Casino stocks have been see-sawing for much of 2021, although the consensus is that most gambling and hospitality companies ended up in the doldrums so far as their stock price goes. However, just because they crashed doesn’t mean cheap stocks should be avoided. There are some reasons to be out there looking to buy into […]
In a battle over expanding Florida’s gaming scene, two sides will meet in court Wednesday. One side claims that the other has turned into intimidation and harassment. Las Vegas Sands vs the Seminole In a highly sensitive case, a Tallahassee judge will hear from groups backed by the Seminole Tribe of Florida and Las Vegas […]
Everyone wants a piece of the multi-million-dollar sports betting industry in Florida, and some parties are willing to implement the Machiavelli approach – the end justifies the means. That’s what Las Vegas Sands claims that the Seminole Tribe is doing at the moment. The Tribe is Accused of Many Illegalities The groups that are aligned […]
Global land-based casino operator Las Vegas Sands (LVS) released its financial results for the quarter ended June 30, 2021, posting an operating loss for the quarter. Slow Pace of Recovery Las Vegas Sands revealed net revenue in the second quarter amounted to $1.17 billion, which compared to the $62 million the world’s leading developer of […]
A senior executive of Las Vegas Sands based in Singapore retired and left the company, Inside Asian Gaming media reports. Marking the End of an Illustrious Career Andrew MacDonald, corporate senior vice president, and chief casino officer at the Las Vegas gaming giant and its global subsidiaries, is already on leave until his official end […]
A casino company is stealing gambling industry headlines this week after it was revealed it made a multi-million contribution to a political committee to support gambling expansion. Statewide Casino Petition Florida Voters in Charge, a political committee with a mailing address in Jacksonville Beach, filed with the state’s Division of Elections documents to reveal the […]
Davis Catlin, a gaming industry veteran, will be leading Las Vegas Sands’ newly created digital gaming investment team. By creating the team, the company plans to grow further and solidify its position as a market leader in the iGaming space. This is a stark shift from the times when the late Sheldon Adelson was running […]
The case pitting Las Vegas Sands (LVS) against a former business partner is finally getting underway in a Macau courtroom. Marshall Hao, a Taiwanese businessman behind Asian American Entertainment Corporation (AAEC), is suing the casino operator over what he asserts is a breach of contract linked to LVS’s entry into the Macau gaming industry. It’s […]
A lawsuit filed in Macau against Las Vegas Sands (LVS) nearly a decade ago by a former casino license partner is seeking a mammoth compensation from the casino giant, Reuters reports. Claims for 70% of LVS’s Profits Asian American Entertainment Corporation, a company LVS submitted a joint bid for a Macau gaming concession in 2001 […]
Recovery of Macau’s gaming market is moving very slowly, a result of a year-long COVID-19 pandemic that continues to hint at a resurgence. Even as some progress has been made in controlling the coronavirus and getting Macau back on its feet, Robert Goldstein, the chairman, and CEO of Las Vegas Sands (LVS), isn’t happy with […]
