#Patrick Dumont

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

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

Vegas Inc

NBA approves sale of Dallas Mavericks to Las Vegas Sands casino company

Dallas Maverick Jaden Hardy (3) drives to the basket past Chicago Bulls defenders during the 2022 NBA Summer League at the Thomas & Mack Center Friday, July 8, 2022. Updated Wednesday, Dec. 27, 2023 | 5:06 p.m. DALLAS - Mark Cuban sees a future of NBA ownership where the advantages will be in real estate. The high-profile billionaire says that's…

Industry ・ 28 December 2023

WBAP

NBA Approves Sale of Dallas Mavericks to Families That Run Las Vegas Sands Casino Company

DALLAS (AP) - The NBA has approved the sale of controlling interest of the Dallas Mavericks from Mark Cuban to the families that run the Las Vegas Sands casino company. The deal was approved just shy of a month since the families of Dr. Miriam Adelson and Sivan and Patrick Dumont announced their intention to buy the club. The purchase is in the…

Industry ・ 28 December 2023

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CBS News

NBA approves sale of Dallas Mavericks to Miriam Adelson, casino company Las Vegas Sands

DALLAS - The NBA on Wednesday approved the sale of controlling interest of the Dallas Mavericks from Mark Cuban to the families that run the Las Vegas Sands casino company. The deal was approved just shy of a month since the families of Miriam Adelson and Sivan and Patrick Dumont announced their intention to buy the club. The purchase is in the…

Politics ・ 28 December 2023

Star Advertiser

Sale of Dallas Mavericks to families behind Las Vegas casino approved

DALLAS >> The NBA today approved the sale of controlling interest of the Dallas Mavericks from Mark Cuban to the families that run the Las Vegas Sands casino company. The deal was approved just shy of a month since the families of Miriam Adelson and Sivan and Patrick Dumont announced their intention to buy the club. The purchase is in the valuation…

Land-based ・ 28 December 2023

CoStar

Casino Magnates Place Bet on This Man's Texas NBA Team

Gambling-adverse Texas could find itself with two NBA owners with gaming ties after Dallas Mavericks owner Mark Cuban agreed to sell a majority stake of the professional basketball team to the family of billionaire Miriam Adelson, the largest shareholder of one of the world's biggest casino operators. Adelson is the widow of Las Vegas Sands tycoon…

Law ・ 30 November 2023

Review Journal

Dubai to pass Las Vegas hotel room inventory

While Dubai is on track to surpass the number of hotel rooms in Las Vegas, a Southern Nevada gaming and hospitality industry analyst who knows the United Arab Emirates landscape well says it shouldn't become a major competitor as long as Las Vegas continues to invest in its infrastructure. "As long as Las Vegas stays on its game, nothing will be…

Land-based ・ 24 September 2023

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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

Review Journal

Las Vegas Sands Corp. gets Nassau Coliseum land

The Nassau County Legislature, the 19-member government entity that oversees Nassau Coliseum land, voted overwhelmingly Monday to transfer 72 acres to Las Vegas Sands Corp. to develop a downstate New York integrated resort with a casino. Following a 5½-hour hearing, the Legislature voted 17-1 with one member absent to transfer the land to the Las…

Law ・ 24 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

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

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Review Journal

Casino landlord Vici Properties’ top boss open to more deals in Las Vegas

Tourists who fill Las Vegas Boulevard's massive resorts to eat, gamble and party, never see the name Vici Properties. But the casino landlord rakes in a fortune from the Strip. New York-based Vici, the biggest property owner in Las Vegas' famed casino corridor, owns Caesars Palace, MGM Grand, Mandalay Bay, The Venetian, The Mirage and other huge…

Land-based ・ 18 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

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Review Journal

Macao casino revenue rebounding as analysts expect continued growth

Gaming industry analysts expect casino revenue to continue rising in Macao after back-to-back months of growth. The region's Gaming Inspection and Coordination Bureau on Wednesday reported a 33.1 percent increase in gross gaming revenue to $1.3 billion in February compared with a year earlier. While February figures were down from January, John…

Industry ・ 02 March 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

Review Journal

Las Vegas casino landlord Vici Properties owns 660 acres

After completing more than $20 billion in deals recently, casino landlord Vici Properties now owns several hundred acres along the Strip, "the most economically productive street in the world," the firm said Thursday. Vici, whose real estate holdings on Las Vegas Boulevard include megaresorts MGM Grand, Caesars Palace and The Venetian, this…

Land-based ・ 04 January 2023

Review Journal

6 biggest casino deals on the Las Vegas Strip in 2022

A number of casino operators changed up their real estate portfolio this year with sales, acquisitions and leasebacks - showcasing a flurry of activity after the short but steep economic fallout caused by the COVID-19 pandemic. And a number of those deals, announced last year, have closed in 2022. Here are six of this year's major deals on the…

