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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 […]
Casino
July 23, 2020
LVS: Second Quarter Net Loss of Nearly $1B
Las Vegas Sands (LVS) issued its second quarter financial results Wednesday, giving investors a taste of what the material impact of the ongoing health crisis onto the largest casino operators was. LVS posted a net loss of $985 million for the three months ending June 30, a huge drop from the more than $1.1 billion […]
Business
May 13, 2020
Las Vegas Sands Pulls out of Japan Integrated Resort Bid
Gaming and hospitality industry giant Las Vegas Sands is pulling out of Japan’s integrated resort bid. Japan IR Bid No Longer a Plan for Las Vegas Sands Las Vegas Sands has withdrawn its bid for a Yokohama prefecture Integrated Resort (IR) in Japan, the company announced in a press release on Tuesday, May 12. An […]
Casino
May 11, 2020
LVS May be Considering the Acquisition of Wynn Resorts, Analysts Suggest
Las Vegas Sands (LVS) may be looking to acquire Wynn Resorts, an analysis by a boutique investment bank and advisory firm for the gaming industry suggests. Union Gaming LLC, in a note published Thursday overnight, cited Okada Manila in the Philippines, Australia-based Crown Resorts, and Wynn Resorts, all three as potential acquisition targets for the […]
Casino
April 17, 2020
LVS Issued Investor Update, Suspending Dividend, Maintaining Capital Expenditure
Las Vegas Sands issued a press release today re-affirming its strategic priorities amid the ongoing health and economic crisis generated by the outbreak of the coronavirus-induced infection. The Nevada-based casino and hospitality operator Las Vegas Sands /LVS/ is deep in the midst of the virus-stricken gambling industry. And the impact on the operator is huge […]
Casino
April 3, 2020
Caesars Will Furlough 90%, LVS Will Pay 100% for 2 Months
Caesars Entertainment announced Thursday the closure of their land-based gaming facilities in the US would affect 90% of its staff, employees who would remain employed but placed on furlough for an indefinite period of time. Trim Wage Costs The casino and hospitality operator that has nearly 64,000 employees on a payroll explained it would move […]
Casino
February 23, 2020
Eldorado Might Sell Several Caesars Las Vegas Strip Properties
Eldorado is rumoured to be considering the sale of some properties within the Caesars Palace on the Las Vegas Strip, after the merger between the two rival companies is finalized later this year. Sales Of Assets The $17.3 billion acquisition of Caesars Entertainment by its rival in the casino and hospitality industry, Reno-based Eldorado Resorts, […]