Articles tagged “sands”

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.

2 months ago

The Most Highly Compensated Hotel CEOs of 2017

The Most Highly Compensated Hotel CEOs of 2017

Deanna Ting, Skift

We can only hope that a large portion of Steve Wynn's $34 million compensation from last year will go to his multiple alleged victims.

4 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.

5 months ago

The 10 Most Highly Compensated Hotel CEOs of 2016

The 10 Most Highly Compensated Hotel CEOs of 2016

Deanna Ting, Skift

Yet again, Steve Wynn keeps winning, as are his gaming counterparts. Marriott CEO Arne Sorenson, who managed to win an all-out battle for Starwood last year, was the top-ranked non-gaming CEO.

1 year ago

Macau’s Casinos Are Betting on Lunar New Year Travel to Boost Bookings

Macau’s Casinos Are Betting on Lunar New Year Travel to Boost Bookings

Lisa Pham, Bloomberg

The world's largest casino market could use some good fortune this year after suffering through challenging two years.

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

Macau Sees Better Than Expected Gaming Revenues in July

Macau Sees Better Than Expected Gaming Revenues in July

Daniela Wei , Bloomberg

Macau's challenged gaming and tourism industry needs as many good signs as it can get, especially as the destination prepares to welcome two of its newest and biggest developments in the next few months.

2 years ago

Tourists Are Helping Macau’s Casinos Bounce Back

Tourists Are Helping Macau’s Casinos Bounce Back

Daniela Wei, Bloomberg

This is certainly welcome news for Wynn and Sands, both of which have mega resort-casinos opening in Macau later this year.

2 years ago

The 10 Most Highly Compensated Hotel CEOs of 2015

The 10 Most Highly Compensated Hotel CEOs of 2015

Deanna Ting, Skift

Despite troubles in Macau, the usual suspects — namely gaming CEOs — took home the most money in 2015, with Wyndham’s CEO grabbing the No. 2 spot.

2 years ago

Sands China Profits Jump 50% as Macau’s Visitor Numbers Rise

Sands China Profits Jump 50% as Macau’s Visitor Numbers Rise

Vinicy Chan, Bloomberg

Added attractions at Macau are bringing in more visitors from a broader number of countries. Casinos, the largest attraction on the strip, are reaping the rewards.

4 years ago

Las Vegas Sands Restores Websites After Unidentified Hacking Attacks

Las Vegas Sands Restores Websites After Unidentified Hacking Attacks

Christopher Palmeri, Bloomberg

The unidentified attacks couldn't come at a worst time as casino giants look towards a future where online gaming becomes a business necessity.

5 years ago

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

Christopher Palmeri, Bloomberg

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.

5 years ago