Articles tagged “las vegas sands”

Singapore Club Gets Indoor Ferris Wheel as Nightlife Operator Gets Tourism Lift

Singapore Club Gets Indoor Ferris Wheel as Nightlife Operator Gets Tourism Lift

Ranjeetha Pakiam and Joyce Koh, Bloomberg

This sounds like a crazy rich nightclub. The Singapore tourism boom revolves around more than just the benefits of a popular movie, but that didn't hurt, either.

2 months ago

Sands’ Reliance on Macau Fortunes Grows

Sands’ Reliance on Macau Fortunes Grows

Rob Golum, Bloomberg

Macau is producing for Las Vegas Sands, despite doubts early this year about the strength of Chinese spending. The company can thank lady luck for Macau, especially when its home base and Singapore are reporting lower earnings.

2 months ago

Singapore Steamrolls Casino Resorts to Invest $6.7 Billion More in Tourist Attractions

Singapore Steamrolls Casino Resorts to Invest $6.7 Billion More in Tourist Attractions

Pooja Thakur and Daniela Wei , Bloomberg

The iconic Marina Bay Sands will get a fourth tower. There will also be a new concert arena. Over at Resorts World, there’ll be two new hotels, a bigger Universal Studios, and an oceanarium. Singapore’s way of getting casino resorts to improve the city’s tourism appeal is smart and fair — never mind that it’s a bit of coercion. The resorts wouldn’t invest more if they weren't benefiting.

3 months ago

Japan Legalizes Casino Gambling in a Boon to Resort Developers

Japan Legalizes Casino Gambling in a Boon to Resort Developers

Lisa Du and Maiko Takahashi, Bloomberg

After years of debate, Japan legalized casino gambling and created a path for three casino resorts to be built. Operators are lining up for their chance to get in on the building boom.

11 months ago

Las Vegas Sands Sees Sales Rocket on Strength of New Macau Resorts

Las Vegas Sands Sees Sales Rocket on Strength of New Macau Resorts

Christopher Palmeri, Bloomberg

Sometimes gambling is a good bet. While best known in the U.S. for its Venetian hotel in Las Vegas, Sands generates most of its revenue from casinos in Macau and Singapore — which were more profitable in the first quarter of 2018 than had been forecasted.

1 year ago

Is Wynn Resorts in Play?

Is Wynn Resorts in Play?

Deanna Ting, Skift

Perhaps more important than who might eventually wind up buying Wynn is what a buyer would have to do with the brand's tarnished image.

1 year ago

Sands Casinos Using Celebs and Sports to Promote Japan Expansion

Sands Casinos Using Celebs and Sports to Promote Japan Expansion

Elaine Kurtenbach, Associated Press

Japan's venues for large public events are outdated, and hospitality companies are looking to invest as Japan is set to hand out new gaming licenses.

2 years ago

Las Vegas Sands Falls Short in the Fourth Quarter

Las Vegas Sands Falls Short in the Fourth Quarter

Associated Press

With a majority of its business in Macau, which has been challenging, it's not surprising Sands fell short of Wall Street estimates for the fourth quarter.

2 years ago

Decline in Macau Betting Hurts Las Vegas Sands’ Profits

Decline in Macau Betting Hurts Las Vegas Sands’ Profits

Christopher Palmeri , Bloomberg

Social and economic trends resulting in a decrease in gambling in Macau will have an impact across the casino industry.

4 years ago

Las Vegas Sands Reports Lower Than Expected Profits

Las Vegas Sands Reports Lower Than Expected Profits

Christoper Palmeri, Bloomberg

Global gaming companies now live and die by Macau, which is showing signs of slowing for the first time in its fantastic growth.

5 years ago

Las Vegas Sands Sued for $5 Billion by Jilted Macau Partner

Las Vegas Sands Sued for $5 Billion by Jilted Macau Partner

Farah Master , Reuters

Between a flurry of lawsuits and federal investigations related to Las Vegas Sands' activities in Macau, the hotel-casino company has some business to attend to.

5 years ago

Las Vegas Sands on Track to Add Thousands of Rooms in Macau

Las Vegas Sands on Track to Add Thousands of Rooms in Macau

Associated Press

The casino companies that have built up a presence in Macau are having one of the most profitable periods of their existence and only optimistic about growth ahead.

5 years ago