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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 […]
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 […]