#Goldstein

iNtergame

Las Vegas Sands outperforms Q1 estimates

Chairman and chief executive officer Robert G. Goldstein attributed the strong performance to growth in both Macau and Singapore. "Our financial strength and industry-leading cash flow support our ongoing investment and capital expenditure programs in both Macao and Singapore, our pursuit of growth opportunities in new markets, and our program to…

Industry ・ 1 day

West Island

Las Vegas Sands Eyes $6B Nassau County Casino Resort

Las Vegas Sands Corp., a titan in the gaming industry, outlined ambitious plans for expanding its empire to New York, revealing that a potential casino resort in Nassau County may entail an investment of around $6 billion. This statement comes amid the company's commitment to establishing a new luxurious five-star destination should they secure a…

Industry ・ 26 January 2024

iNtergame

$2.92bn revenue for Las Vegas Sands in Q4

Both figures are a significant increase on the results for Q42022. Consolidated adjusted property EBITDA reached $1.2bn, compared to $222m in 2022. "We were extremely pleased with our financial and operating results for the quarter, which reflect the ongoing improvement in the operating environment in both Macau and Singapore. We remain deeply…

Industry ・ 25 January 2024

The Nevada Independent

Indy Gaming: Vegas set to prosper in ‘fun economy,’ UNLV experts say

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz The term "fun economy" might sound cheesy,…

Industry ・ 25 January 2024

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Trip Pub

Las Vegas Sands eyes Nassau Coliseum site for new casino

There's a new entry in New York's high-stakes competition for one of three downstate casino licenses. Las Vegas Sands is looking to set up a multibillion-dollar casino at the Nassau Veterans Memorial Coliseum site on Long Island. The gaming juggernaut is the latest entry into the fray, joining about half a dozen other firms since Albany said it…

Industry ・ 14 December 2023

Newsday

Las Vegas Sands Casino proposal faces lengthy court fight, experts say

A $4 billion casino resort proposal at the site of the Nassau Coliseum could get tied up in court for years, legal experts say, over whether county officials skipped state environmental requirements and were pressured to fast-track a lease for the area's largest private investment in more than 15 years. The next steps in Las Vegas Sands' plan could…

Law ・ 20 November 2023

The Nevada Independent

Indy Gaming: Judge says New York county erred in leasing site for Sands’ proposed $5B resort

An analyst said the decision is the least of the problems troubling the state's slow process to approve New York City-area casinos. Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you,…

Travel ・ 15 November 2023

US Bets

Analyst Says New York Casino Plans Won't Be Known Until 2025

Gambling industry analyst Brendan Bussmann of B Global disagrees with the common assessment that the process of awarding three downstate casino licenses in New York is going slowly. "It's not fair to [the word]'slow,'" Bussmann quipped. "This process has been the opposite of quick and painless." In fact, Bussmann believes we've still got a whole…

Roulette ・ 08 November 2023

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Newsday

Las Vegas Sands paid $241 million for Nassau Coliseum site lease

Taking another step toward a casino bid, Las Vegas Sands has paid a total $241 million to acquire a lease to control the Nassau Coliseum site, according to a new company filing. The price tag included a $92 million "goodwill" premium - more than the property's true value, according to the company's quarterly report filed Oct. 20 with the U.S.…

Industry ・ 27 October 2023

Review Journal

Green Day plays Downtown Las Vegas club

Green Day played Sears on Thursday night. At least, in a historic sense. Fremont Country Club and its connected Backstage Bar & Grill at 601 Fremont Street was originally a Sears department store, opening in 1942. That store eventually pulled out to become the anchor of Meadows Mall in the late-1970s. The building served as the office that issued…

Land-based ・ 21 October 2023

Programming Insider

HardRock.Bet Launches in New Jersey

New Jersey is a US state that is used to seeing new gambling sites being launched. The latest to do so is HardRock Bet with its online offering including a sportsbook and casino. Atlantic City already plays host to the famous Hard Rock Hotel & Casino. Now comes this new venture and if you want a break from the land-based casino, that doesn't mean…

Industry ・ 04 September 2023

NJ Biz

Hard Rock Bet platform goes live in New Jersey

Hard Rock Digital launch its Hard Rock Bet platform in New Jersey, which integrates the online casino, sportsbook and rewards into one streamlined experience. - HARD ROCK Listen to this article Hard Rock Digital announced last week the launch of its Hard Rock Bet platform here in the Garden State, which integrates the online casino, sportsbook and…

Industry ・ 22 August 2023

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claytoncountyregister.com

Hard Rock Digital Launches New NJ Online Casino Platform

Hard Rock Digital has unveiled its new online casino platform in New Jersey. The company, known for rebranding its sportsbook to Hard Rock Bet, announced the launch of its Hard Rock Bet iGaming platform for online casino in the state. The online casino platform offers users a wide selection of slots, table games, and live dealer games. In addition,…

