MACAU DAILY TIMES 澳門每日時報

Top Menu

  • Our Team
  • Editorial Statute
    • Code of Ethics
    • Privacy Policy
    • Terms and Conditions
  • Archive
    • PDF Editions
  • Contacts
  • Extra Times
    • Drive In
    • Book It
    • tTunes
    • Features
    • World of Bacchus
    • Taste of Edesia

Main Menu

  • Home
  • Macau
    • Photo Shop
    • Advertorial
  • Interview
  • Greater Bay
  • Business
    • Corporate Bits
  • China
  • Asia
  • World
  • Sports
  • Opinion
    • Editorial
    • Our Desk
    • Business Views
    • China Daily
    • Multipolar World
    • The Conversation
    • World Views
  • Our Team
  • Editorial Statute
    • Code of Ethics
    • Privacy Policy
    • Terms and Conditions
  • Archive
    • PDF Editions
  • Contacts
  • Extra Times
    • Drive In
    • Book It
    • tTunes
    • Features
    • World of Bacchus
    • Taste of Edesia
logo
FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,

MACAU DAILY TIMES 澳門每日時報

  • Home
  • Macau
    • Photo Shop
    • Advertorial
  • Interview
  • Greater Bay
  • Business
    • Corporate Bits
  • China
  • Asia
  • World
  • Sports
  • Opinion
    • Editorial
    • Our Desk
    • Business Views
    • China Daily
    • Multipolar World
    • The Conversation
    • World Views
  • GEG Donates MOP700,000 to Tung Sin Tong to Support Its Annual Fundraising Campaign for the 23rd Consecutive Year

  • 300 restaurants sought for elderly healthy-meal program

  • Over 18,700 childcare subsidy cases approved, MOP546 million paid out

  • Private tutoring center bill passed with patriotism requirement for operators

  • Database of 31,000 elderly residents living alone or in two-person households established

  • Lawmakers call for prevention-first approach as fatal accidents surpass 2025 total

Macau
Home›Macau›Gaming | Deadline for disputed Savan Vegas casino extended

Gaming | Deadline for disputed Savan Vegas casino extended

By -
Thursday, August 4, 2016
100
0

The sale of the troubled Savan Vegas Hotel and Entertainment Complex to Macau Legend Development has been extended to the end of August.
As cited in Macau Legend’s filing to the Hong Kong Stock Exchange, the government of Laos has “agreed to extend the long stop date” for the Initial Project Development Agreement from July 31 to August 31.
In addition, the agreement will automatically be renewed to September if “any of the [present] conditions are unable to be satisfied.”
Macau Legend Development is set to pay USD42 million due to posting several delays for the purchase, as noted in its Agreement with Lao government on May 13.
Macau Legend announced in May that it has received the Lao government’s approval to operate Savan Vegas, along with a right to a 50-year monopoly on casino operations, in three provinces of Laos.
In a separate filing on Monday, the company announced that a concession license for the 50-year monopoly will be issued under the Revised Project Development Agreement.
Under the second agreement, Macau Legend will be allowed to “engage in concession activities, lease the project area, and engage in the operation and management of the project.”

Share this:

  • Share on Facebook (Opens in new window) Facebook
  • Share on X (Opens in new window) X
  • Share on LinkedIn (Opens in new window) LinkedIn
  • Share on WhatsApp (Opens in new window) WhatsApp
  • Print (Opens in new window) Print

Like this:

Like Loading…

Related

Previous Article

Banking | BNU Macau closes half-year with ...

Next Article

Profile | Shipbuilder turns to making model ...

Related articles More from author

  • Macau

    GAMING ALERT | Melco Crown drop undercuts analysts’ buy calls

    Friday, October 31, 2014
    By -
  • Macau

    72-year-old man found dead

    Tuesday, October 6, 2020
    By -
  • Macau

    Zhuhai property market is underestimated, real estate agent says

    Wednesday, January 30, 2019
    By -
  • Macau

    Art Macao to break ground as new type of festival

    Wednesday, May 29, 2019
    By -
  • Macau

    Gaming | Melco Resorts awards Lawrence Ho with USD10m in shares

    Monday, April 12, 2021
    By Lynzy Valles, MDT
  • HeadlinesMacau

    Indonesian consulate takes steps to protect migrant rights

    Monday, December 18, 2017
    By Lynzy Valles, MDT

Leave a reply Cancel reply

You must be logged in to post a comment.

