The Macau Metro Monitor, March 5, 2012
SANDS COTAI CENTRAL PHASE TWO TO OPEN IN OCTOBER Macau Business
Sands China CEO Edward Tracy said the second phase of Sands Cotai Central is planned to open in October. He also reconfirmed that Sands Cotai Central’s first phase will open in April, which includes the Conrad and Holiday Inn hotels and the casino. The property’s casino is to include about 140 VIP gaming tables, as well as 200 mass market gaming tables. Sands China plans to add 200 mass market gaming tables by 3Q 2012, Mr Tracy said.
NEPTUNE PROFIT UP Macau Business
Junket operator Neptune Group Ltd. announced a profit of MOP229.7MM for the six month period ended December 2011. The company’s board says this will be a challenging year and that revenue growth may slow down depending on the mainland’s economic performance. “Importantly we will continue to invest in our business, continuing to acquire more VIP room operators’ business in Macau and in other Asian countries,” says Neptune. Previous media reports have stated that Neptune promotes nearly 200 VIP tables across 10 venues in Macau.
AMAX GOES AHEAD WITH GREEK MYTHOLOGY IPO Macau Business
Amax Holdings shareholders voted last week in favor of an IPO of its associate company Greek Mythology (Macau) Entertainment Group Corp Ltd. that controls Macau's Greek Mythology casino. A new holding company, Greek Mythology Holdings Ltd., is to be listed in Hong Kong within two years. Amax Holdings will control a minimum 49.9% interest in the new holding company. The IPO was the course decided on by the board of Amax Holdings in order to recover a disputed stake in Greek Mythology (Macau) Entertainment Group Corp Ltd.