Industry ・ 26 December 2022

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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

Wynn Resorts partners with New York land developer Related Companies on casino resort license

Wynn Resorts Ltd. is partnering with a New York real estate company to pursue one of three new downstate casino licenses in a Manhattan neighborhood. Related Cos. and Wynn announced the agreement Thursday to develop a casino, resort and entertainment area near the Javits Center on the western side of the Hudson Yards, near the Hudson River. The…

Travel ・ 18 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

Review Journal

Disappointing gaming revenue in Macao continues to saddle Las Vegas company-owned operations in the Chinese region as a result of COVID-19 restrictions.

Macao reported another disappointing month of gaming revenue in November with the region reporting winning $374.4 million, a 55.6 percent decline from November 2021. Macao's Gaming Inspection and Coordination Bureau on Thursday said the region has had only one month - February - in which the region's 39 casinos made more money than they did a year…

Covid ・ 02 December 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

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

Review Journal

Weeklong Macao casino shutdown affecting Sands, MGM, Wynn begins

Macao casino resorts closed their doors Monday as a weeklong government-ordered shutdown began in the region, taking a toll on properties including several operated by three Las Vegas-based companies. Because of elevated COVID-19 case numbers, Macao Secretary for Administration and Justice Andrew Cheong Weng Chun on Saturday ordered a closure of…

Covid ・ 21 October 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

Review Journal

Las Vegas Sands Corp. establishes $1 million scholarship program in Singapore

Las Vegas Sands Corp. and its Marina Bay Sands resort in Singapore established a $1 million scholarship program to help build a pipeline of new talent for the hospitality industry in that country. The scholarship is designed to advance hospitality careers in Singapore and capitalize on tourism growth projected over the coming years. "The…

Travel ・ 07 September 2022

Review Journal

Macao casino relicensing occurring as region recovers from shutodown of properties

Macao, the most lucrative casino gaming market in the world since 2006, is taking a page from an old Strip playbook. Remember those efforts to draw families to Las Vegas in the 1990s? Casino companies across the valley built thrill rides, roller coasters and Strip-front entertainment to attract audiences to their resorts. That's what's in store for…

Strategy Guide ・ 14 August 2022

VentureBeat

Steve Chiang's Fortis is a new game company backed by Las Vegas Sands

Fortis founders (left to right) Shawn Foust, Steve Chiang, and Calvin Lau. Interested in learning what's next for the gaming industry? Join gaming executives to discuss emerging parts of the industry this October at GamesBeat Summit Next. Register today. Fortis, a new video game company started by former Warner Bros. gaming leader Steve Chiang, is…

Land-based ・ 13 August 2022

Review Journal

Nevada’s casino industry donates to both gubernatorial candidates

The gaming industry is playing both sides in the Nevada governor's race, donating hundreds of thousands of dollars to both incumbent Democratic Gov. Steve Sisolak and his Republican challenger, Joe Lombardo, state campaign finance reports show. Between his campaign and his largest political action committee, Sisolak is taking the most from casinos…

Industry ・ 06 August 2022

Review Journal

Hedging their bets: Casino industry donates to both gubernatorial candidates

The gaming industry is playing both sides in the Nevada governor's race, donating hundreds of thousands of dollars to both incumbent Democratic Gov. Steve Sisolak and his Republican challenger, Joe Lombardo, state campaign finance reports show. Between his campaign and his largest political action committee, Sisolak is taking the most from casinos…

Industry ・ 05 August 2022

Review Journal

Macao casino reopen, but business continues to be slow and will be for some time

The good news for Macao's 41 casinos is that the government has allowed the properties to open their doors again. The bad news: Not many people are coming through them. The fact that tourists face a seven-day quarantine before being allowed into the region is one big reason for the lack of visitors, according to a source familiar with the situation…

Covid ・ 27 July 2022

Review Journal

Sands casinos among properties that will be allowed to reopen Saturday morning

Las Vegas Sands Corp., operators of casinos in Macao and Singapore, reported tepid second-quarter revenue results Wednesday as health restrictions in Macao continued to batter resort operators there. The Las Vegas-based casino company reported a loss of $440 million, 38 cents a share, on revenue of $1.045 billion for the quarter that ended June 30.…

Covid ・ 20 July 2022

Review Journal

Macao casino shutdowns extended five days

Stock market prices for the affiliates of three Las Vegas companies operating in Macao began rebounding Monday, even after a weeklong government-ordered casino shutdown was extended by five days. The casino lockdown, which began July 11 and had been set to expire Sunday, is now scheduled to end July 23. Analysts have estimated the closures will…