  • Features

    Teens love vacation selfies; adults, not so much

  • Pandemic

    China’s virus cases could have been four times official tally

  • China

    Belt & Road | Malaysia, Singapore to delay, not axe, high-speed rail link

DAILY EDITION

Thursday, November 12, 2026 – edition no. 5073
Thursday, November 12, 2026 – edition no. 5073

Greater Bay

MDT MACAU GRAND PRIX SPECIAL

November 2026
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
30  
« Oct    

Timeline

  • Thursday, November 12, 2026

    GEG Donates MOP700,000 to Tung Sin Tong to Support Its Annual Fundraising Campaign for the 23rd Consecutive Year

  • Thursday, November 12, 2026

    300 restaurants sought for elderly healthy-meal program

  • Thursday, November 12, 2026

    Over 18,700 childcare subsidy cases approved, MOP546 million paid out

  • Thursday, November 12, 2026

    Private tutoring center bill passed with patriotism requirement for operators

  • Thursday, November 12, 2026

    Database of 31,000 elderly residents living alone or in two-person households established

  • Thursday, November 12, 2026

    Lawmakers call for prevention-first approach as fatal accidents surpass 2025 total

  • Thursday, November 12, 2026

    Singles’ Day shopping festival struggles to shake off weak consumer spending

  • Thursday, November 12, 2026

    IAM puts 22 Iao Hon market stalls up for tender

  • Thursday, November 12, 2026

    Gov’t expands automated immigration clearance to Swiss, Belgian nationals

  • Thursday, November 12, 2026

    Beijing’s top prosecutor meets Macau counterpart to discuss legal cooperation

Extra Times

Extra TimesHeadlines

A fiery milestone: Feng Wei Ju’s 20th anniversary tribute to Starworld Macau

To celebrate the 20th anniversary of the iconic Starworld Macau, a special commemorative dinner was hosted at its crown jewel, Feng Wei Ju. Holding two Michelin stars, this esteemed restaurant ...
  • In ‘I Play Rocky,’ a middleweight crowd-pleaser about the making of a classic

    By MDT/AP
    Friday, November 6, 2026
  • Daddy Yankee’s first concept album is a reggaeton love letter

    By MDT/AP
    Friday, November 6, 2026
  • MGM Macau hosts Bocuse d’Or Gala

    By -
    Friday, November 6, 2026
  • A Symphony of Heritage: Reviving the Imperial Feast at Chai Jia Chai

    By Irene Sam, MDT
    Friday, October 30, 2026
  • Recent

  • Popular

  • GEG Donates MOP700,000 to Tung Sin Tong to Support Its Annual Fundraising Campaign for the ...

    By GEG PR
    Thursday, November 12, 2026
  • 300 restaurants sought for elderly healthy-meal program

    By Nadia Shaw, MDT
    Thursday, November 12, 2026
  • Over 18,700 childcare subsidy cases approved, MOP546 million paid out

    By Yuki Lei, MDT
    Thursday, November 12, 2026
  • Private tutoring center bill passed with patriotism requirement for operators

    By Yuki Lei, MDT
    Thursday, November 12, 2026
  • Database of 31,000 elderly residents living alone or in two-person households established

    By Yuki Lei, MDT
    Thursday, November 12, 2026
  • Lawmakers call for prevention-first approach as fatal accidents surpass 2025 total

    By Yuki Lei, MDT
    Thursday, November 12, 2026
  • Singles’ Day shopping festival struggles to shake off weak consumer spending

    By -
    Thursday, November 12, 2026
  • Canidrome may have its days numbered, decision in ‘one or two months’

    By Paulo Coutinho, MDT
    Thursday, May 26, 2016
  • Animal Welfare | Macau: Anima slams Canidrome management for avoiding debate

    By -
    Wednesday, May 4, 2016
  • Editorial | Canidoomed

    By Paulo Coutinho, MDT
    Wednesday, June 1, 2016
  • Animal Welfare | Canidrome presented with ultimatum: close or move

    By Daniel Beitler, MDT
    Friday, July 22, 2016
  • Australia regulator cracks down on alleged exportation of dogs to Macau

    By Paulo Coutinho, MDT
    Friday, June 10, 2016
  • Animal rights | Canidrome: Anima in fresh airline negotiations as Canidrome closure looks more likely

    By Daniel Beitler, MDT
    Friday, May 27, 2016
  • USE OF ENGLISH IN MACAU | A ‘de facto’ official language

    By Catarina Pinto
    Monday, July 6, 2015
  • Contact our Administrator
  • Contact our Editor-in-Chief
  • Contacts
  • Our Team
  • Privacy Policy
  • Terms and Conditions
  • Editorial Statute
  • Code of Ethics
COPYRIGHT © MACAU DAILY TIMES 2008-2026. ALL RIGHTS RESERVED
MACAU DAILY TIMES
  • Home
  • Macau
    • Photo Shop
    • Advertorial
  • Interview
  • Greater Bay
  • Business
    • Corporate Bits
  • China
  • Asia
  • World
  • Sports
  • Opinion
    • Editorial
    • Our Desk
    • Business Views
    • China Daily
    • Multipolar World
    • The Conversation
    • World Views
  • Our Team
  • Editorial Statute
    • Code of Ethics
    • Privacy Policy
    • Terms and Conditions
  • Archive
    • PDF Editions
  • Contacts
  • Extra Times
    • Drive In
    • Book It
    • tTunes
    • Features
    • World of Bacchus
    • Taste of Edesia
Loading Comments...

You must be logged in to post a comment.

%d