Construction has restarted on Macau's Cotai Strip since the City of Dreams opened on June 1. Las Vegas Sands Corp. pioneered building on the strip in 2007 with the $2.2 billion Venetian Macao. "Casino gaming companies are de facto real estate development companies; therefore, being both in Cotai and downtown are natural real estate positions to have in Macau," said Jonathan Galaviz, an independent travel and leisure sector strategist.

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