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THE M3: MBS SINGAPORE LICENSE; COD CONCESSION EXTENSION; GONGBEI HOURS

The Macau Metro Monitor, April 19, 2013

MARINA BAY SANDS' CASINO LICENSE RENEWED FOR 3 MORE YEARS Strait Times

Marina Bay Sands' casino license has been renewed by another three years by the Casino Regulatory Authority.  The Authority said that it had imposed additional requirements on MBS during this new licence period. While no details were given on what these additional requirements were, the purpose of the requirements was to " institute, strengthen and maintain a rigorous compliance framework that is in line with Singapore's laws and regulations".  MBS' new licence will come into effect from April 26. A CRA spokesman added that MBS' compliance record was one of many factors considered when assessing the licence application.


CITY OF DREAMS' COMPLETION EXTENSION TO GET GREEN LIGHT  Macau Business

MPEL is expecting to be given an extension by the government on the completion deadline for the entire City of Dreams project on Cotai.  Under the current land concession contract, MPEL is still authorized to build an additional four-star apartment hotel at the site. But the company is looking to build one other five-star hotel tower instead.

A deal with the government was struck in March, but it has yet to be published in the Official Gazette. Depending on when gazetting occurs, the deal will give MPEL a new completion deadline, extending it by as much as four years from the original deadline of August 2013.

GONGBEI UNLIKELY TO OPEN LONGER DURING GOLDEN WEEK Macau Business

Gongbei customs post supervisor Lao Ngai Leong said that it is unlikely that the Gongbei border crossing will be opened for two extra hours during the upcoming May 1 Golden Week period, in which many mainland workers get one week off.

During the Ching Ming festival holiday period, from April 4 to 6, the Gongbei crossing opened at 6:00am instead of 7:00am, and closed at 1:00am instead of midnight.  Lao said that for the Gongbei crossing to be open for longer periods during all national holidays, the Zhuhai customs first had to overcome its lack of staff.