Steve Jacobs and Sheldon might be at odds over the design and operations of Lots 5 and 6. Could this explain why "real" construction hasn't yet resumed?
Steve Jacobs is Chief Executive Officer of Sands China Ltd and President of Macau operations for LVS. Mr. Jacobs is very highly regarded in Macau and the investment community. That is why it is disconcerting to hear that he and Sheldon Adelson may have very different views on the design and direction of Lots 5 and 6. We don't know the details but the contrasting views are apparently sharp, so much so that Jacobs could be on his way out. The disagreement could explain the construction delays. Sure, dirt is being moved from one pile to another but the reason why serious work has not resumed remains a mystery.