Sands China says the Macau government has given it more time to build a casino resort on a site in Cotai but expects to pay a penalty for the delay.
The Macau arm of Las Vegas gaming billionaire Sheldon Adelson said in a filing to the Hong Kong stock exchange that it had received approval to extend the deadline for the completion of the project on parcel three to April 17, 2016, from April next year.
The government informed the casino operator in a letter that it would be notified of the penalty amount due to the construction delay, according to the statement.
Sands Macau spokeswoman Melina Leong said last week that the casino developer was behind schedule because it had been focusing on another project - the US$5 billion Sands Cotai Central on parcels five and six.