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Tag Archives: Las Vegas Sands

China – Sands almost doubles Q3 earnings

Las Vegas Sands generated net revenue of $857m, compared to $446m in the prior year quarter. Operating loss was $316m, compared to $523m in the prior year quarter. Net loss from continuing operations inthe third quarter of 2021 was $594m, compared to $664m in the third quarter of 2020. Consolidated adjusted property EBITDA was $47m,…

China – Sands confident of returning to $5bn plus EBITDA from Asia

Despite positive adjusted property EBITDA in Macau and Singapore, Las Vegas Sands said it continued to be affected by pandemic-related travel restrictions and reduced visitation. For the quarter ended June 30, 2021, it generated net revenue of $1.17bn, compared to $62m in the prior year quarter. Operating loss was $139m, compared to $757m in the…

Japan – Sands rules out return to Japan casino race

Las Vegas sands has ruled itself out of potential return to the bidding process for a casino in Japan citing ‘too much uncertainty’ for its reluctance to revisit a project there. Sands pulled out of the dream of a Japanese integrated resort in May 2020, but some analysts believed that with the company offloading all…

US – Sands invests $17m into Florida casino ballot initiative

Las Vegas Sands Corp. has spent $17m in a fresh attempt to see commercial casino gaming introduced into Northern Florida, this time financing Florida Voters in Charge, a political committee that presented two proposed constitutional amendments. Voters In Charge is sponsoring a ballot initiative to give florida voters, not politicians, the exclusive right to approve…

US – Sands announces plan to invest in digital gaming

Las Vegas Sands is planning to make a strategic investment in digital gaming technologies focused primarily in the business-to-business space. As part of this effort, the company is building a digital gaming investment team, which will be led by Mr. Davis Catlin. Mr. Catlin is joining Sands after fourteen years with a leading investment firm….

US – Sands says ‘great strides’ have been made despite Texas hold up

Efforts to bring resort casinos and sports betting to the state of Texas have failed at the legislative committee stage with discussions on proposed new laws not being held before a legislative deadline set by the State Affairs Committee. The vote to discuss House Joint Resolution 133 before the May 31 end to the legislative…

US – Sands tops out its EBIDTA as revenue remains well down

Las Vegas Sands beat analyst consensus on EBIDTA as it delivered net revenue of $1.2bn, a decrease of 15.6 per cent from the prior year quarter, for the quarter ended March 31, 2021. “We couldn’t be more enthusiastic about the opportunity to welcome more guests back to our properties as greater volumes of visitors are…

US – Sands launches multi-million dollar ad campaign to bring casinos to Texas

Las Vegas Sands will launch a multimillion-dollar advertising campaign to promote its aim of opening a casino in Texas with a series of TV and radio ads. Sands is financing the campaign under the banner of its new Texas Destination Resort Alliance, which has unveiled a website. The first half-minute ad to launch informed Texans…

Asia – Las Vegas Sands eyeing Asian opportunities following Venetian sale

Las Vegas Sands has confirmed that it has its eyes fixed firmly on expansion in Asia following the sale of its assets in its domestic market. Speaking during J.P. Morgan’s Gaming, Lodging, Restaurant & Leisure Management Access Forum, and reported by Inside Asian Gaming, Chairman and CEO Rob Goldstein said: “Las Vegas was a small…