final decision is not official yet.”
MACAU GOVT TO LIMIT GAMING TABLES GROWTH TO 3% PER YEAR AFTER 2013 Macau Business
Secretary Tam said the Macau Government would cap gaming table growth to 3% after 2013. The restrictions will last at least 10 years until the current gaming concessions expire.
SANDS SUES JACOBS FOR INFORMATION Macau Business
LVS filed a lawsuit against Steven Jacobs alleging he misappropriated trade secrets. This is the 1st time LVS has directly sued Jacobs in Nevada.
