A surprising headline - it seems that Macau decided not to grant a land concessions for two parcels to Las Vegas Sands. This was land that the company was expecting to be granted to develop an integrated resort. This PDF from 'Top Builders Group' shows some renderings of proposed LVS buildings for that site.
The company can appeal the decision but has a very limited time window to do do.
This is interesting. We've of course seen rumblings from the Chinese government indicating that they want to slow development of new resorts in Macau but this is a significant development.
In September, SJM indicated that it wanted to take over the parcels for its own development.