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Articles tagged “macau”

Tourism

Las Vegas Sands loses its auditor in the middle of corruption probe

The competitors that U.S. gaming companies are facing in Macau present new challenges, and Sands, Wynn, and the others need to figure out how to compete if they want to stay in the game.

Tourism

Wynn Resorts profit on the rise thanks to Vegas bump, but Macau growth slows

The big news this season for Wynn isn't the Q1 results, its the potential unraveling of his empire thanks to a very messy divorce. This time next quarter, he may have lost control.

Wynn Resorts profit on the rise thanks to Vegas bump, but Macau growth slows

Hotels

Sands China’s CEO predicts double-digit growth for Macau gaming in 2013

Meanwhile, back in the U.S., Atlantic City looks on with envy as it desperately tries its next great hope to lift revenues and inbound tourism.

Sands China’s CEO predicts double-digit growth for Macau gaming in 2013

Skift Originals

The world’s most tourism-dependent countries

Fascinating list, if only to understand how vital the links -- literally -- to the outside world are for these countries, for their own economic growth.

The world’s most tourism-dependent countries

Tourism

Las Vegas Sands casino says “whoops” for violating federal anti-corruption act

In the defense of Sands and its rival Wynn: Unless they do want their business to die in Las Vegas like gaming died in Atlantic City, they're going to have to play by a different set of rules in Macau than Vegas would like, and they're going to need to work with federal regulators to make this possible.

Las Vegas Sands casino says “whoops” for violating federal anti-corruption act

Tourism

China tries to crack down on illegal gambling promoters

There's too much money at stake for real reform to take place, but the facade of periodic clean ups keeps government ministers happy.

China tries to crack down on illegal gambling promoters

Hotels

Macau’s earnings make Las Vegas Sands’ fourth quarter fantastic

Sands CEO says the company has no projects planned for the oversaturated U.S. market and will in turn focus on its rising stars in Macau, which bypassed Vegas to become the gaming capital of the world this year.

Macau’s earnings make Las Vegas Sands’ fourth quarter fantastic

Tourism

The next big spenders on luxury shopping: Chinese men

And we'll keep going back to the same theme over and over again this year: everybody wants a Chinese tourists, especially those doing luxury shopping.

The next big spenders on luxury shopping: Chinese men

Tourism

MGM is headed back to Macau after receiving approval for second casino

The promise of profits multiple times greater than what they'd find in Vegas has pushed U.S. operators into Macau where they've had varying levels of success.

MGM is headed back to Macau after receiving approval for second casino

Tourism

Macau crosses Vegas as world’s biggest gaming hub

Las Vegas' problems during last recession was symptomatic of the larger malaise in U.S., and it is still recovering, while Macau, while going through a bit of a slowdown, still has the huge Chinese pipeline coming.

Macau crosses Vegas as world’s biggest gaming hub