Massive Bridge Makes Gaming Easier at Sands
According to press reports from Asia, the Chinese government plans to begin construction on a massive bridge next week to connect two Special Administrative regions of China and the Zhuhai to Macau.
The six lane bridge is being constructed in preparation of the gaming expansion expected when Las Vegas Sands (LVS: 19.73 +4.67%) completes their casino resort project on the Cotai strip.
“We view the news of the bridge announcement as a long-term positive for the Macau market,” Susquehanna Financial gaming analyst Robert LaFleur told investors. “As Las Vegas Sands Corp. resumes construction on the Cotai Strip, more improvements in infrastructure will be needed when a critical mass of properties comes on line.”
The $5.16 billion structure will be jointly funded by the government of Macau, Hong Kong and China and will feature a parking garage for 10,000 vehicles on the Macau side.
The bridge is expected to be completed by 2015; in the meantime gamblers will continue to be transported via high speed fairies.
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