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Casino
May 6, 2022
Macau’s Court of First Instance Reveals Reason behind the LVS-AAEC Ruling
Macau’s Court of First Instance has sided with Las Vegas Sands in the battle against Asian American Entertainment Corporation and the main reason why the latter was defeated in court was the failed attempt to sign a formal agreement. AAEC wanted to claim $12.1 billion in compensation. The Legal Battle between LVS and AAEC Explained […]
Casino
May 2, 2022
Las Vegas Sands Wins First Battle Against Ex-Macau Partner AAEC
Originally initiated in 2007 in Nevada and later on dismissed in 2010 on grounds of the plaintiff failing to prosecute the case, the long legal battle between American gaming company Las Vegas Sands Corp (LVS) and former Macau partner Asian American Entertainment Corp Ltd (AAEC) has finally reached a conclusion. According to the Macau Court […]
Casino
April 29, 2022
Las Vegas Sands Corp Reports $478 Million Loss for the First Quarter of 2022
The US-based casino resort operator Las Vegas Sands Corp posted net revenue of $943 million for the first quarter of 2022, compared to $1.2 billion in the prior-year quarter. The revenue of the casino division was $627 million of the total revenue, while the accommodation revenue amounted to $95 million. The revenue from food and […]
Sports
April 21, 2022
Las Vegas Sands Invests in US Integrity to Protect Sports Betting
Las Vegas Sands has sought to up its involvement in the integrity of the sports betting industry in the United States and beyond. To this end, the company is teaming up with a proven leader in the sector, US Integrity. The latter specializes in the tracking and monitoring of sporting contests and flagging potential corruption […]
Casino
April 4, 2022
Las Vegas Sands Gives up on Casinos in Northern Florida for Now
The Seminole Tribe of Florida may be definitively winning a case against the Las Vegas Sands Corp. after all after the two gaming giants brawled for a year over whether a measure can be placed on the 2022 ballot and enact a constitutional amendment allowing Las Vegas-style casinos in North Florida. Las Vegas Sands Exits […]
Casino
March 14, 2022
LVS Targets New Asian Country for IR, Goldstein Confirms for LVRJ
Las Vegas Sands may have exited The Las Vegas Strip but the company is hardly anywhere near slowing down its march in the gambling industry. A new interview with company chairman and chief executive officer Rob Goldstein for the Las Vegas Review-Journal suggests that LVS is planning some big moves ahead. Rob Goldstein Teases Stronger […]
Industry
February 25, 2022
Efforts for Casino Legalization in Texas Continue, LVS PAC
Las Vegas Sands’ recently established political action committee (PAC) continues to push for the legalization of casino gambling in Texas, a new report reveals. Las Vegas Sands Establishes PAC in Texas Currently, Texas is among the very few remaining US states that don’t allow sports betting. In fact, according to the American Gaming Association, 7 […]
Business
February 24, 2022
Apollo Global Strengthens As It Completes Las Vegas Sands Purchase
The Venetian and Palazzo casino resorts, as well as the former Sands Expo and Convention Center, have a new owner. Apollo Global Management and Las Vegas Sands (LVS) announced Wednesday that they have completed the sale of the iconic Las Vegas Strip properties. Changing of the Vegas Guard In separate statements, Apollo and LVS stated […]
Casino
February 16, 2022
LVS and AAEC’s 20-Year-Old Dispute Might End in the Coming Weeks
Macau’s Court of First Instance has picked Las Vegas Sands (LVS) over Asian American Entertainment Corp (AAEC) in a massive $7.5 billion lawsuit that dates back 20 years and which was filed over an alleged contract breach. LVS claims that the contract between the two companies ended on January 15, 2002, and it concerns a […]
Casino
February 8, 2022
Marina Bay Sands Set to Receive $1B in New Reinvestment Plan
Las Vegas Sands announced the biggest to date reinvestment plan for its Singapore integrated resort Marina Bay Sands as all industry eyes are on the recovery of global tourism. Commitment to Hospitality Experiences The $1 billion reinvestment plan spanning hotel rooms and suites, new food and beverage offerings and other enhancements is the latest display […]