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Industry
July 19, 2024
Nassau County Residents Rally Against Las Vegas Sands Casino
On Thursday, Nassau County residents and community leaders gathered in protest against plans to establish the second-largest casino in the United States within their community. This rally comes on the heels of the unanimous vote by the Nassau Planning Commission to transfer control of the Nassau Coliseum to Las Vegas Sands, marking a vital step […]
Casino
July 18, 2024
Las Vegas Sands’ Stock Takes Hits as Donald Trump’s Reelection Odds Shorten
Las Vegas Sands is in a strange position. The business founded by the late Sheldon Adelson, a staunch Republican supporter, has not deviated from its pro-GOP line under the control of Miriam Adelson, Mr. Adelson’s wife. LVS’ Stock Experiences the Jitters as Trump’s Chances Grow Steadily Yet, as the polls continue to steadily increase in […]
Industry
May 31, 2024
Las Vegas Sands’ Adelson to Back Trump’s Campaign
Dr. Miriam Adelson, the widow of the late Sheldon Adelson and the largest Las Vegas Sands stakeholder, will back Trump’s bid for the presidency, reports say. According to people familiar with the matter, Adelson will support the ex-president’s re-election effort via Preserve America, a super political action committee (PAC). Preserve America, which is dedicated […]
Industry
May 23, 2024
LVS Head Supports Dade Phelan Ahead of May Runoffs
Texas House Speaker Dade Phelan has secured financial backing from a variety of businesses, including the head of the casino juggernaut Las Vegas Sands. This money comes at just the right time as far-right competitors seek to remove moderates from the party. As the runoffs draw near, Phelan’s campaign secured significant backing from Miriam Adelson, […]
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 […]
