LEI 1.67% $20.71 leighton holdings limited

News: Leighton scores Macau hotel contract

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    Leighton Holdings Limited’s (ASX:LEI) subsidiary Leighton Contractors (Asia) has scored a contract to work on a luxury Wynn Resorts project in Macau. 


     


    The construction company has not disclosed the value of the deal but advises it has been selected as a preferred proponent to design and build an integrated hotel resort covering more than 450,000 square metres.


     


    The latest contract is Leighton’s fourth with Wynn and will involve the construction of gaming, dining, retail and convention facilities and a nightclub. 


     


    Leighton says it has a track record of delivering casino and hotel resorts in Macau and has been involved with Wynn since 2004 when they started developing in the region. 


     


    Construction is expected to start next month and anticipated to be finished in early 2016.


     


    Leighton Holdings recorded a net profit of $106 million in the first half of the 2012 financial year.

 
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