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  1. Up to 11,000 jobs face axe at Macau Sands

    Posted Nov 14th 2008, 12:00am by Fox Yi Hu

    ... Fox Yi Hu in Macau Troubled casino operator suspends development projects More than 9,000 workers, including 4,000 from Hong Kong, are being sacked from Las Vegas Sands' construction ... affected but Sands will continue to pay their wages until a decision is made on whether to hire some of them on other projects. The projects, known as parcels 5 and 6, include the Sheraton, ...

  2. Asian shipyards face overcapacity threat

    Posted Dec 28th 2010, 12:00am by Keith Wallis

    ... areas such as ship repair may threaten the sector. Bimco has 900 shipowners as members who control about 66 per cent of the world's merchant fleet. Peter Sand, the Bimco shipping analyst, ... competitiveness and ensure the survival of its Korean shipbuilding operations. It also has a shipyard in the Philippines. Sand said mainland shipyards are better insulated than their Asian rivals after ...

  3. Macau casinos might get lucky after run of dwindling revenue

    Posted Feb 09th 2009, 12:00am by Staff Reporter

    ... Neil Gough United States-listed Macau plays Las Vegas Sands, Wynn Resorts and Melco Crown Entertainment will start the earnings reporting season as early as this week, and few ... and Las Vegas Sands. However, despite the challenges, analysts see potential for some positive surprises from the coming earnings releases. Most operators have responded to the downturn ...

  4. Labour shortage poses challenge to casino firms

    Posted Aug 13th 2010, 12:00am by Staff Reporter

    ... Neil Gough A brewing labour shortage in Macau is one of the biggest challenges facing the billion-dollar casino resorts now under construction or planned for the Cotai Strip. Sands China ... to build and staff their businesses. All casino dealers have long been required to be local residents. In addition to creating well over 10,000 temporary construction jobs, Sands' new ...

  5. Casino chiefs' sackings blamed on quest for perfection

    Posted Jul 18th 2004, 12:00am by Freda Wan

    ... Freda Wan Every day, gamblers at Macau's glitzy Sands casino crowd the tables and frequently exhaust the cash in the ATMs. Despite its apparent success, the Macau-based management ... to comment. The management changes surprised some within Sands, because as the casino searches for replacements, it is also preparing for its grand official opening. It is also developing more ...

  6. StanChart chief draws up blueprint for success

    Posted May 04th 2009, 12:00am by Enoch Yiu

    ... Standard Chartered group chief executive Peter Sands became one of the architects of Britain's bailout plan for troubled lenders and is among the few bankers still wearing a smile during ... and Britain suffered losses from huge provisions made for subprime mortgage loans. Mr Sands was a key adviser to the British government's much-praised bailout plan involving fund injections ...

  7. Lai See

    Posted Jan 07th 2010, 12:00am by Howard Winn

    ... raised the prospect of its chief executive Peter Sands (above) moving to Asia with the Financial Services Authority in London. This would be a problem, the bank was told, since it had no executive chairman in London. But we gather that the plan foundered on an entirely different issue. If Sands were to go to Asia, Singapore and Hong Kong were the obvious choices. But choosing either ...

  8. All In

    Posted Feb 20th 2009, 12:00am by Staff Reporter

    ... or seen pay reduced as a result. Las Vegas Sands laid off as many as 11,000 construction workers in November after the credit crisis forced it to suspend work on a 6,400-room resort complex across ... Vegas Sands followed with its own 13.3 per cent pay cut for 6,800 local gaming employees, whose working hours were reduced by four days each month from January 1. The company also laid off 500 ...

  9. Galaxy plans unpaid leave for local gaming staff

    Posted Jan 22nd 2009, 12:00am by Staff Reporter

    ... or seeing their pay reduced. Las Vegas Sands Corp laid off as many as 11,000 construction workers in November after the credit crisis forced it to suspend work on a 6,400-room resort complex across the street from the Venetian Macao. Rival Melco Crown Entertainment last month imposed a temporary 7 to 8 per cent pay cut for about 3,600 employees at its Crown Macau casino hotel. The Sands ...

  10. Lai See

    Posted Sep 06th 2008, 12:00am by Ben Kwok

    ... Seasons which opened its doors last week, the sixth to do so since Wynn Macau started operations. But despite the competition, especially from Las Vegas Sands' massive Venetian complex, ... new Encore casino in Las Vegas and later used in the Encore in Macau in 2010. Las Vegas Sands still has bragging rights for its Sands Macao breaking even within 18 months of opening in May ...




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