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Industry
April 28, 2025
Macau May Cut Ties with US Concessionaires if US-China Relation Worsens
Fitch Ratings predicts possible headwinds for the three US-based Macau concessionaires due to the economic shifts. In an unlikely but possible worst-case scenario, Macau might decide to end its relationship with the three companies, Fitch experts suggested. Fitch Emphasized That the Worst-Case Scenario is Still Unlikely The three US-based Macau concessionaires include Las Vegas Sands, […]
Casino
April 24, 2025
Las Vegas Sands Exits Nassau Coliseum New York Casino Project
Las Vegas Sands has pulled out of its plan to build a big casino resort at the Nassau Coliseum location on Long Island. The company shared this news on April 23, 2025. They made this choice after voicing concerns about how online betting could hurt the profitability of physical casinos. Rising Online Betting Forces Las […]
Casino
April 21, 2025
Las Vegas Sands Backs Local Youth Programs with $100,000 Grant
Las Vegas Sands has shown its dedication to community growth by giving $100,000 to 100 Black Men Las Vegas. The Sands Cares program made this gift to help various projects that aim to boost young people in Southern Nevada. These efforts focus on education, mentoring, and career growth. Sands Grant Fuels New Youth Initiatives and […]
Casino
April 16, 2025
Las Vegas Sands Faces Challenges Despite Analyst Optimism
Deutsche Bank analyst Carlo Santarelli remains upbeat about Las Vegas Sands but recognizes the company’s tough spot in the face of ongoing economic and geopolitical obstacles. In a recent note to investors, Santarelli kept a “buy” rating on the stock even as he lowered the price target from $62 to $59 per share, pointing to […]
Industry
April 11, 2025
Singapore Renews Marina Bay Sands’ Casino License
Singapore’s gambling regulator, the Gambling Regulatory Authority (GRA), confirmed that it has renewed the casino license of Marina Bay Sands, one of its most iconic landmarks. This will allow the Las Vegas Sands-owned casino to continue to offer gaming for the next few years. Marina Bay Sands Successfully Renewed Its License According to an official […]
Casino
March 21, 2025
Las Vegas Sands Backs Down from Casino Proposal in Texas
Las Vegas Sands Corp has been passionately advocating for the arrival of casino resorts in Texas, but its efforts have so far come empty-handed. Even though the company divested from its properties in Las Vegas, Nevada, it has not yet been able to move the needle and get a project underway in Texas. Las Vegas […]
Business
March 7, 2025
LV Sands CEO Goldstein to Step Down, Dumont Expected to Succeed
NYSE-listed Las Vegas Sands has announced that chairman and chief executive officer Robert Goldstein will transition to the role of senior advisor beginning March 1, 2026. The leader in developing and operating integrated resorts with pioneering properties also revealed that its board of directors plans on nominating current president and chief operating officer Patrick Dumont […]
Industry
January 30, 2025
Sands NY Casino Bid Faces Opposition from Nassau Activists
A total of three new downstate licenses will be up for grabs in New York. Previously, the state’s Gaming Facility Location Board confirmed a deadline of June 27, 2025, that all interested applicants need to file their bids by. Recognizable gaming and hospitality giants are exploring options for a casino license bid with the list […]
Industry
December 10, 2024
Las Vegas Sands Donates $15M for Chinese Institute at UNLV
The University of Nevada, Las Vegas (UNLV) has announced the creation of a new institute for Chinese Language and Culture. The new institute will be sponsored by Las Vegas Sands and will reflect the global operator’s dedication to “global engagement and cultural exchange.” The Institute Will Provide Students with New Perspectives Las Vegas Sands has […]
Industry
November 27, 2024
LV Sands’ Adelson Continues Pro-Gambling Support in Texas
As the Texas Legislature is getting ready for the 2025 session, billionaire and owner of the Las Vegas Sands Miriam Adelson is intensifying efforts to legalize gambling in the state. Dr. Adelson, who brought in $95 million to the pro-Trump Preserve America PAC during Q3 2024, has significantly ramped up her political contributions as well. […]
