THE M3: FLYOVER APPROVED; MBS SUES 5 GAMBLERS; MACAU UNEMPLOYMENT

The Macau Metro Monitor, December 28, 2011

 

 

FLYOVER FOR COTAI APPROVED Macau Business

A source from the Lands, Public Works and Transport Bureau said the license to build a pedestrian flyover connecting Sands Cotai Central and Venetian Macau was approved in October.  The flyover will be equipped with lifts, regular stairs, rolling stairs and air conditioning.  The flyover will also have direct access to the street on both sides.

 

The construction of a second flyover has also been already agreed upon between Sands China and MPEL to connect the Venetian Macao and City of Dreams.  The project has been submitted to the government and is currently waiting for approval.

MBS HAULS 5 GAMBLERS TO COURT TO RECOVER $7.5MM Strait Times

Marina Bay Sands is suing 5 high-rollers in court for $7.5MM in debt.  Although the amount is relatively small compared to its total revenues, MBS is probably pursuing legal action as a deterrent measure.

 

MACAU EMPLOYMENT SURVEY FOR SEPTEMBER - NOVEMBER 2011 DSEC

Macau's unemployment rate hit another new low at 2.3% for Sept-Nov 2011, down by 0.1% point over the previous period (Aug-Oct 2011).  The total labor force was 345,000 in Sept-Nov 2011 and the labor force participation rate stood at 72.5%, with total employment decreasing by about 1,800 over the previous period to 336,000.

 



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