Sands China in Talks to Delay Parcel 3 Macau Resort Deadline
This article is for subscribers only.
Las Vegas Sands Corp. is seeking more time to build a planned casino resort in Macau that has yet to break ground less than a year from the deadline for its completion under a government land permit.
The casino operator’s subsidiary, Sands China Ltd., is in talks to get an extension of the April 2013 time limit the government set to develop a plot called Parcel Three after granting property to build the resort, Melina Leong, a spokeswoman for the company said in a phone interview. The company said in a May U.S. Securities & Exchange Commission filing that it planned to seek the extension.