THE M3: MACAU PENINSULA/COTAI; OKADA DOCUMENT REQUESTS

The Macau Metro Monitor, May 18, 2012

 

 

MACAU PENINSULA OPERATIONS NOT AFFECTED AFTER GAMING SHIFTS TO COTAI Jornal Va Kio, Macau Business

Macau Secretary for Economy and Finance Francis Tam says with the focus of the gaming industry shifting towards Cotai, this does not mean there are hotels and casinos that will withdraw from the Macau Peninsula.  Tam believes casino operators will still develop their business in the Macau Peninsula and seek for more development opportunity in Cotai.  Tam also said that the fact that Wynn Macau received approval for its Cotai project does not mean gaming will totally shift away from the peninsula, even though there is evidence, he says, that the gaming industry is gradually moving to Cotai.

 

The government is now working closely with the casino operators to study the move to remove slot machines parlors out of residential and non-business area after the introduction of administrative regulations.  In addition to the schedule of removing slot machines from residential areas, Tam believes once the related rules and regulations have been completed, it can be implemented prior to the change of the government in 2014.  There are only two slot machine parlors in residential areas: the SJM Yat Yuen Canidrome Slot Lounge in Fai Chi Kei and Mocha Marina Plaza parlour in Rua de Pequim.

 

COURT ASKS MORE DETAILS ABOUT OKADA'S REQUEST Macau Business, Bloomberg

Clark County District Court Judge Elizabeth Gonzalez has allowed Mr. Okada to amend his request for more WYNN documents.  Earlier, Okada’s attorneys had requested that WYNN turn over records related to, among other things, the company entertaining and spending money on Macau officials in connection with its acquisition of a casino license in 2002.

 

The judge set a for June 28 hearing date to decide which, if any, documents WYNN should produce for Okada.


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