The Macau Metro Monitor, February 6, 2012
TWO COTAI GRANTS TO BE APPROVED Macau Daily Times
Two of three Cotai land grant applications could be approved within this year, Lands and Public Works Bureau (DSSOPT) director Jaime Carion said. WYNN, SJM, and MGM have all submitted applications for a land concession in Cotai.
Carion stressed that the approval process of these projects was difficult, especially when it comes to the calculation of land premiums, overall construction area and fire safety hazards. “In terms of the proposal the operators submitted to the government, they have to be do-able technically, architecturally and legally – then we enter the approval process,” Carion explained.
MBS, RWS FINED FOR NOT COMPLYING FULLY WITH SOCIAL SAFEGUARD REQUIREMENTS Today Online
The Casino Regulatory Authority of Singapore (CRA) has fined Marina Bay Sands S$255k and Resorts World Sentosa S$130k for breaching the Casino Control Act from Oct 28, 2010 to April 30, 2011 and from Aug 15 2010 to April 30, 2011, respectively. RWS was also separately censured for five cases of similar breaches.
The breaches include the failure to prevent Singapore citizens and permanent residents without valid entry levies, miniors and those with an exclusion order from entering and/or remaining on the casino premises.
INTERNATIONAL VISITOR ARRIVALS BY REGION/COUNTRY OF RESIDENCE STB
Singapore visitor arrivals rose 6.4% YoY in Nov 2011, the lowest monthly visitor growth since Oct 2009. Mainland China visitors grew 7% in Nov 2011.
