Going forward, we expect the company to continue to do well at the Cotai strip.
Galaxy Entertainment Group began the expansion of the Galaxy Macau in the Cotai district this year.
In October, SJM won a land grant from the government to build its first casino resort on Cotai.
It also expects to complete another project on the Cotai Strip by 2014.
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Las Vegas Sands built its Venetian Macao casino-resort in Cotai and Wynn Resorts has received approval to break ground there, too.
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The company is currently constructing a 6, 400-room complex at the COTAI STRIP, which will feature the Shangri-La, Traders, Sheraton, and St.
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The company is focusing on integrating its various Macao properties including Sands Macao, Sands Cotai Central, Four Seasons and The Venetian.
Sheldon Adelson, the Las Vegas Sands Corp. chairman, recently opened the Sands Cotai Central, making it the 35th casino in Macau.
After completing the next phase of development, he estimates Galaxy Macau would still have about half their land plot on Cotai available for future development.
Steve Wynn, the chairman of Wynn Resorts, just joined the boiling-hot competition in Cotai, receiving formal approval of a land transfer to construct his 51-acre resort.
Located on the Cotai Strip, the Galaxy Macau will almost double in size after the second phase of construction is completed in mid-2015, with the addition of 450, 000 square meters of space.
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The Sands Cotai Central, a casino resort, is scheduled to open in 2012 with 300, 000 square feet of gaming space and 5, 800 rooms from Holiday Inn, Sheraton and Conrad, said Mabel Wu, senior press officer at Sands China.
The latest data from Macao shows September gaming revenues could grow 18% to 22% year-over-year, and the opening of the Sands Cotai Central Phase II on September 20 could introduce upside risk to that estimate, according to Nomura.
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Going forward, Las Vegas Sands plans to expand its operations in Cotai, which will boost its casino revenues that is riding the boom of a burgeoning middle class and a growing number of high net worth individuals (HNIs) who love to gamble.
On the face of it, Las Vegas Sands appears as the clear winner: the phased opening of 2, 000 additional rooms and 200 tables by the second quarter, coupled with a full year of Sands Cotai Central revenues should trickle down to the bottom line.
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In fact, Macau draws so many punters that casinos are literally rising from the sea: the Venetian and the Plaza anchor a development known as the Cotai Strip, built on a five-kilometre piece of reclaimed land that links the two Macanese islands of Coloane and Taipa.
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