Las Vegas Sands......beobachten
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ArtScience Museum's opening treat
THE ArtScience Museum at the Marina Bay Sands integrated resort, the biggest private museum here, is opening with a bang.
http://www.straitstimes.com/BreakingNews/...tory/STIStory_635620.html
MGM und Wynn im minus.
Ein stetes Wachstum ist ein beständiges, alte Börsenregel.
in Singapore:
http://www.finanznachrichten.de/...to-expand-singapore-casino-020.htm
Sheldon ist unermüdlich bemüht, uns seinem Ziel $ 75 näher zu bringen.
The decision to reject Sands China’s application for the Cotai plots 7 and 8 was “not-discriminatory,” US consul general for Hong Kong and Macau, Stephen Young, said yesterday. “We want a level playing field, equal opportunities for foreign investors. We are of the opinion that is being presented,” he said after a meeting with the president of the Legislative Assembly, Lau Cheok Va.
Last December, the Government rejected an application from local gaming operator Sands China for plots 7 and 8 and also dismissed interest from rival operator SJM Holdings. The decision was made even though Sands China, subsidiary of US-based Las Vegas Sands, claims to have already invested around USD 162 million (MOP 1.29 billion) in the two sites.
“My sense is that this policy is not discriminatory but is intended to regulate the growth of the economy and the industry in general,” Young said. “There’s not some sort of special conditions that prejudice foreign investment. If you talk with foreign operators, they feel they are fairly treated,” he added.
The relationship between the US and Macau “has really changed in the last 8 years due to the expansion of the gaming industry,” the diplomat said. Gaming operators Las Vegas Sands, Wynn or MGM “saw an opportunity” and “have put a lot of effort into participating in this expansion,” he praised.
“I think that has been pretty successful. We are very pleased by that,” Young acknowledged. Still, he added, “our responsibility is to understand both the opportunities and the challenges”.
Labour shortage
In November last year, the US consul general urged the Macau Government to better protect the rights of all foreign investors, saying that all foreign investors should be “treated fairly and in a transparent manner”. He also called on the Administration to handle foreign companies’ requests to secure labour quotas for projects fairly and in a transparent manner.
“I have often spoken with Chief Executive [Fernando] Chui [Sai On] and they are very aware of this issue [labour shortage],” Young said yesterday. “The question is: are there local people capable of doing the job or do you have to bring them from elsewhere?” he stressed.
“As long as the labour policy if focused on that and is not artificially favouring people who are not skilled to do the job, that’s good,” the diplomat said. The local Government “has said that, where skills are not available in Macau, the companies will be allowed to hire people from elsewhere. If that continues, everyone will be in good change,” he emphasised.
Almost a year after being appointed as US consul general for Hong Kong and Macau, Young visited the Legislative Assembly for the first time. “It’s important for us to understand what they do. President Lau was very instructive on issues from taxation to budgets and, of course, the expansion of Macau into Hengqin Island,” he said.
Macau and Zhuhai authorities are set to develop Hengqin island together, with projects such as the new University of Macau campus and the Chinese Medicine Technology Industrial Park. “It’s a very interesting project,” the diplomat said.
http://www.macaudailytimes.com.mo/macau/...discriminatory-consul.html
6:05a ET February 17, 2011 (Dow Jones)
3rd UPDATE: Las Vegas Sands Mulls EUR15 Billion Casino Resorts In Spain
(Recasts lede, adds background.)
By Sam Holmes
Of DOW JONES NEWSWIRES
SINGAPORE (Dow Jones)--Las Vegas Sands Corp. (LVS) is looking to create a set of casino and leisure resorts in Spain similar to the facilities it currently has in Macau in a development that could cost as much as EUR15 billion, the gaming group's chairman said Thursday.
Sheldon Adelson named Barcelona and Madrid as potential locations for the "mini-Las Vegas" style developments. He's keen to build more than 20,000 rooms and "millions of square feet" of retail and convention and exhibition floorspace in a project that could generate as much as 180,000 new jobs, he said.
"This will cost EUR10 billion to EUR15 billion...and we need the support of the (Spanish) government," Adelson told reporters at a meeting at the grand opening of the US$5.5 billion Marina Bay Sands integrated resort in Singapore.
He said the group is due to hold meetings with three general contractors in two weeks' time in Spain to discuss possible plans to build several sites simultaneously.
In Macau, Hong Kong-listed Sands China Ltd. (1928.HK), a subsidiary of Las Vegas Sands, runs three casinos including The Venetian Macao--the world's largest---and has plans to open an even bigger casino-resort across the street.