Industry ・ 21 August 2023

Gambling Insider

Hard Rock Digital launches betting platform in New Jersey

Hard Rock Digital (HRD) has unveiled its new betting platform, Hard Rock Bet, in New Jersey. This platform will provide an experience for both online players across the state and visitors to the retail sportsbook at the Hard Rock Hotel & Casino Atlantic City. Marlon Goldstein, CEO of Hard Rock Digital, said: "The introduction of Hard Rock Bet in…

Industry ・ 20 August 2023

Review Journal

Macao regulators release July gaming revenue results

Macao casinos had their best month of 2023, one year after having their worst month of 2022. Macao's Gaming Inspection and Coordination Bureau on Tuesday reported gross gaming revenue of $2.075 billion (U.S), the most won in the special administrative region since January 2020. By comparison, the state of Nevada last week reported gaming win of…

Finance ・ 02 August 2023

Reuters

Las Vegas Sands second-quarter revenue beats Wall Street estimates

NEW YORK, July 19 (Reuters) - Las Vegas Sands Corp's (LVS.N) second-quarter revenue exceeded Wall Street estimates, benefiting from non-gaming programming in Macao as tourism rebounds from China's loosening of its zero-COVID policy and mass gaming reaching another record in Singapore. The casino operator's revenue rose to $2.5 billion in the second…

Finance ・ 20 July 2023

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Long Island Press

Las Vegas Sands Casino Plan Advances as Nassau Pols OK Lease

Nassau County lawmakers approved Monday a 99-year lease with Las Vegas Sands, which proposed replacing the Nassau Veterans Memorial Coliseum with a $4 billion casino resort in Uniondale, over the objection of neighbors concerned about crime. The Republican-majority county Legislature voted nearly unanimously in favor of the proposal, with…

Law ・ 23 May 2023

NBC New York

Long Island News: Las Vegas Sands Gets Approval to Develop Casino Around Nassau Coliseum

Plans to bring a casino to Long Island have taken a big step forward, but there's still a long way to go. The Nassau County Legislature voted 17-1 Monday night to to grant Las Vegas Sands a 99-year lease to develop the 72-acre area around the Nassau Coliseum in Uniondale. The $5-billion project will include a casino, hotel, entertainment venue and…

Law ・ 23 May 2023

The Motley Fool

A "Powerful Recovery" in Macao Could Help Lift Las Vegas Sands Stock

The pandemic dealt a tough blow to casino resorts, but business is gearing up again. With its Singapore resort humming along nicely and Macao back open for business, Las Vegas Sands (LVS 2.62%) is focused on recovery and a bright future. Let's look at the company's recent quarterly results to get a better idea of where the casino stock might be…

Finance ・ 01 May 2023

Fox 5 New York

Nassau County strikes Las Vegas Sands deal for new casino

Nassau County is placing their bet on Las Vegas Sands. On Wednesday County Executive Bruce Blakeman signed a lease agreement to give the corporation complete control over the Nassau Coliseum site. "Within sixty days of approval by the County Legislature, Las Vegas Sands will write the County of Nassau a check for $54 million dollars," Blakeman…

Law ・ 28 April 2023

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Long Island officials reach agreement to lease Nassau Coliseum to Sands for casino bid

Nassau County officials said Wednesday that they have reached a deal to transfer the lease for the Nassau Coliseum site to Las Vegas Sands, a major step in the gambling giant's push to win a coveted gaming license and bring a bustling casino to Long Island. The 99-year lease agreement does not guarantee that the Uniondale site where the New York…

Law ・ 28 April 2023

Long Island Press

Las Vegas Sands, Nassau County Executive Announce Nassau Hub Deal

The Nassau Hub in Uniondale is one step closer to being the site of a casino. Nassau County Executive Bruce Blakeman and Las Vegas Sands CEO Rob Goldstein have come to a lease agreement for the Nassau Coliseum property, they announced during a news conference on Wednesday. "We are going to develop the Coliseum site into a world-class hotel, a…

Industry ・ 27 April 2023

liherald.com

Nassau County gambles on Las Vegas Sands

Plans to redevelop more than 70 acres at the Nassau Coliseum in Uniondale took a huge step forward Wednesday after Nassau County Executive Bruce Blakeman revealed the county has come to terms on a lease agreement with Las Vegas Sands. The agreement would give the Sands control over the land where it plans to spend $4 billion on a resort that would…

Finance ・ 27 April 2023

longisland.news12.com

Nassau officials reach new lease agreement with Las Vegas Sands at Coliseum site

Nassau officials have announced the county has reached a new lease agreement with Las Vegas Sands at the Nassau Coliseum site.Nassau County Executive Bruce Blakeman made the formal announcement Wednesday during a news conference, saying the county could stand to make millions in additional revenue from the deal."We are going to develop the Coliseum…

Finance ・ 27 April 2023

8 News Now

Las Vegas Sands set to develop Long Island casino

LAS VEGAS (KLAS) - Officials in New York's Nassau County have reached a lease agreement with the Las Vegas Sands to develop a "world class-hotel and entertainment center" at the site where Long Island's NHL team won four Stanley Cups. Nassau County Executive Bruce Blakeman in a formal announcement Wednesday said the deal will give the Las Vegas…

