Prazos

 apr24

Macau Chief Executive Ho Iat Seng said this week that it could be “eight to 10 years” before the land upon which the Macau horse racing course sits is developed for future use.

Ho attended a question-and-answer session of the Legislative Assembly on Tuesday, during which he talked about the development of concert venues in Macau as well as the planning of the racecourse land. The Macau government terminated the Macau Jockey Club’s racing concession as of 1 April 2024 due to mounting losses.

In response to questioning, the Chief Executive said, “When the 2022 concession contract with the six concessionaires was granted, negotiations were already underway with them to have investments in non-gaming elements. After much negotiation, the amount of investment for the next 10 years was fixed.

https://www.asgam.com/index.php/2024/04/17/chief-executive-says-former-site-of-macaus-horse-racing-course-could-take-eight-to-10-years-to-plan-and-develop-for-future-use/