The capping of the main building has been completed and electromechanical installation work will now begin.<\/p>\n\n\n\n\n\n\n\n
Macau.- Construction work at the Resorts World Macau Lago 1 Nam Van project continues on schedule despite Covid-19.<\/p>\n\n\n\n
State-owned company China Civil Engineering Construction Corporation CC) has announced it has completed the capping of the new integrated resort at Nam Van Lake and will now move forward with electromechanical installations and the construction of surrounding public facilities.<\/p>\n\n\n\n
An 8,100-square-metre plot where the project is being developed is indirectly owned by Genting Malaysia Group, which said in its latest report that it had plans to develop a casino on the site.<\/p>\n\n\n\n
Development of the site is being led by Treasure Island Entertainment Company Ltd, a company indirectly held by Star Cruises, which is owned by Genting Hong Kong.<\/p>\n\n\n\n
Genting is also one of the potential bidders for the Osaka IR<\/a><\/em><\/strong> project in Japan, and it is also building a theme park<\/a><\/em><\/strong> at Genting Highlands in Malaysia.<\/p>\n","protected":false},"excerpt":{"rendered":" The capping of the main building has been completed and electromechanical installation work will now begin.<\/p>\n","protected":false},"author":2,"featured_media":7812,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Resorts World Macau Lago 1 Nam Van integrated resort project, indirectly linked to Genting Malaysia Group and Genting Hong Kong, has completed its main building capping, with electromechanical installations now commencing. This development, which includes plans for a casino, remains on schedule despite pandemic-related challenges, signifying continued investment in the Macau gaming vertical.","focusai_entities":"China Civil Engineering Construction Corporation, Genting Malaysia Group, Treasure Island Entertainment Company Ltd, Star Cruises, Genting Hong Kong, Genting","focusai_location":"Macau, Japan, Malaysia","focusai_target_profile":"ceo_executive (0.9), regulator (0.75), compliance_legal (0.7), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Genting Macau Licensing","query":"What is the anticipated timeline for Treasure Island Entertainment Company Ltd to secure the necessary gaming concessions and operational licenses from the Macau SAR government for the planned casino?"},{"label":"Macau IR Market Impact","query":"How is the impending entry of the Resorts World Macau Lago 1 Nam Van project expected to alter the competitive landscape and GGR projections for existing integrated resorts in Macau?"}],"footnotes":""},"categories":[157,16338,158],"tags":[1076,14017,257],"class_list":["post-7809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-genting","tag-integrated-resort","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=7809"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7809\/revisions"}],"predecessor-version":[{"id":7818,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7809\/revisions\/7818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/7812"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=7809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=7809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=7809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}