Industry ・ 27 April 2023

Review Journal

Las Vegas Sands signs deal for NY casino resort site

New York's Nassau County signed a preliminary 99-year lease agreement with Las Vegas Sands Corp. for use of its 80-acre Nassau Veterans Memorial Coliseum site for development of an integrated resort with a casino on Long Island. In a news conference in New York on Wednesday, Sands Chairman and CEO Rob Goldstein and Nassau County Executive Bruce…

Land-based ・ 27 April 2023

Newsday

Las Vegas Sands strikes Coliseum lease agreement for $4B casino resort

Nassau County Executive Bruce Blakeman and Las Vegas Sands CEO Robert Goldstein on Wednesday announced an agreement that would give the company control of the Coliseum property in Uniondale for the next 99 years - a key step toward developing a $4 billion casino resort in the heart of the county. If the lease agreement is approved by the county…

Travel ・ 27 April 2023

ABC 7 NY

Nassau County strikes deal with Las Vegas Sands to bring casino to area

NASSAU COUNTY, Long Island (WABC) -- Nassau County reached a lease agreement with Las Vegas Sands that gives them control over the Nassau Coliseum site. The county will get a lump sum payment, as well as annual revenues to the county and the Town of Hempstead and surrounding communities exceeding $100 million per year. "And we believe that will…

Law ・ 27 April 2023

Reuters

Las Vegas Sands results beat Wall Street estimates on March demand

NEW YORK, April 19 (Reuters) - Las Vegas Sands Corp (LVS.N) on Wednesday reported quarterly revenue that surpassed Wall Street estimates as March visitation levels accelerated gaming volumes, retail sales and hotel occupancy. The Las Vegas-based casino operator said traffic is rebounding in Singapore and Macao, and it expects further improvement in…

Travel ・ 20 April 2023

Review Journal

Las Vegas Sands speeding up Marina Bay Sands resort’s renovation project in Singapore

Las Vegas Sands Corp. will speed up its $1 billion renovation of the Marina Bay Sands resort in Singapore. In a proxy statement issued by Sands Friday, ahead of its May 11 annual meeting, Chairman and CEO Rob Goldstein said the project to upgrade two towers at the iconic property is expected to be completed by the end of the year. "Following the…

Travel ・ 07 April 2023

The Motley Fool

Better Buy: Wynn Resorts or Las Vegas Sands Stock?

The gaming and resort industry continues to recover from the pandemic, and one of the biggest gaming markets in the world reopened earlier this year: Macao, China. With Macao back in action, casino operators there stand to benefit from pent-up demand -- as do casino stock investors. Here, I'll compare two American casino companies with properties…

Industry ・ 19 March 2023

Seeking Alpha

Las Vegas Sands: Still Too Cheap To Ignore, Macau Joins Singapore In Recovery Cycle (LVS)

Industry ・ 16 March 2023

Skift

Las Vegas Sands Eyes Casino For NY's Long Island

Move over Macau and Singapore. Las Vegas Sands is betting on Long Island, unlike other city-centric developers spending millions to win a casino license in New York. All these new proposals are focusing on corporate meeting spaces and tourism boosts to the economy to turn the odds in their favor. Las Vegas Sands is pursuing a multi-billion flagship…

Travel ・ 31 January 2023

Review Journal

Las Vegas Sands Corp. to build Long Island casino resort

Las Vegas Sands Corp. is proposing to build a multibillion-dollar resort on Long Island, New York, as part of a bid for one of three downstate New York casino licenses. Las Vegas Sands said Thursday it has entered into agreements to purchase the long-term lease of the site that's currently home to the Nassau Veterans Memorial Coliseum. The…

Land-based ・ 13 January 2023

ABC 7 NY

Las Vegas Sands announces plans for multi-billion dollar casino in Nassau County, Long Island

NASSAU COUNTY, Long Island (WABC) -- The Las Vegas Sands announced plans Thursday to pursue the development of a multi-billion dollar casino and entertainment project on Long Island. The company has agreed to purchase the long-term lease of the Nassau Veterans Memorial Coliseum. It would allow the company to control about 80 acres in Nassau…

Industry ・ 13 January 2023

The Bronx News 12

Las Vegas Sands plans to lease Nassau Coliseum for multibillion-dollar flagship casino

News 12 Long Island has learned that Las Vegas Sands is looking to develop a multibillion-dollar flagship hospitality, entertainment and casino project at Nassau Coliseum.The decision to pursue the development comes after the recent release of the New York State Gaming Commission's request for application for three downstate New York gaming…

Travel ・ 12 January 2023

World Casino News

Las Vegas Sands Plans New Project on Nassau Coliseum Site

The casino and resort giant from Las Vegas, Las Vegas Sands, has begun working on its expansion plans. The company has submitted a bid to gain the rights to build a new tourism destination on the site of the Nassau Coliseum in downstate New York. The plans for building a new property include private funding, and the destination is expected to be…

