The Macau Metro Monitor, April 11, 2012
SANDS PLANS GLOBAL CASINO PUSH ON SPAIN, ASIA INVESTMENTS Bloomberg
LVS chairman Adelson said his Asian business is seeking Macau government approval for an added 3,600-room casino hotel. He also plans to spend $35 billion on building Spanish gambling resorts over nine years, building 12 resorts in three phases, each featuring 3,000 rooms intended to attract Eastern European and Russian visitors. Adelson said with ongoing negotiations with the Spanish government, it will be decided in the next two to three months whether the strip will be in Madrid or Barcelona. Adelson added that the company’s total investment may amount to as much as $15 billion in Macau, including spending on existing properties and the new location announced today in the territory.
TOUR GROUPS NOT INCREASING DURING EASTER HOLIDAY Macau Daily News
The Director of Travel Industry Council of Macau said that Macau's tourism sector was not encountering rapid growth during this Easter holiday as many people from Hong Kong opted for short-haul travel. With Sands Cotai Central opening on April 11, the increase of guest rooms is believed to help stabilize room rates and attract more package tourists as well as individual tourists.