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  1. Sands China names two new executives

    Posted Jul 28th 2010, 12:00am by Staff Reporter

    ... Neil Gough Macau casino operator Sands China yesterday appointed two new senior executives after firing chief executive Steve Jacobs last week. Sands hired Edward Tracy, a veteran of the Trump Organisation and a native American casino group, as president and chief operating officer in charge of non-gaming operations in Macau. Former Wynn Las Vegas executive David Sisk is joining ...

  2. Sands China chief removed from post

    Posted Jul 24th 2010, 12:00am by Staff Reporter

    ... Neil Gough Sands China chief executive Steve Jacobs was removed from his position with immediate effect yesterday after 15 months in the job, the Macau casino developer said in a stock ... China's New York-listed parent company, Las Vegas Sands Corp. His departure comes halfway through construction of a 6,000-room Sheraton, Shangri-La and Traders casino-hotel complex with a total ...

  3. Sands China earnings below market forecast

    Posted Mar 03rd 2010, 12:00am by Staff Reporter

    ... Neil Gough While all other Macau casino stocks rose on news of February's 69.4 per cent revenue surge, shares in Sands China slipped yesterday after the newly listed firm reported ... once work resumed. Sands China said net revenue rose 8.1 per cent last year to US$3.3 billion based on Hong Kong accounting principles. Cash flow, or adjusted earnings before interest, tax, ...

  4. Macau reins in development with rejection of Sands' plan for Cotai

    Posted Dec 04th 2010, 12:00am by Staff Reporter

    ... to protect. If I were him, I would concentrate on protecting those,' he said. Perhaps he spoke too soon. Adelson's Sands China said yesterday that the Macau government had rejected its long-standing application to develop another multibillion-dollar casino resort complex on Cotai, on an 110,200-square-metre site also being eyed by Ho's SJM Holdings. Sands China was caught out ...

  5. Sands lists causes for dismissal of CEO

    Posted Jan 01st 2011, 12:00am by Staff Reporter

    ... Neil Gough Sheldon Adelson's Las Vegas Sands and its locally listed subsidiary have responded to a Nevada lawsuit filed by former Sands China president and chief executive Steven ... by Venetian Macau Ltd, a Macau-based unit of Sands China. In addition, the firms accuse Jacobs of 'repeatedly acting in a manner which exceeded [his] authority', according to a copy of his ...

  6. Sacked executive sues Sands for US$10m

    Posted Oct 23rd 2010, 12:00am by Staff Reporter

    ... Neil Gough Steve Jacobs, the ex-president and chief executive of Macau casino developer Sands China, is suing his former employers for breach of contract over a contested severance package and stock options potentially worth more than US$10 million. Jacobs filed the civil action in Las Vegas this week seeking unspecified damages from Las Vegas Sands Corp, Sands China's New ...

  7. Macau boom and strong Singapore debut cut Las Vegas Sands losses

    Posted Jul 29th 2010, 12:00am by Staff Reporter

    ... quarter. The US parent of locally listed Sands China saw revenue at its three Macau properties- the Venetian, Sands and Four Seasons- rise 41.5 per cent from a year ago to US$1.03 billion. Macau ... quarter of next year and Adelson said yesterday it was 'too early to tell' if further delays due to the labour issue would be necessary. Sands China acting chief executive Michael Leven ...

  8. Sands to resume work on stalled Cotai casino resort

    Posted May 12th 2010, 12:00am by Staff Reporter

    ... months of delays, developer Sands China appears at last to have secured the necessary US$1.75 billion bank loans needed to resume work on the 6,000-room resort project the company refers blandly to as 'Parcels Five and Six'. 'We're going to close Friday. No later than Monday,' Sands China chief executive Steve Jacobs said yesterday of the financing package. Sands plans to use ...

  9. Richard Suen's claim for helping Sands in Macau to be retried

    Posted Nov 20th 2010, 12:00am by Staff Reporter

    ... and then vice-premier Qian Qichen. The court later added US$14.8 million in interest payments to the jury's award. The New York-listed firm, parent of locally listed Sands China, had made no provisions ... Neil Gough The Nevada State Supreme Court overturned a US$58.6 million judgment in favour of Hong Kong businessman Richard Suen Chi-tat for helping casino developer Las Vegas Sands win ...

  10. Marina Bay Sands is Adelson's new jewel in the crown

    Posted Oct 29th 2010, 12:00am by Staff Reporter

    ... to trump Hong Kong-listed subsidiary Sands China's three-year-old Venetian Macao, a favourite of mainland high rollers and day trippers, whose operating income of US$156.87 million ... earnings in the third quarter, profit at the Venetian Macao has already been surpassed by Singapore's newly opened Marina Bay Sands. Marina Bay Sands' first full quarter in business saw ...




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