Land-based ・ 12 January 2023

Long Island Press

Las Vegas Sands Proposes Casino at Nassau Coliseum

Las Vegas Sands has proposed turning the largely dormant Nassau Veterans Memorial Coliseum in Uniondale into a casino as New York State considers applications to open three such facilities in the downstate region. "We strongly believe Long Island can be home to one of the region's great entertainment and hospitality developments," said Robert G.…

Industry ・ 12 January 2023

Yogonet

Sands joins downstate NY casino race with multi-billion dollar Long Island bid

Las Vegas Sands announced Thursday it will bid for a multi-billion dollar casino at the Nassau Veterans Memorial Coliseum site on Long Island, New York. The company's move to pursue an opportunity in the Empire State follows a New York Gaming Facility Location Board vote earlier this month that opened up the application process for three downstate…

Travel ・ 12 January 2023

iGaming Brazil

Las Vegas Sands Proposes Multi-Billion Dollar Casino Development on Long Island, New York

Las Vegas Sands has confirmed that it is pursuing the development of a multi-billion dollar hospitality, entertainment and casino project on Long Island, New York, with the recent release of the New York State Gaming Commission Application for three gaming licenses in the center of New York State. The company has signed agreements to purchase the…

Industry ・ 12 January 2023

Newsday

Las Vegas Sands proposes multibillion dollar project on Nassau Coliseum site

Las Vegas Sands, the casino and resort company, has submitted a bid to build a privately-funded, multibillion dollar tourism destination on the site of the Nassau Coliseum, after striking a deal to become the new tenants on the county-owned property, officials confirmed to Newsday. Officials with knowledge of the proposal, which would include a…

Industry ・ 12 January 2023

The Motley Fool

Casinos Win New Macao Licenses, but Will Shares Rise?

The largest casinos got an early Christmas present last month after China renewed their licenses in Macao for another 10 years. While the likelihood of being denied renewal was small after they had invested billions of dollars in the gambling mecca and spent billions more on developing nongaming activities at the behest of Beijing, it was still a…

Land-based ・ 21 December 2022

US Bets

A Deeper Look At New York's Powerful Casino Location Board

Investor and restaurateur Ken Sturm has been doing business in Times Square for more than three decades. The owner of Bacall's Steakhouse on West 44th Street and the world-famous Ellen's Stardust Diner (named after his mother) on Broadway and 52nd Street, Sturm has seen what the pandemic has done to the heart of Manhattan. He thinks it's time the…

Law ・ 21 December 2022

Review Journal

Three Las Vegas companies receive Macau licensing extensions

Las Vegas Sands Corp. will tear a page out of the Las Vegas playbook when it invests $3.5 billion over the next decade in launching restaurants and nongaming tourist attractions to attract international visitors there, the company announced Monday. It plans to develop several new restaurants and introduce international culinary concepts to support…

Industry ・ 20 December 2022

Review Journal

Las Vegas Sands, Wynn Resorts, MGM Resorts named Macao’s gaming concession winners

Three Las Vegas-based companies got a welcome boost Saturday when the Macao government announced they had been granted provisional approval to continue operating casinos in the Chinese enclave for the next 10 years. Macao's special administrative region government announced Saturday that MGM Resorts, Las Vegas Sands, Wynn Resorts along with three…

Travel ・ 13 December 2022

The Nevada Independent

Indy Gaming: Research gives AGA ammunition in fight with illegal gambling operations

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz American Gaming Association CEO Bill…

Industry ・ 07 December 2022

The New York Times

A Casino Atop Saks? Lobbyists Push for Manhattan Gambling Site

A Monaco-style casino atop Saks Fifth Avenue, across the street from St. Patrick's Cathedral. A gambling den with East River views, alongside a popular wedding venue. A Hard Rock casino in the center of Times Square. In the next several days, as part of state budget negotiations, Gov. Kathy Hochul and legislative leaders may well hash out a deal…

Politics ・ 01 December 2022

news.uoguelph.ca

Gamblers Often Break Own Limits on Stressful Days, U of G Research Finds

Gamblers are often advised to "Know your limit, play within it," but how well does that advice really work? New University of Guelph research finds many gamblers ignore their limits if they're having a stressful day filled with other temptations - even those who believe they have high self-discipline in other parts of their lives. The study, which…

Lottery ・ 24 November 2022

Nola

1st riverboat casino in U.S. found in Mississippi River

The first riverboat casino to open in the United States and Biloxi now sits in the mud in Memphis as the waters of the Mississippi River recede. To see the fate of the Diamond Lady on Facebook - covered in muck as she emerged from where she sank a year ago - is a sad end to her story. "It made my heart sink. I didn't really know what happened to…

Travel ・ 02 November 2022

The Nevada Independent

Indy Gaming: Caesars enters NYC casino skirmish after first rejecting the idea

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Caesars Entertainment's entrance into an…

