HONG KONG, June 5 Sands China Ltd, the
Macau casino controlled by U.S. billionaire Sheldon Adelson, has
received approval to transfer land rights for an apartment-hotel
tower, allowing the company to sell shares in the property.
Sands China announced the approval on Wednesday in a
statement to the Hong Kong stock exchange. The company has been
trying since 2008 to make money from the apartment-hotel tower,
which is located on the Cotai strip in the world's largest
The agreement allows the casino operator to sell shares in
the property to buyers purchasing co-op units.
(Reporting by Farah Master; Editing by Matt Driskill)