Las Vegas Sands (LVS) Granted Extention on Parcel 3 in Macao
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Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 4.7%
Revenue Growth %: +19.6%
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Las Vegas Sands Corp. (NYSE: LVS) disclosed an extended deadline was granted on Parcel 3 in Cotai, Macao.
From the Filing:
As previously reported, the deadline for Sands China Ltd., a subsidiary of Las Vegas Sands Corp. with ordinary shares listed on The Stock Exchange of Hong Kong Limited, to complete SCL's development of Parcel 3 in Cotai, Macao was April 2013 and SCL intended to apply for an extension from the Macao Government of that deadline. SCL made that application in February 2012.
On July 16, 2012, SCL announced that on July 13, 2012, the Macao Government informed SCL that, by a decision of the Secretary for Transportation and Public Works, the extension of the construction period relating to Parcel 3 was authorized up to April 17, 2016. SCL also was informed that it will be notified about the penalty amount which shall be payable by SCL due to the delay of the construction period. SCL’s announcement is attached as Exhibit 99.1 to this report and is incorporated by reference into this item.
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From the Filing:
As previously reported, the deadline for Sands China Ltd., a subsidiary of Las Vegas Sands Corp. with ordinary shares listed on The Stock Exchange of Hong Kong Limited, to complete SCL's development of Parcel 3 in Cotai, Macao was April 2013 and SCL intended to apply for an extension from the Macao Government of that deadline. SCL made that application in February 2012.
On July 16, 2012, SCL announced that on July 13, 2012, the Macao Government informed SCL that, by a decision of the Secretary for Transportation and Public Works, the extension of the construction period relating to Parcel 3 was authorized up to April 17, 2016. SCL also was informed that it will be notified about the penalty amount which shall be payable by SCL due to the delay of the construction period. SCL’s announcement is attached as Exhibit 99.1 to this report and is incorporated by reference into this item.
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