Sands Puts Faith In Macau Projects 18th of June 2010
Sheldon Adelson of Las Vegas Sands has announced that he sees Macau casino revenues naturally increasing by 30% in the second half of this year. He has also confidently remarked that their latest constructions are on target for completion in the third quarter of 2011. Addressing a shareholders meeting, Sheldon Adelson has continued to put faith in all of Macau describing the casinos revenue there as ‘easy income’.
Construction for the Cotai project has yet to commence with investors nervous over the company’s optimism. New labour restrictions have made construction slower with contractors from China now more difficult to source. Financing has been improved for the new expansions which will include two casinos, retail precinct and conference rooms.