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Sands China Postpones Macau Resort

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casino_2 August 27, 2010 (Chinavestor) Sands China (HKG:1928) said it will postpone the opening of its 6,000-room Cotai Strip resort in Macau until the fourth quarter of next year because the company is having a hard time finding capable construction labor. Sands China (HK:1928), the Asian arm of U.S.-listed Las Vegas Sands (NYSE:LVS) will open the second phase of the resort in 2012.

Sands China's (HKG:1928) board approved a $100 million boost to the project's budget with the additional money for improved design and fitting out of the casino and hotel rooms, as well as other costs, according to Bloomberg News.

Separately, Sands China (HKG:1928) said its first-half profit jumped to $250.5 million from $58.3 million a year earlier as revenue surged 32%  to $1.98 billion. The company listed on the Hang Seng in November.

 



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