The Macau Metro Monitor. November 17th, 2009.
LAS VEGAS SANDS TO PAY MACAU wsj.com
A document filed Monday with the SEC revealed that LVS has agreed to make an initial payment to the Macau government of MOP 700 million, or about US$90 million, for the land on which it is developing its new megaresort on the Cotai strip. Construction on Lots 5&6 was halted last year but, under the terms of the new deal, the company now has 48 months to complete development of the site.
