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THE MACAU METRO MONITOR, JANUARY 29, 2014

MELCO CROWN WINS MORE TIME FOR COD WORK Macau Business

Secretary for Transport and Public Works Lau Si Io has approved a new deadline for MPEL to complete the CoD resort.  Changes to the land concession announced in today’s Official Gazette give Melco Crown the right to build another five-star hotel at the site instead of an apartment hotel, and up to four years to complete the work. The company will pay a land premium of MOP187.1 million (US$23.3 million).

LUI SETS GALAXY'S COURSE FOR HENGQIN ISLAND Macau Business, Bloomberg

Galaxy chairman Lui Che-woo says his company may invest HK$10 billion (US$1.3 billion) in sport-related facilities and hotels on Hengqin Island.  The company plans to quadruple the size of its existing Galaxy Macau resort on Cotai, Asia’s equivalent of the Las Vegas Strip, by 2018.