Leighton bets Macau growth is a sure thing
Written on June 4, 2006 by a2zMacau
June 2, 2006 - LEIGHTON Asia hopes to ride the $25 billion Macau casino boom, according to the Hong Kong-based chief of its northern Asian operations Joe Dujmovic.
In July, Leighton (lei.ASX:Quote,News) is due to hand over the first stage of the $1.4billion Wynn Macau casino, the first big Western-style hotel/casino complex to open since new casino licences were issued in 2002.The company has a contract with its long-time Asian partner, China State Construction, to build the 600-room, five-star hotel, six restaurants, 10,000sqm of gaming space and a 70m-wide man-made fountain opposite the legendary Lisboa.
It has also won a contract for the second stage of the casino, which will include another 8000sqm of gaming space, two restaurants and 3000sqm of meeting space and is due for completion in the first half of next year.
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