Tag Archives: Sands Macau
China – Improving Macau sees slight increase for Sands
Its new casino in Macau helped Las Vegas Sands deliver an increase in consolidated net revenue of 2.6 per cent, taking GGR in the third quarter to $2.97bn. Sands reported that adjusted property EBITDA in Macau increased 15.3 per cent to $628.5m in the third quarter with the new Parisian Macao casino contributing just over…
China – Adelson takes softer approach on Macau downturn
Despite challenging results in Macau that drove third quarter revenue down, Sheldon Adelson did his bit to ease Macau/American relations following criticism of the government by rival operator Steve Wynn. Whilst revenue for Sands’ Macau casinos dropped by 28.8 per cent to $1.66bn, Mr Adelson held his nerve. “We remain fully committed to playing the…
China – Sands China to compensate over slot glitch
The Gaming Inspection and Coordination Bureau (DICJ) of Macao has ruled that a gambler playing on a slot machine at the Sands Macao can claim compensation from the casino for a mechanical glitch that awarded him a jackpot of HK$1.3m (US$168,000). The investigation has found that the fault was with the slot machine. After initiating…
