‘Casino’ Tag
HKD5 billion redevelopment plan for Fisherman’s Wharf complex
Macau, August 31st (Macau Daily Times)

Upon the merger of Macau Legend Development Ltd (MLD) with Macau Fisherman’s Wharf International Investment Ltd (MFW), a series of redevelopment projects will be launched with a total of HK$5 billion in investment.

Hotel and casino operator Macau Legend announced yesterday that the merger attracted HKD 480 million (USD62 million), a 4% stake of the total investment, from gambling tycoon Stanley Ho’s SJM Holdings Ltd, according to a Wall Street Journal report.

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Source: Macau Daily Times

Wynn Macau, Approval for Cotai Development
Macau, May 1st (Yahoo Finance)

Wynn Resorts, Limited (Nasdaq: WYNN – News) announced today that Wynn Macau’s Cotai land concession contract has been officially approved by the Macau government, paving the way for Wynn to break ground on the 51-acre site.

In Macau today Stephen A. Wynn, Chairman and CEO of Wynn Resorts made the following statement, “Our Company has enjoyed the privilege of being included in the remarkable modern history of our community.

“The official transfer of real estate in Cotai makes possible the commencement of the construction phase, of what will be the single most important project in the history of Wynn Resorts.

“We are mindful of our responsibilities to the citizens and government of Macau and we will remain consistent to the history of our organization by bringing to life a hotel resort in Cotai that will mark a new standard of elegance in the world.

“On behalf of all our employees and shareholders, we offer our thanks to the government for this opportunity.”

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Source: Finance Yahoo

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