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The Latest in las vegas sands
Legal
February 26, 2024
Las Vegas Sands Faces Further Trouble in New York
Las Vegas Sands’ grand plans for a multi-billion dollar resort and casino in Uniondale have suffered another significant setback. State Supreme Court Justice Sarika Kapoor, who previously invalidated Sands’ lease with Nassau County, has declared that the company lacks a valid lease for the Coliseum and its surrounding land. Significant public pushback to the project […]
Casino
January 29, 2024
Marina Bay Sands Receives Green Light for Fourth Hotel Tower
The approval, listed in URA data released at the end of the December 2023 quarter, allows Marina Bay Sands (MBS) to proceed with its expansion project, which significantly bolsters guest capacity, expanding the venue’s impressive hotel and retail space. The project is situated alongside MBS’s existing three towers and should help attract new customers, significantly […]
Business
January 19, 2024
Deutsche Bank Analyst Reevaluates Q4 Projections for Las Vegas Sands
Las Vegas Sands, the globally recognized hospitality and gaming company, confirmed the launch of a massive revamp at Marina Bay Sands back in February 2022. Earlier this week, the second phase of the project was initiated which involved a $750 million reinvestment. Again, this week, Las Vegas Sands’ share price target marked an increase. Carlo […]
Casino
December 11, 2023
Las Vegas Sands Affiliate Acquires Land in Irving Ahead of Mavericks Deal
In a move that adds intrigue to the recent acquisition of a majority stake in the Dallas Mavericks by Las Vegas Sands Corp. matriarch, Miriam Adelson, it has come to light that an entity linked to the gaming giant purchased a significant parcel of land in Irving, Texas, just months prior to the high-profile sports […]
Business
December 8, 2023
Adelson Completes $2 Billion Stock Sale, Paving the Way for the Dallas Mavericks Purchase
Gambling industry stakeholders are keenly observing the details surrounding the Dallas Mavericks purchase, as it fueled speculations about the future of legalized gambling and sports betting in Texas. The deal should be completed by the year’s end as the team changes hands to the Adelson family, one of the gambling industry’s most famous billionaire magnates. […]
Business
December 6, 2023
Las Vegas Sands Corp Increases Stake in Sands China Ltd Amidst Market Downturn
Las Vegas Sands Corp (LVS) is strategically adjusting its position to boost its holdings in its Macau subsidiary, Sands China Ltd. A Hong Kong Stock Exchange filing revealed that the company’s controlling shareholder, LVS, intends to engage in a share purchase transaction with an undisclosed financial institution. Sands China hopes for enduring success in the […]
Legal
November 21, 2023
Las Vegas Sands Legal Battle over NY Bid Continues
In May this year, Nassau County legislators voted 17-1 in favor of a 99-year lease for the Coliseum to the leading gaming and entertainment company, Las Vegas Sands (LVS). The company joined the race for one of three downstate casino licenses and the lease marked the start of its plan for a project with a […]
Casino
November 13, 2023
Sands Nassau County Casino Project Gains Reprieve with New York Appeals Court Stay
The ambitious Las Vegas Sands casino and hotel project in Nassau County received temporary permission to move forward as the Appellate Court issued a stay on a recent ruling that annulled the county’s approval of the venture. A later hearing will decide the project’s fate and will be instrumental in determining its viability. Rising Public […]
Casino
October 26, 2023
LVS Reiterates Plan to Pursue Casino License in New York
After legalizing and launching mobile sports betting, New York surpassed markets that have operated for years, bringing record handle and revenues. Amid the growth of the popularity of mobile wagering, lawmakers in the state proposed expansion for the retail gambling sector. Earlier this year, New York lawmakers approved a plan that proposes the creation of […]
Business
October 19, 2023
Las Vegas Sands Enjoys Strong Q3, Posts $2.8bn in Net Revenue
The leading developer and operator of integrated resorts, Las Vegas Sands (LVS), released its latest financial results, outlining strong performance for the company for the three months ended September 30, 2023. The latest unaudited financial results emerged Wednesday and see the gaming and entertainment operator post $2.8 billion in net revenue for the third quarter […]