#Sands China Ltd

Seeking Alpha

Dallas casino buzz continues with Las Vegas Sands digging around (NYSE:LVS)

There are more reasons to think that Las Vegas Sands (NYSE: LVS) may have long-term plans to open a casino in the Dallas area. Property records in Dallas indicate that Las Vegas Sands Corp. (LVS) purchased around 100 acres of land near the old Texas Stadium site in the suburb of Irving. The Dallas Central Appraisal District records show the…

Travel ・ 12 December 2023

World Casino News

Increased Use of Mobile Phones and Gambling Market

Smartphones and other gadgets have reshaped the community during the last few years, and different industries needed to change to fulfill new technological requirements. The gambling industry is not an exception. Smartphone companies allowed downloading of various gambling apps from their app stores, and it increased the amount of mobile…

Mobile ・ 12 January 2023

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

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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

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

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

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

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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

Taipei Times

COVID-19: Stocks in Macau casinos fall as virus restrictions kick in

Macau casino stocks yesterday slumped as the Chinese gaming hub battled a COVID-19 outbreak, which has prompted tightened social distancing restrictions and mass testing. The sector has been hammered by the COVID-19 pandemic, with vital tourism revenues wiped out by some of the world's harshest measures to tackle the virus - including tough border…

Covid ・ 20 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

GGRAsia

Regulator okays Apollo acquisition of LVS ops in Nevada

The Nevada Gaming Commission has approved the acquisition by private equity firm Apollo Global Management Inc of the operations of the Las Vegas Strip properties owned by casino firm Las Vegas Sands Corp. The regulator voted 4-0 to approve Apollo Global Management as the operator of the Venetian Resort Las Vegas, Palazzo and the Sands Expo and…

Industry ・ 18 February 2022

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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

Gambling News

US Casinos in Macau Will Not Be Treated Differently, Fitch Ratings Claim

Fitch Ratings Inc insists that US-controlled casinos in Macau will not be treated any differently from casinos owned by Chinese entities in light of the recent gaming rights refreshments in the city. The company solidified its claim by adding that US casino subsidiaries are owned by public entities listed in Hong Kong, have invested a lot of money,…

Covid ・ 12 January 2022

GGRAsia

Gaming staff jobs not affected by junket rooms pause: govt

The Macau government has said that jobs of staff working in junket-promoted VIP rooms in the city could not be affected by the suspension of these venues, as those workers are contractually linked to the casino operators. In a joint statement on Wednesday, the Gaming Inspection and Coordination Bureau and the Labour Affairs Bureau said that…

Jobs ・ 09 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

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GGRAsia

Singapore casinos now request proof of vaccination

Singapore's two casino resorts have implemented since Wednesday new entry measures for gaming patrons, requesting proof of full vaccination against Covid-19 or some other form of stricter control. Marina Bay Sands casino resort (pictured) said in a message on its website, that its casino is only open to people who are "fully vaccinated, have a…

Covid ・ 15 October 2021

SBNation

China's casino crackdown part of quest to transform Macau

To many investors, Macau's push to extend oversight over the world's largest gambling hub came as a shock, triggering a record selloff in casino shares. To long-term observers, however, it was just the latest move in China's grand plan to transform the $24 billion economy. For years, Beijing has been focused on trying to control an industry that's…

Incidents ・ 25 September 2021

New Jersey Online Gambling

Casino Stocks Crash as Macau Considers Tighter Regulations

Shares of casino stocks tanked on Tuesday after Macau announced it will revise its gambling regulations. In just one day, casino companies operating in the world's largest gambling center lost roughly $18 billion in stock value. On Tuesday, Macau's Secretary for Economy and Finance announced a 45-day consultation period for the gambling industry.…

Finance ・ 15 September 2021

Devdiscourse

Hong Kong shares drop over 1.5% as tech, casino stocks weigh

Hong Kong shares ended lower on Wednesday, dragged down by tech and casino gaming stocks, following reports that Beijing will step up its efforts to promote the development of a "civilized" internet. ** The Hang Seng index closed 1.8% lower at 25033.21, while the China Enterprises Index lost 1.6% at 8936.53 points. ** Tech stocks declined after…

