THE M3: ST REGIS HOTEL; CPI

The Macau Metro Monitor, September 21, 2012

 

 

ST. REGIS HOTEL TO BE READY IN 18 MONTHS: ADELSON Macau Business

Sheldon Adelson announced that Sands China has already received the government’s licence to go ahead with the construction of a fourth hotel tower at Sands Cotai Central.  According to Adelson, the US$450 million (MOP3.6 billion) tower will host a St. Regis hotel, with 460 rooms and serviced apartments.

It is to be ready within 18 months, he said.

 

Also, according to Sands China executives, US$1 billion of the financing for Lot 3 will come from the company’s equity base with the remainder coming from international banks.

 

Adelson confirmed yesterday that the new Pacifica casino at Sands Cotai Central, inaugurated yesterday, opened with no new live gaming tables; instead, the units available there came from Sands China’s existing four casinos.  But Sands China executives said they were confident the government would grant the casino operator 200 new tables next year, once the current 5,500 live table cap expires.

 

CONSUMER PRICE INDEX FOR AUGUST 2012 DSEC

Macau CPI for August 2012 increased by 6.33% YoY and 0.23% MoM.



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