The Macau Metro Monitor, April 2, 2013
BEIJING TO BAN TOURISTS VISITING MATSU Commercial News
Taiwan Affairs Office of China's State Council and China National Tourism Administration have taken measures on anti-gaming to Taiwan authorities, stating that the Chinese government will ban Mainland tourists from visiting Matsu through the "mini three links" policy once Matsu opens gaming business. However, Matsu has no plan to stop its legislation process for gaming or change its policy of opening gaming sightseeing on the outlying island. Relevant authorities of Matsu reckoned that investors who intend to invest in gaming business in Matsu should seek to attract global customers rather than simply just targeting Mainland visitors.
'NO REQUEST YET' FOR SANDS COTAI CENTRAL DEADLINE EXTENSION: GOVT Macau Business
The Land, Public Works and Transport Bureau has not yet received a request to extend the development timeframe for land being developed by LVS. In a regulatory filing with the Hong Kong Stock Exchange on March 21, Sands China Ltd said it “expects to apply” to the Macau government for an extension of the May 2014 deadline. This deadline for completing Sands Cotai Central casino resort on Cotai was set by the administration.
The possible extension of the completion timetable relates to the as-yet-unfinished third phase of Sands Cotai Central. The same filing states there are plans for a fourth tower at the property – to be shared by a St Regis branded hotel and including “mixed use space”.
MARCH GGR DICJ
Macau gross gaming revenues grew 25.4% YoY in March to 31.336 BN MOP (30.42 BN HKD, 3.92 BN USD)