However, government-imposed steps to curb employment in the sector in Macau will likely see the start of that project, dubbed "sites 5 and 6," delayed until 2012, say analysts.
In December, the company's expansion plans were dealt another blow when the local government rejected its plans to build on another plot of land in Macau's lucrative Cotai area.
Adelson also identified India and Vietnam as markets of interest to the group but flagged current government regulations as too restrictive for any immediate plans.
The group in April last year opened the doors of its Singapore resort, which has since drawn more than 11 million visitors.
Adelson earlier in the day said he is keen to acquire more land in Singapore to accommodate the burgeoning demand for the integrated resort's meetings, incentives, conventions and exhibitions, or MICE, facilities.
"We are already running out of MICE space," he said at a briefing at the full opening of the integrated resort.
"I've told the government that we need some more land to expand the MICE space because the demand that this property is going to create is rapidly bringing us to the point where we may even have to ration space."
He said Marina Bay Sands' MICE facilities are currently running at 87% capacity and that "within about 12-to-18 months" the complex will be "rationing space" to potential users.
He would like to at least double the resort's current 120,000 square meters of MICE space but said he would be happy to increase the current capacity by 50%.
Las Vegas Sands Chief Operating Officer Mike Leven said there is land available at various points around the resort's current location that the group could potentially use to expand its business.
"Demand is going to be higher than supply shortly as the entire hospitality industry is running over 80% occupancy," Leven said.
Turnover in Singapore's nascent gaming market has exceeded expectations with some analysts valuing the sector around US$6 billion in 2010 and expecting revenues to rival those of the Las Vegas strip by next year. Similarly, official figures released last week show the city-state earned S$18.8 billion in tourism receipts in 2010, beating the government's S$17.5 billion to S$18.5 billion forecast, due largely to strong visitorship to the Marina Bay Sands and the Resorts World at Sentosa integrated resorts.
Adelson said he expects the Marina Bay Sands to break even within four years of operations.
Leven also said a report on the search for a new chief executive for the Singapore integrated resort is due Friday.
In late January, Marina Bay Sands Chief Executive Tom Arasi resigned for personal reasons. Arasi's resignation came 18 months after he joined and less than one year after the integrated resort opened its doors to the public.
Earlier this month, Las Vegas Sands appointed George Tanasijevich as interim chief executive of Marina Bay Sands, a person Adelson said is a potential candidate for the permanent position.
-By Sam Holmes, Dow Jones Newswires; +65 64154 152; samuel.holmes@dowjones.com
--Kate O'Keeffe in Hong Kong contributed to this report.
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/nae/al?rnd=S8m0v%2FE8KGfYTCgPHc1R6A%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
02-17-11 0605ET
Copyright (c) 2011 Dow Jones & Company, Inc.BT201102170029132011-02-17 11:05:00.0000S6JV0DFUTKFT5VGP51KE2LL5RDJNF
http://research.tdameritrade.com/public/stocks/...FUTKFT5VGP51KE2LL5R
danach
Bau eines Casino Resorts in Spanien
danach
Bau eines Casino Resorts in Indien
*** STRONG BUY UP TO $100 ***
billionaire Chief Executive Officer Sheldon Adelson said at
a briefing in Singapore today. "We need all the land we can get.
We are burnded by our own success."
http://www.bloomberg.com/news/2011-02-17/...t-of-room.html?cmpid=yhoo
*** STRONG BUY UP TO $100 ***
$48.42 (+0.31%)
http://data.cnbc.com/quotes/lvs
Now, Adelson is eyeing Spain. According to the Agence France-Presse wire service, the mogul is betting on establishing a "Euro Vegas."
He told the Foreign Correspondents Association in Singapore that Las Vegas Sands is talking to officials from Barcelona and Madrid to establish a strip of casinos.
"I want to do a mini-Las Vegas in Europe. I hope we could use the name 'Europe Vegas' or 'Euro Vegas' or something," AFP quoted Adelson as saying.
"I want to build like 20,000-plus rooms and millions of square feet of shopping and MICE space," he added. That means meetings, incentives, conventions and exhibitions.
Adelson said the project would cost more than $10 billion. It's not clear whether he aims to own all the casinos, but he's talking about a strip, like a mini-Vegas.
Readers, what do you think? There's a Euro Disney(Disneyland Paris) after all. Would you visit a Euro Vegas?
Posted Feb 17 2011 6:17PM
http://travel.usatoday.com/destinations/...egas-in-the-cards/143561/1
Ich finde es jedenfalls absolut beeindruckend, was Sheldon noch für Pläne !