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Tag Archives: Las Vegas Sands

China – Sands’ US$61bn spend in Macau and 25,000 employees keeps it in pole position

Morgan Stanley has cast its eye over the Macau casino licence renewal process, stating that Sands China is at least risk of losing its licence having invested the most money, being the biggest employer in the Macau casino sector and generating the largest percentage of non-gaming revenue. Analysts Praveen Choudhary and Gareth Leung highlighted that…

Singapore – Travel restrictions and reduced visitation continue to impact Las Vegas Sands

Las Vegas Sands said that travel restrictions continued to affect visitation to its casinos for the quarter ended September 30, 2022, with revenues decreasing to $251m, compared to $611m in the third quarter of 2021.  Net loss for SCL was $472m, compared to $423m in the third quarter of 2021. “While travel restrictions continued to impact our financial results this…

US – Las Vegas Sands completes strategic investment in newly formed Huddle Tech

Las Vegas Sands, the global integrated resort developer, has backed newly formed Huddle Tech Inc. with a strategic investment, following the recent merger of Huddle Gaming and DeckPrism Sports. Huddle offers an array of advanced automated solutions for trading, odds feeds, and risk management for iGaming operators. DeckPrism is the premier provider of North American…

US – Las Vegas Sands helps fund The LGBTQ Center of Southern Nevada

Las Vegas Sands has announced Sands Cares funding of just over $142,000 for The LGBTQ Center of Southern Nevada, extending the company’s partnership with Southern Nevada’s leading nonprofit organization serving the LGBTQ+ community. The Center has been a vital part of Las Vegas for more than 25 years, offering inclusive, life-enriching programs, events, education and…

Thailand – Bernstein links Sands’ latest Asian ambitions with Thailand

Brokerage firm Sanford C. Bernstein believes that Las Vegas Sands’ new Asian project is probably focused on Thailand. Sands Chairman and CEO Rob Goldstein detailed this week that the operator was in talks with a ‘major country’ in Asia where it wants to build a casino resort similar in size to Marina Bay Sands in…

Asia – Sands in talks with ‘major country’ for new casino resort in Asia

Having off-loaded its Las Vegas casinos, Las Vegas Sands Chairman and CEO Rob Goldstein has confirmed the operator is discussing building a Marina bay Sands scale reports casino with a ‘major country’ in Asia. Speaking to the Las Vegas Review-Journal, Mr. Goldstein said: “I don’t want to say where, but we’ve had some rather interesting conversations with…

US – Apollo completes acquisition of The Venetian Las Vegas

The Venetian Las Vegas and The Venetian Expo announced that funds managed by affiliates of Apollo have completed their acquisition of the operations of The Venetian Resort from Las Vegas Sands Corp. The Venetian Resort, which offers one of the world’s most elevated resort experiences, is now a private company backed by the Apollo Funds….

US – Apollo’s take over of Sands’ Las Vegas assets gets the green light

The Nevada Gaming Control Board has recommended the Nevada Gaming Commission approve the $6.25bn deal for Apollo Global Management to buy the Venetian, Palazzo, and the Venetian Convention and Expo Center from Las Vegas Sands Corp. The deal will see VICI Properties own the land and Apollo owning the operations with a lease deal on…

US – Sands loss in 2021 comes in at US$689m

Las Vegas Sands Corp. halved its loss last year, recording a loss of US$689m in 2021, compared to operating loss of $1.39bn in 2020, with revenues in the fourth quarter down 0.7 per cent on the quarter last year. “We remain confident in the eventual recovery in travel and tourism spending across our markets and…