Covid ・ 26 October 2022

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Vegas Inc

Some of Las Vegas' big gaming companies want a bite of the Big Apple

NEW YORK - With the latest edition of the New York Post in one hand and a beer in the other, George Miller fumbled for a betting slip he feared might have been blown away on a blustery day at a racetrack parking lot on the outskirts of New York City. A Long Island resident, Miller likes to come to the Aqueduct Racetrack in Queens to play the…

Gaming Authorities ・ 22 October 2022

The Motley Fool

Why Las Vegas Sands Stock Jumped Higher Earlier Today

Las Vegas Sands (LVS 3.94%) were up 12.4% as of 1:05 p.m. ET on Monday. The jump followed positive news over the weekend about the return of tourism in China's Macau Special Administrative Region, where Las Vegas Sands has invested over $15 billion for future growth. Other casino stocks were also rising on the news, with Wynn Resorts up 12.8% at…

Travel ・ 22 October 2022

Review Journal

Macao travel restrictions continue to pummel Las Vegas Sands

Travel restrictions in Macao continued to drag on Las Vegas Sands Corp. earnings, but resiliency in Singapore had company officials feeling optimistic as they reported their third quarter results on Wednesday. The company reported a net loss of $239 million, 31 cents a share, on revenue of $1 billion for the quarter that ended Sept. 30. A year…

Travel ・ 21 October 2022

The New York Times

Where Could a Casino Be Built in New York City? What We Know

For years, casino companies have salivated over the prospect of a casino in New York City, one of the last major untapped gambling markets in the United States and a global tourist destination anchoring a metropolitan area with about 23 million residents. They may soon get what they were looking for. In April, elected officials in Albany authorized…

New Year ・ 21 October 2022

Forbes

The Big Gamble: Inside The Battle to Operate A Casino In New York City

N ew York has begun the formal process to license up to three casinos in and around the city's five boroughs. And the billionaire-backed gambling companies and real estate developers are going all in to bring one to Manhattan. Building Las Vegas-style casinos in New York City is a seismic shift in the gaming industry. The state already has four…

Gaming Authorities ・ 21 October 2022

Casino Guru

Las Vegas Sands posts third-quarter results

Global gaming, hospitality and entertainment giant Las Vegas Sands has revealed its financial results for the three-month period ended on September 30, 2021. Company CEO and chairman Robert G. Goldstein confirmed that the Las Vegas Sands faced a challenging quarter which was marked by the lasting impact from previous reporting…

Strategy Guide ・ 21 October 2022

Seeking Alpha

Las Vegas Sands: Capitulation Here Or Near

Owning it: I have been following the shares of Las Vegas Sands (NYSE: LVS) for five years, for any number of reasons that most investors share with me. It is the global leader of the gaming industry, having been built from the Las Vegas legacy of the original Sands, home of the famous Rat Pack of Frank Sinatra, and decades later, its extension to…

Travel ・ 22 September 2022

Review Journal

Las Vegas Sands, Wynn Resorts, MGM among companies lining up for Macao license.

Seven gaming companies will vie for six operational licenses in Macao, but at least one analyst expects all of the competitors will end up getting a piece of the action. The government of Macao on Friday announced six existing concessionaires - Las Vegas Sands Corp., Wynn Resorts Ltd., MGM Resorts International, and Chinese operators SJM Resorts…

Travel ・ 20 September 2022

Times Of Malta

Will online gaming ever overtake traditional in Europe?

The online gaming industry has been a booming business in Europe. With the increase in technological advances, it has only been getting more prominent. The growth has primarily occurred in East Asia and North America, but Europe might be catching up. There are many reasons to believe online gaming will overtake traditional gaming in Europe. Online…

Industry ・ 19 September 2022

New Jersey Online Gambling

Mets Owner Steve Cohen Continues to Press for Citi Field Casino

NY Mets owner Steve Cohen isn't letting off the gas in his attempt to score a casino near Citi Field. While the Mets' front office focuses on MLB's pending trade deadline, Cohen's lobbyists continue to pursue a casino in Willets Point. Over the years, redevelopment of Willets Point, Citi Field's neighborhood, has been elusive. Meanwhile, New York…

Politics ・ 30 July 2022

The Nevada Independent

Singapore resort keeps Las Vegas Sands afloat as Macau continues to crater

For the near term, Las Vegas Sands is a single casino company. Sands sold its Las Vegas holdings in February and its Macau casinos are operating at roughly 50 percent following a two-week shutdown tied to increased COVID-19 infections. The company relies on the Marina Bay Sands in Singapore for the majority of its revenue and cash flow. Last week,…

Covid ・ 27 July 2022

New York Post

NYC developers eyeing casinos for Hudson Yards, Times Square, Willets Point, Coney Island

New York City developers and gaming operators are putting their chips on the table in a frenzied bid for the right to open local casinos, including in Times Square and Hudson Yards, The Post has learned. Some of the other sites being eyed are Willets Point near the Mets Citi Field ballpark in Queens and Brooklyn's Coney Island, according to sources…