Finance ・ 15 September 2021

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Macau Casinos Plunge After Government Proposes Tighter Control

Macau's gaming stocks plunged in Hong Kong after officials in the Chinese enclave revealed a proposal to change casino regulations that could place tighter restrictions on the companies. Sands China Ltd. sunk 21% in Wednesday morning trading, and Wynn Macau Ltd. plunged 34%, both the most on record. Galaxy Entertainment Group slumped 18%, the…

15 September 2021

GGRAsia

Macau may end casino sub-concessions, directly monitor ops

The Macau government seeks, under proposed changes to the city's gaming law framework, to end the system of "sub-concessions" that enabled three extra Macau licensees to be created from what had been envisaged as a three-concession system at the advent of market liberalisation at the start of the century. There are also plans for…

Travel ・ 14 September 2021

Gambling News

The Asian Casino Sector Gets Its Own Awards Program

The integrated resort (IR) casino sector is getting its own awards program. The IR Academy Awards are coming for the first time next month, hosted by the Academy of Integrated Resorts and Gaming Executives in Asia. The Academy was formed by Inside Asian Gaming (IAG) at the beginning of this year, and was created to "advance professionalism within…

Travel ・ 13 September 2021

Review Journal

Border restrictions in Macao result in losses for Las Vegas Sands Corp.

Las Vegas Sands Corp. on Wednesday warned investors that its China subsidiary operating in the Macao market suffered losses in July and August because of border restrictions imposed by the government. In a Securities and Exchange Commission filing Wednesday, the company said, "Tighter border restrictions were implemented in Macao affecting…

Covid ・ 09 September 2021

Legit Gambling

Las Vegas Sands Agrees With Lenders On Dividend Program Suspension

Las Vegas Sands Corp (LVS) has reached a deal with its lenders about its dividend program. The company said it would be suspending its dividend program until the end of 2022 unless it reaches liquidity of a billion dollars. In exchange for this, its lenders which included the Bank of Nova Scotia agreed to relax its lending contract so that LVS can…

Covid ・ 07 September 2021

Mint

Covid-19 has China’s gambling hub on a long losing streak

Business remains muted in the once-bustling casinos of Macau more than a year and a half into the Covid-19 pandemic, while gambling operators wait for tourists to return en masse to the Chinese city. In August, gross gambling revenue in Macau slumped to the equivalent of $554 million, its lowest monthly total this year and a far cry from the $3…

Covid ・ 01 September 2021

GGRAsia

Singapore casinos see some non-gaming capacity loosened

Singapore's two casino complexes - Resorts World Sentosa and Marina Bay Sands - have since Thursday (August 19) been allowed to boost guest capacity at a number of their operating non-gaming attractions to 50 percent of pre-pandemic levels, from a previous 25 percent of capacity, according to information provided to GGRAsia by the properties'…

Covid ・ 20 August 2021

GGRAsia

Yibing Mao joins Las Vegas Sands board

Las Vegas Sands Corp, parent of Macau casino operator Sands China Ltd, said in a Tuesday filing in the United States that it had appointed Yibing Mao as a member of the parent group's board, with effect from July 16. Las Vegas Sands is also the parent of Marina Bay Sands Pte Ltd, the operator of the Marina Bay Sands casino resort in…

Travel ・ 21 July 2021

GGRAsia

Sands China says no links to online gaming site

Macau-based casino operator Sands China Ltd has issued a statement on Wednesday distancing itself from a website offering "online gaming" that it says is exploiting the company's brands. The statement was issued in response to a recently reported case involving an online gambling group that had illegitimately exploited the brand name "Sands Macao".…

Industry ・ 08 May 2021

The Motley Fool

The 3 Largest Gambling Stocks in 2020

The gambling industry is certainly an interesting place for investors to seek opportunity today. The casino side of the industry is in turmoil right now, as COVID-19 has changed the game for the leading players. However, if and when a COVID-19 vaccine is approved for safe use, these beaten-down stocks could surge big time. On the other hand, the…

Sports ・ 19 January 2021