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Casino
February 7, 2022
LVS Becomes Latest Concessionaire to Forego Junkets in Macau
Macau has undergone some significant changes in the way it issues licenses to casinos, part of a broader review that was intended to bring the Special Administrative Region (SAR) under the further control of Beijing. The move also gave operating casinos in the SAR a very strong incentive to sit up and listen. As a […]
Business
February 3, 2022
NGCB Approves Sales of Las Vegas Sands Properties to Apollo Global
Apollo Global Management is a step closer to returning to the Las Vegas Strip. The global investment firm has been targeting the gaming industry for years, but previous access to the Las Vegas casino scene didn’t go well. Apollo is working on a deal with Las Vegas Sands (LVS) to purchase three of the latter’s […]
Legal
January 27, 2022
Las Vegas Sands Fights Back Against $7-Billion Lawsuit in Macau
Las Vegas Sands (LVS) is back in court fighting a familiar foe. Asian American Entertainment Corporation (AAEC), a former business partner in Macau that helped it get its start there, has been trying to collect massive amounts of money for years. It argues that LVS breached its contract and, therefore, deserves a fat payday. It […]
Casino
January 14, 2022
Goldman Sachs Eyes LVS Stock as Good Investment in 2022
Casino stocks have been see-sawing for much of 2021, although the consensus is that most gambling and hospitality companies ended up in the doldrums so far as their stock price goes. However, just because they crashed doesn’t mean cheap stocks should be avoided. There are some reasons to be out there looking to buy into […]
Legal
December 8, 2021
Florida’s Gaming Scene in Turmoil as Court Fights Heat Up
In a battle over expanding Florida’s gaming scene, two sides will meet in court Wednesday. One side claims that the other has turned into intimidation and harassment. Las Vegas Sands vs the Seminole In a highly sensitive case, a Tallahassee judge will hear from groups backed by the Seminole Tribe of Florida and Las Vegas […]
Sports
December 3, 2021
Las Vegas Sands Joins the Florida Sports Betting Drama as It Sues the Tribe
Everyone wants a piece of the multi-million-dollar sports betting industry in Florida, and some parties are willing to implement the Machiavelli approach – the end justifies the means. That’s what Las Vegas Sands claims that the Seminole Tribe is doing at the moment. The Tribe is Accused of Many Illegalities The groups that are aligned […]
Business
July 22, 2021
Las Vegas Sands’ Q2 2021 Report Painted Slow Recovery
Global land-based casino operator Las Vegas Sands (LVS) released its financial results for the quarter ended June 30, 2021, posting an operating loss for the quarter. Slow Pace of Recovery Las Vegas Sands revealed net revenue in the second quarter amounted to $1.17 billion, which compared to the $62 million the world’s leading developer of […]
Industry
July 19, 2021
LVS Executive and Gaming Industry Icon Andrew MacDonald Retires
A senior executive of Las Vegas Sands based in Singapore retired and left the company, Inside Asian Gaming media reports. Marking the End of an Illustrious Career Andrew MacDonald, corporate senior vice president, and chief casino officer at the Las Vegas gaming giant and its global subsidiaries, is already on leave until his official end […]
Casino
July 16, 2021
LVS Targets Jacksonville Casino with $17m Committee Funding
A casino company is stealing gambling industry headlines this week after it was revealed it made a multi-million contribution to a political committee to support gambling expansion. Statewide Casino Petition Florida Voters in Charge, a political committee with a mailing address in Jacksonville Beach, filed with the state’s Division of Elections documents to reveal the […]
Industry
July 13, 2021
Las Vegas Sands to Explore iGaming Options
Davis Catlin, a gaming industry veteran, will be leading Las Vegas Sands’ newly created digital gaming investment team. By creating the team, the company plans to grow further and solidify its position as a market leader in the iGaming space. This is a stark shift from the times when the late Sheldon Adelson was running […]