Covid ・ 18 July 2022

Review Journal

Macao extends lockdown by 5 days, 3 Las Vegas based casinos affected

HONG KONG - The Chinese gambling enclave of Macao on Saturday extended its lockdown by five days as it grapples with the biggest outbreak of the coronavirus in over two years. Authorities said that industries and commercial companies will remain closed until July 23. The lockdown, which began July 11, had been set to expire Sunday. The shutdown…

Covid ・ 17 July 2022

Review Journal

Macao casinos to close as COVID-19 outbreak widens

Macao will shut almost all businesses, including casinos, for a week starting Monday as a COVID-19 outbreak in the Asian gambling hub showed few signs of abating, Macao Daily reported. Essential business operations including supermarkets and pharmacies will remain open, the report cited the city's officials as saying at a press briefing Saturday.…

Covid ・ 10 July 2022

Review Journal

Cosmopolitan Las Vegas exec Patrick Nichols named CEO of The Venetian

An executive at The Cosmopolitan of Las Vegas is returning to The Venetian to become president and CEO, replacing longtime leader George Markantonis. Patrick Nichols, who began working at The Venetian and has been a Las Vegas hospitality executive his entire career, was named the property's top executive Thursday by New York-based investment firm…

Industry ・ 10 June 2022

Review Journal

Macao gaming revenue slumps by 68 percent in May

On the day Chinese authorities lifted COVID-19 restrictions in Shanghai, Macao's Gaming Inspection and Coordination Bureau reported another steep decline in gross gaming revenue for the month of May. The bureau that monitors gaming revenue for Macao's 41 casinos - including several owned and operated by three Las Vegas-based companies - reported…

Finance ・ 02 June 2022

The Nevada Independent

Indy Gaming: Nevada casino regulators call cryptocurrency a ‘complex’ topic

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 Volatile pricing fluctuations that can…

Land-based ・ 01 June 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

Review Journal

New York casino licenses spur interest from local companies, Strip operators

Several Las Vegas resort companies are expected to vie for a license to open a casino in or near New York City. When New York Gov. Kathy Hochul and state legislative leaders fast-tracked the licensing of new casinos last week, they revived interest in the state's expansion of casino gambling in one of the most densely populated areas in the…

Gaming Authorities ・ 14 April 2022

Review Journal

Scottish gambler hits $280K jackpot on Strip

Last weekend turned out to be a very rewarding day for Peter Ferguson as he hit a jackpot while playing Ultimate Texas Hold'em on the Strip. Ferguson hit a jackpot of $280007 after being dealt a diamond royal flush on the popular Ultimate Texas Hold'em game Saturday, according to a company statement released Tuesday. The win occurred at The…

Winnings ・ 13 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

Review Journal

Macao gaming revenue dips to an 18-month low

Macao gaming revenue slumped to an 18-month low in March, Macao's Gaming Inspection and Coordination Bureau reported Friday. It was the second month this year that gross gaming revenue was below 2021 levels. The market showed a 6.1 percent rebound in February, thanks primarily to increased visitation during Chinese New Year celebrations. The bureau…

Finance ・ 02 April 2022

Review Journal

Optimism high among casino execs during Las Vegas investor forum

Nevada-based casino companies are poised for a strong 2022, judging by the upbeat comments from executives during an investment forum this week at Wynn Las Vegas. Casino executives said business is approaching or surpassing pre-COVID-19 levels, many companies are showing favorable group business calendars and leisure visitors continue to crowd…

Finance ・ 10 March 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

World Casino News

New casino tax regime for Singapore

In Singapore and legislators have reportedly amended the Casino Control Act following over two years of discussion and debate to institute a new tiered tax system for the island nation's pair of giant integrated casino resorts. According to a report from Inside Asian Gaming, the new provisions contained within in the recently-passed Gambling Duties…

Finance ・ 11 January 2022

Gambling News

New Singapore Gambling Duties Bill Increases Casino Tax Rates

Singapore's Parliament has released a new Gambling Duties Bill meant to streamline the country's gambling regulations. The amendments to the current Casino Control Act were originally discussed in 2019 as part of the Tourism Board's agreement with operators Las Vegas Sands and Genting Singapore. The talks targeted the expansion of the operators'…

Finance ・ 11 January 2022

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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

World Casino News

Positive pronouncements on Las Vegas Sands Corporation

In the United States and numerous industry analysts have reportedly predicted that the recent passing of Sheldon Adelson (pictured) at the age of 87 should have little serious impact on the immediate future of Las Vegas Sands Corporation. According to a story from CDC Gaming Reports, Adelson died at his home in southern California on Monday…

Industry ・ 17 July 2021