Politics ・ 25 July 2022

World Casino News

Second-quarter setback for Las Vegas Sands Corporation

American casino operator Las Vegas Sands Corporation has released its second-quarter unaudited financial results showing that its net loss for the three-month period rose by slightly over 51% year-on-year to hit $290 million. The Las Vegas -headquartered firm used an official Wednesday press release to detail that its aggregated revenues for the…

Land-based ・ 21 July 2022

EconoTimes

Gambling Corporation Las Vegas Sands Plans to Create a New Casino in Florida

With its warm climate and sunny beach resorts, Florida is a major tourist location and a large market for casino gambling. Perhaps this is what casino gaming company Las Vegas Sands saw in 2012 and decided it was time to invest in some gaming expansion efforts in the state. After the proposal was rejected by lawmakers that same year, the LV Sands…

Law ・ 12 July 2022

The Street

Las Vegas Strip Casino Leaders Take Unexpected Covid Hit

Covid crushed the travel business and few cities took a bigger hit than Las Vegas. Under orders from Nevada Gov. Steve Sisolak (D), the city's casinos, hotels and restaurants closed for roughly two months in the early days of the pandemic. The reopening of Sin City was a slow process, with the two biggest Las Vegas Strip players -- Caesars…

Covid ・ 11 July 2022

Markets Insider

Casino Stocks WYNN, LVS, MGM, MLCO Gain on Easing Covid-19 Restrictions

China is finally starting to lift its lockdown protocols. According to Bloomberg, the country is now "reporting the lowest number of new cases since early February." On top of that, the nation is reducing the required quarantine time for international travelers. This means that the Chinese economy is clear to start making up lost ground. For the…

Covid ・ 28 June 2022

World Casino News

American iGaming flutter for Las Vegas Sands Corporation

American casino operator Las Vegas Sands Corporation has reportedly announced that it has made an inaugural strategic investment in iGaming technologies and services firm Huddle Tech Incorporated. According to a report from Inside Asian Gaming, the Las Vegas -headquartered firm declared that the move for an undisclosed amount of cash is due to see…

Sports ・ 09 June 2022

Gambling News

Las Vegas Sands Invested in the Software Firm Huddle Tech

Las Vegas Sands, a casino and resort company, has opted to invest in Huddle Tech, a gaming software company. Through this deal Sands demonstrates its commitment to US iGaming despite recently switching its focus to Asia. The two parties refused to disclose the size of Las Vegas Sands' investment. However, the purpose of the investment was made…

Sports ・ 09 June 2022

Asgam

Thai political group calls for legalization of both land-based and online casinos

A group of minor political parties has submitted a draft amendment to Thailand's Gambling Act calling for the legalization of both land-based and online casino gaming and proposing development of four casinos nationwide. The group is led by Chutchawan Kong-u-dom, leader of the Thai Local Power Party, with the Bangkok Post reporting that the group…

Politics ・ 20 May 2022

Vegas Slots Online

Las Vegas Sands Eyes New York, Texas, Florida Casinos

Las Vegas Sands is contemplating a return to the American market, specifically eyeing New York, Texas, and Florida. [Image: Shutterstock.com] Las Vegas Sands Corporation (LVS) is eyeing future sites in New York, Texas, and Florida amid a potential return to the US market. Marina Bay Sands in Singapore has been the company's top grosser LVS closed a…

Covid ・ 29 April 2022

Asgam

Thai committee to submit report on legalized casinos in May

An extraordinary committee examining the feasibility of opening regulated casinos in Thailand will submit its report next month, according to the Bangkok Post. The study, launched in December following a House of Representatives vote, has specifically focused on the potential for an integrated resort with a casino, with the goal of attracting more…

Law ・ 17 April 2022

Gambling News

Thai Committee to Soon Submit Research Results about Building a Casino Resort

Thailand may soon get its first casino resort, depending on the results of ongoing research. A 60-member extraordinary committee will decide whether such a venue will be feasible and profitable or not by the end of May. The committee, led by Deputy Transport Minister Atirat Ratanasate, is comprised of 15 members of the current cabinet and 45…

Travel ・ 15 April 2022

Review Journal

Florida gambling expansion backed by Las Vegas Sands abandoned

Florida Voters in Charge, the nonprofit political action committee funded by Las Vegas Sands Corp. to gather signatures on petitions supporting the legalization of commercial gambling in northern Florida, has abandoned its efforts to put the question on the November ballot. The organization also dropped an appeals court lawsuit it filed when Leon…

Travel ・ 07 April 2022

Legit Gambling

Las Vegas Sands Drops Bid for North Florida Casinos

After spending more than $70 million and wrangling in court for months, backers of a proposed constitutional amendment that would open the door to Las Vegas-style casinos in North Florida have dropped an effort to place the measure on the 2022 ballot. The clash over the casino initiative pitted Las Vegas Sands Corp. against the Seminole Tribe of…

Law ・ 04 April 2022

Vegas Slots Online

Why Are Macau Casinos Struggling in Pandemic Recovery?

