THE M3: MELCO COTAI LAND PREMIUM; HOUSE OF DANCING WATER; 10K WORKERS NEEDED; IMPORTED WORKERS

The Macau Metro Monitor, September 16th 2010

MELCO TO PAY AN EXTRA 257M PATACAS IN PREMIUM SCMP

MPEL will need to pay an extra 257 million patacas in land premium after the Macau government revised the land grant for CoD.  The fee is on top of the 842 million patacas premium payable under Melco Crown's 2008 land grant.  It was revised to allow a bigger, yet-to-be-developed apartment-hotel tower of 140,000 square metres, up from 106,000 sq.metres.

MACAU'S HOUSE OF DANCING WATER WILL BE PROFITABLE "IN A FEW YEARS TIME": LAWRENCE HO macaubusiness.com, SCMP

CEO Lawrence Ho says HDW will be profitable in a "few years time".  Ho added that the HDW event is helping the company gain brand recognition.  HDW is set to open to the public tomorrow, after a special VIP preview scheduled for today.

MACAU'S TOURISM SECTOR WILL NEED 10,000 NEW WORKERS NEXT YEAR: GOVERNMENT macaubusiness.com

The director of the Macau Government Tourist Office, João Manuel Costa Antunes, says the local tourism industry will need 10,000 new workers in 2011 if all the projects in the pipeline open as scheduled.

IMPORTED WORKERS ON THE RISE macaubusiness.com

The number of imported workers has increased for the second month in a row, after almost two years of decline.  In July, the total number of non-resident workers in Macau stood at 72,209, slightly up by 67 people in comparison with the previous month.