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Industry
May 16, 2024
Ethics Complaint Filed by Nassau College Teachers over $120K Lobbying
The expansion of casino gambling in New York captured the attention of major operators within the industry. The competition is fierce as there are only three downstate licenses up for grabs and many more operators that have already submitted plans and reaffirmed their intention to secure one of the coveted licenses. Supporters of the proposed […]
Business
April 24, 2024
Las Vegas Sands Prepares for Major Debt Refinancing, Market Optimism High
Las Vegas Sands is gearing up for significant refinancing moves, with analysts anticipating a positive reception from the markets. CBRE Capital Advisors Inc., in a recent analysis, highlighted Las Vegas Sands’ plan to refinance a substantial portion of its outstanding debt, emphasizing its intentions to navigate upcoming financial obligations smoothly. Sands China and Las Vegas […]
Business
April 22, 2024
Financial Analysts Discuss Las Vegas Sands Stock Post-earnings
The globally recognizable gaming and entertainment giant, Las Vegas Sands, released its first quarter of 2024 results last week. On Wednesday, the company uncovered details regarding its performance in Singapore and Macau. Robert G. Goldstein, Sands’ CEO and chairman, revealed that the company was pleased with its operating results and performance in both Singapore and […]
Casino
April 18, 2024
Las Vegas Sands Discusses New York Licensing and Thailand’s Gaming Outlook
During Las Vegas Sands’ first-quarter earnings call, CEO Rob Goldstein addressed both setbacks in New York‘s licensing process and the company’s interest in Thailand‘s gaming potential, shedding light on its strategic outlook amidst evolving market dynamics. Las Vegas Sands Faces Extended Timelines in New York In response to delays in New York’s casino licensing, Goldstein […]
Casino
April 5, 2024
Marina Bay Sands to Build Fourth Tower by 2029
Marina Bay Sands (MBS), Singapore’s renowned casino and hotel resort, is embarking on a significant expansion of its downtown property, with plans to construct a fourth tower by 2029. After being hindered by the COVID-19 pandemic, MBS announced on Friday that full-scale construction will commence by July 2025, aiming for completion by July 2029. The […]
Business
April 5, 2024
Moody’s Confirms Stable Outlook for LVS, Highlights Potential Credit Risks
The leading global provider of credit ratings, research and risk analysis, Moody’s Investor Service, released a new update, highlighting important details regarding the credit profile of the global gaming and entertainment giant, Las Vegas Sands (LVS). Earlier this week, the company published a credit analysis, highlighting that currently, LVS has a Stable Outlook. Moreover, Moody’s […]
Business
March 21, 2024
Las Vegas Sands CEO Goldstein Divests $5.2M in Company Shares
Recently, Robert Goldstein, Las Vegas Sands’ chief executive officer (CEO), divested a number of his shares in the company. The sale involved 100,000 shares of Class A common stock in the Las Vegas Sands, a Form 144 filing with the Securities and Exchange Commission (SEC) reveals. The SEC filing confirms that the 100,000 shares have […]
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 […]
