The Macau Metro Monitor, January 29, 2013
ACS: HOCHTIEF STARTS WORK ON ITS BIGGEST PROJECT IN ASIA Eleconomista.es, Macau Business
Hochtief has started construction of Wynn Cotai, according to the company controlled by ACS. This is the largest project that the German construction group has achieved so far in Asia. The company has been awarded the work and implemented through its subsidiary Leighton Asia.
The project is set to be completed in 2016. The contract value is AUD$222 million (MOP1.85 billion), Bloomberg reports today. Among the Macau projects in which Leighton has been involved are Wynn Macau, Wynn Encore, Macau Fisherman’s Wharf and City of Dreams.
NO REQUEST FROM SANDS TO SET UP NEW TABLES: GOVT Macau Business
The head of the Gaming Inspection and Coordination Bureau, Manuel Joaquim das Neves, says he has not yet received any request from Sands China to set up 200 additional tables. Neves said, “The operator has to inform us where it is going to put the tables and when the tables will open. Afterwards, we will conduct an inspection.”
Yesterday, Sands CEO Edward Tracy said some of the new tables would be made available in time for the Lunar New Year holiday, which starts on February 10.
THE PARISIAN BUDGET UP TO US$2.8 BILLION: CEO Macau Business
The cost of the French-themed casino resort The Parisian, the next Sands China Ltd project planned for Cotai Parcel 3, is likely to be at least US$2.8 billion (MOP22.4 billion), Sands CEO Edward Tracy said yesterday. This figure is up from the September estimate of US$2.5 billion given by Michael Leven, the president and COO of LVS.
He added that construction on The Parisian is likely to start in the second quarter of this year, and would take about 36 months to construct and complete.
In the meantime, Tracy also said that LVS has hired three former FBI agents to strengthen its fight against money-laundering, one of them has already been working in Macau for about one month.