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Casino
January 3, 2021
Packer Allegedly Meets with Adelson, Fuels Crown Sale Rumor
An encounter in the French Caribbean further fueled speculation Crown Resorts’ major shareholder James Packer is looking for the way out of the company, seeking to cash in on his 36% stake in the casino and hospitality operator. Multi-Million Yachts Docked Beside Each Other James Packer celebrated New Year’s Eve on board of his $200 […]
Casino
December 16, 2020
The Londoner Macao Set to Open Ahead of the Chinese New Year
Sands China is planning on opening its newly-rebranded The Londoner Macao property, GGRAsia reported, noting the availability of bookings for stays at the resort starting from January 22. Phase 1 Celebration According to the press release issued by the Chinese subsidiary of Las Vegas Sands (LVS) on Tuesday, the company is scheduling an official ceremony […]
Business
December 11, 2020
Sands China and LVS Renew Their Shared Services Agreement
Sands China, the Asia-Pacific subsidiary of Las Vegas Sands (LVS), announced it renewed a Shared Services Agreement with its parent company to continue to utilize marketing services from LVS targeted at international VIP clients and premium players. The renewed services agreement is set to run for 3 years from January 1, 2021, to December 31, […]
Industry
November 12, 2020
Gaming Analyst Suggests Interest in LVS Property Sale Would Be Big
If the gaming giant Las Vegas Sands considers selling its Venetian, Palazzo and Sands Expo properties in Las Vegas, there would be big interest from industry players, according to an industry analyst. There Would Be Interest If Las Vegas Sands Considers Selling Properties, Says Analyst There should be plenty of industry giants who may be […]
Casino
October 27, 2020
Las Vegas Sands Exploring $6B Sale of Its Strip Properties
Las Vegas Sands (LVS) is looking to sell its Strip properties, a Bloomberg report speculates based on information received from unnamed sources. By offloading its Las Vegas casino resorts Sheldon Adelson’s empire would be able to focus on Asian markets, Macau and Singapore, and support the development of other projects. LVS Soliciting Buyer Interest According […]
Business
October 22, 2020
LVS: Q3 2020 Revenue down YoY, Company’s Mood Remains Upbeat
Global developer and operator of integrated casino resorts Las Vegas Sands Corp. (LVS) released yesterday its third-quarter financial results, posting 82% drop in revenue compared to the same three-month-period in 2019. From Billions to Millions LVS reported $586 million in net revenue for the three months ending September 30, compared to $3.3 billion for the […]
Industry
August 27, 2020
Wynn and LVS Feature in Forbes 2020 Best Employers List
A number of Las Vegas casino and gaming companies were included in the America’s Best Employers by State list by Forbes. The global media giant released the second edition of its annual rankings which feature 5 casino operators and 1 technology provider among the 25 places reserved for Nevada, August 25. The Forbes survey is […]
Business
July 31, 2020
Las Vegas Sands President Outlines Strategy for Recovery
Robert Goldstein, president at Las Vegas Sands, has confirmed that Las Vegas and Nevada face hard times ahead, but recovery is possible and LVS has already set a plan in motion. Las Vegas Needs to Adapt to New Realities Speaking to CNBC on Thursday, Las Vegas Sands president Robert Goldstein confirmed that Las Vegas will […]
Business
July 30, 2020
Las Vegas Sands, Sheldon Adelson to Pay Employees Through At Least October 31
Las Vegas Sands will keep paying health benefits and salaries to all of its 10,000 employees through at least October 31, company chairman and CEO Sheldon Adelson has said. Sheldon Adelson Vows to Pay Employees Through October 31 Las Vegas Sands will continue to support workers by maintaining pay and covering benefits through at least […]
Business
July 27, 2020
LVS Waives Rents for Mall Tenants in Macao and Singapore
Las Vegas Sands Corp. filed information to the Securities and Exchange Commission (SEC), revealing the company waived for the first six months millions in rents to mall tenants in Macao and Singapore. The total amount of rents waived to support its tenants is $170 million and accounts for most of the decline in mall revenue […]