Commenting in August 2020, analysts from investment bank JP Morgan predicted that the Macau gambling market would begin its road to recovery from the COVID-19 pandemic in mid-August that year. They estimated that casinos would recuperate 2019 levels of gross gaming revenue (GGR) by Q32021, pointing to the easing of travel restrictions and an…

Covid ・ 03 April 2022

Tampa Bay Times

Las Vegas Sands drops bid for North Florida casinos on 2022 ballot

TALLAHASSEE - After spending more than $70 million and wrangling in court for months, backers of a proposed constitutional amendment that would open the door to Las Vegas-style casinos in North Florida have dropped an effort to place the measure on the 2022 ballot. The clash over the casino initiative pitted Las Vegas Sands Corp. against the…

Law ・ 02 April 2022

Daily Mail Online

Hochul could FAST TRACK state approval for three new casinos within days, including in Manhattan

New York Gov. Kathy Hochul appears poised to continue to splash the cash on big projects in the Empire State's budget, with the possibility of three new casino licenses - including one catering to the wealthy in the heart of Manhattan. The governor and the leaders of the Democrat-controlled State Senate and Assembly are expected to hammer out a…

St. Patrick's Day ・ 30 March 2022

European Gaming

First Casino in Thailand Likely to be Located in Bangkok Area

The government committee looking into the legalisation of gambling in Thailand is considering opening a casino in Bangkok initially, before expanding into other jurisdictions, according to local media reports. The government, which had historically been anti-gambling, has been considering casinos due to the impact of Covid on the country's economy…

Incidents ・ 30 March 2022

Vegas Slots Online

Committee Earmarks Bangkok for Thailand’s First Casino

The possibility of legal gambling in Thailand has gained traction after a government committee identified Bangkok as a site for the country's first casino. [Image: Shutterstock.com] A special government committee tasked with investigating the introduction of legalized gambling in Thailand has suggested opening the country's first casino in…

Covid ・ 29 March 2022

WJCT News

Legal wrangling continues over Jacksonville-area casino

It's been almost two months since backers of an effort to bring Las Vegas-style casino gambling to North Florida failed to submit enough signatures in time to make it onto the November ballot, but legal jousting over the proposal hasn't abated. The fight over the proposed constitutional amendment has turned into a throw-down between Las Vegas Sands…

Incidents ・ 28 March 2022

Seeking Alpha

Las Vegas Sands A Buy On China Reevaluating Policies (NYSE:LVS)

Uncertainty almost always creates volatility in markets. When traders and investors don't have a clear picture of what a company's earnings will look like, usually even the slightest news story can move the company or sector the company is in significantly. There is significant near-term uncertainty in the Chinese gambling sector in Macau right…

Covid ・ 18 March 2022

World Casino News

Asian interest for Las Vegas Sands Corporation

The boss for American casino operator Las Vegas Sands Corporation has reportedly announced that his firm is in negotiations with'a major country' in Asia regarding the possible development of a new gambling-friendly resort. According to a report from Inside Asian Gaming, Rob Goldstein (pictured) serves as the Chairman and Chief Executive Officer…

Incidents ・ 14 March 2022

Markets Insider

Las Vegas Takes Hit As Soft Chinese New Year Weighs on Baccarat Revenue

Casino operators on the Las Vegas Strip reported a slowdown in gaming revenues for the first quarter, according to data released by the Gaming Control Board. Revenues fell 4% year-over-year for the first quarteras a soft Chinese New Year dragged down results. Weakness was particularly notable in baccarat, which is a favorite of Asian gamblers.…

New Year ・ 21 February 2022

The Street

Another Iconic Las Vegas Strip Casino Close to Big Changes

Las Vegas has seen its share of scoundrels and people of questionable morality own casinos. The city more or less rose to prominence as a mafia playground where backroom leg breakers and other shady characters once held the day. That influence subsided as major players including Caesars Entertainment (CZR) - Get Caesars Entertainment Inc Report and…

Land-based ・ 07 February 2022

SBC Americas

LVS nears Las Vegas divestment amid $315m Q4 net loss

Las Vegas Sands has reported a slight 0.7% revenue decrease through 2021's final quarter to $1.01bn, which is largely due to a 5.8% drop to $651m (2020: $689m) in the group's casino division. Operating loss through the quarter ending December 31 came in at $138m compared to a loss of $119m in the prior year quarter, with net loss widening to $315m…

Covid ・ 29 January 2022

Vegas Slots Online

Las Vegas Sands Will ‘Wait Patiently’ for Digital Investment

Las Vegas Sands is keeping its options open and not rushing into making an investment in the online gambling space. [Image: Shutterstock.com] Las Vegas Sands (LVS) is planning to "wait patiently" before investing in the online gambling space. The casino company's CEO Robert Goldstein made these comments on Wednesday during an investor call…

Sports ・ 27 January 2022

Entrepreneur

Las Vegas Sands (LVS) Q4 Earnings & Revenues Beat Estimates

Las Vegas Sands Corp. LVS reported decent fourth-quarter 2021 results, with earnings surpassing the Zacks Consensus Estimate and increasing year over year. Revenues during the quarter beat the consensus mark but declined on a year-over-year basis. Following the results, the company's shares increased by more than 2% in the after-hour trading…

Finance ・ 27 January 2022

Review Journal

Asian pandemic downturn leads Las Vegas Sands to stay patient

Las Vegas Sands Corp. executives will stay patient with their big investments in Macao and Singapore as the company prepares for its next phase of operations: one without Las Vegas resorts. Company leaders told investors during their fourth-quarter earnings call Wednesday that they'll stay the course in Macao, where it is the market leader, and go…

Covid ・ 27 January 2022

Kilgore News Herald

Online Gambling Industry Projected to Reach an Astonishing $565 Billion Value in 2022

PALM BEACH, Fla., Jan. 6, 2022 /PRNewswire/ -- FinancialNewsMedia.com News Commentary - The online gambling industry is constantly evolving and catching up with technological trends, aiming to ensure the ultimate gambling experience for all players. Ever since the global pandemic began, the majority of the players were forced to switch from…

Industry ・ 06 January 2022

WFMZ News

UK Online & Casino Revenue Reported Healthy Even with Current Pandemic Conditions

PALM BEACH, Fla., Dec. 7, 2021 /PRNewswire/ -- FinancialNewsMedia.com News Commentary - Gambling experts have long contended that the industry is not recession-proof, and data has recently supported this claim. The COVID-19 pandemic has turned the entire world upside down, and the gambling industry is no exception. Financial information is starting…

Covid ・ 07 December 2021

Forbes

Nevada Hits Eighth Month Of More Than $1 Billion In Gambling Revenue

G amblers keep losing and Nevada keeps winning. The Silver State collected $1.2 billion in gambling revenues from casinos in October, marking the eighth consecutive month the state has brought in more than $1 billion, according to numbers released by the Nevada Gaming Control Board. October's total win is up 19.5% from pre-pandemic levels during…

Finance ・ 03 December 2021

Forbes

Why Macau’s Casinos Are Still The Best Bet For Wynn And Las Vegas Sands

B efore the pandemic, Macau was the world's most lucrative gaming market in the world. But after nearly two years of outbreaks and lockdowns, which largely closed the borders of the autonomous region belonging to China to visitors, gambling revenues for the last 10 months are still down 70% compared to pre-pandemic levels. Macau casino stocks are…

Covid ・ 01 December 2021

The Nevada Independent

How VICI Properties is quietly becoming landlord to the biggest casinos in Vegas

In the waning days of Caesars Entertainment's two-year bankruptcy reorganization, creditors struggled with a name for a new spin-off company taking ownership of 19 casinos that would control the land and lease the properties back to the operator. Consultants suggested Senatus Populusque Romanus, or SPQR, the term used for the government of ancient…

Travel ・ 23 November 2021

Skift

Las Vegas Sands CEO Praises China While Macau License Up for Renewal

Macau is an extraordinarily important gaming market for Las Vegas Sands, and the company's third quarter earnings call was a giant love fest for China's gaming regulators. What else are company leaders going to do but schmooze the people in charge of renewing their gaming license? Now is apparently not the time for Las Vegas Sands leadership to…

Industry ・ 21 October 2021

Patch

Only One Las Vegas Casino Operator Remains In The Hunt For A Gaming License In Japan

MGM Resorts International took a major step Tuesday toward earning a Japanese integrated resort license when the city of Osaka endorsed the company's plans for the country's first large-scale casino. But the move may have closed the door for other Las Vegas-based casino operators. Osaka selected MGM Resorts and its Japan-based joint-venture partner…

Land-based ・ 06 October 2021

The Nevada Independent

Indy Gaming: Casino operators and investors concerned about Macau plans for gaming license overhaul

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how they tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Macau casino operators finally got an answer to…

Finance ・ 22 September 2021

The Nevada Independent

Indy Gaming: Major Strip casino operators snubbing downtown Chicago gaming project

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Chicago gave potential casino developers…

Sports ・ 11 August 2021

The Nevada Independent

Indy Gaming: Las Vegas left behind as Sands charts future in Macau, Singapore and online

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. Las Vegas Sands is on its way to becoming just Sands. The…

NFL ・ 28 July 2021

Review Journal

COVID-19 ‘deep cleaning’ to close Marina Bay Sands casino through Aug. 5

The casino at Las Vegas Sands' iconic Marina Bay Sands resort in Singapore has been closed while the company addresses new COVID-19 alerts established by the government. "In view of the heightened COVID-19 situation in Singapore, Marina Bay Sands will be operating on revised capacities and stricter measures across property, in support of the…

Covid ・ 24 July 2021

Reuters

Las Vegas Sands’ new boss lays down his cards

HONG KONG, July 22 (Reuters Breakingviews) - Las Vegas Sands' (LVS.N) new boss is shaking up the $38 billion company built by the late Sheldon Adelson. Chief Executive Robert Goldstein took the helm at the end of January following the death of the group's famous founder. On Wednesday, he revealed his first full quarterly results. Covid-19 may have…

Travel ・ 22 July 2021