https://www.scmp.com/rss/222695/feed Las Vegas Sands is a US casino group, with resorts in the United States and Asia, including two luxury resorts on the Las Vegas Strip. In Asia, it owns the Marina Bay Sands in California, and several properties in Macau. Sands China’s assets include The Venetian Macao, Sands Macao and The Plaza Macao. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Gavin Yeung Gavin Yeung Only a year ago, Macau would have seemed like the last place to find a thriving craft cocktail scene. Its sprawling, bedazzling gambling resorts draw a predominantly mainland Chinese crowd who prefer Burgundy wines, Mao-tai or simply an ice-cold bottle of Harbin Beer with their baccarat. Locals, on the other hand, are famously nightlife-shy, preferring to retreat home at the end of the working day while saving up for weekend trips north to Zhuhai. Add to this the world-famous watering holes of... https://www.scmp.com/postmag/food-drink/article/3340765/asias-50-best-bars-came-macau-and-nothings-been-same?utm_source=rss_feed https://www.scmp.com/postmag/food-drink/article/3340765/asias-50-best-bars-came-macau-and-nothings-been-same?utm_source=rss_feed Fri, 23 Jan 2026 04:00:10 +0000 Kolette Lim Kolette Lim A Singapore-based event organiser has come under criticism after Canadian singer-songwriter Henry Lau warned fellow performers against using the venue where he appeared, following complaints from concertgoers that their views were blocked by pillars. Lau made the remarks during his set at the Singland Festival at the Marina Bay Sands convention centre on Saturday, saying he was speaking out “for the sake of future artistes” after struggling to connect with fans in the audience. “There’s a big... https://www.scmp.com/week-asia/lifestyle-culture/article/3338962/singer-henry-lau-calls-out-singapore-concert-venue-over-blocked-views?utm_source=rss_feed https://www.scmp.com/week-asia/lifestyle-culture/article/3338962/singer-henry-lau-calls-out-singapore-concert-venue-over-blocked-views?utm_source=rss_feed Tue, 06 Jan 2026 13:51:22 +0000 Mark Footer Mark Footer Singapore Unlike many other places in Asia, Christmas Day is an official public holiday in the city state. Not that the festivities will be limited to December 25. Returning for a 42nd year is Christmas on a Great Street, the “great street” in question being Orchard Road. Highlights of the event, which runs until January 1, include a Christmas Village at the Ngee Ann City Civic Plaza that features a 14-metre-tall tree and nightly snowfall shows. Over at Gardens by the Bay, the second annual... https://www.scmp.com/postmag/travel/article/3336238/guide-christmas-celebrations-singapore-taiwan-and-philippines?utm_source=rss_feed https://www.scmp.com/postmag/travel/article/3336238/guide-christmas-celebrations-singapore-taiwan-and-philippines?utm_source=rss_feed Sun, 14 Dec 2025 03:00:29 +0000 SCMP’s Asia desk SCMP’s Asia desk A man in Singapore offered a woman S$5,000 (US$3,848) and a public apology after he was confronted with molesting her buttocks as he exited a lift with his wife. Chinese national Hu Guisheng, 39, was jailed for six days upon pleading guilty on Wednesday to one charge of outrage of modesty in the March 8 incident. The social visit pass holder was in a lift at Marina Bay Sands (MBS) – an extravagant tourist attraction – with his wife and friends when he targeted the woman. Hu’s group was drinking... https://www.scmp.com/week-asia/people/article/3330026/man-singapore-offers-us3848-apology-after-molesting-woman-while-exiting-lift-wife?utm_source=rss_feed https://www.scmp.com/week-asia/people/article/3330026/man-singapore-offers-us3848-apology-after-molesting-woman-while-exiting-lift-wife?utm_source=rss_feed Thu, 23 Oct 2025 06:11:25 +0000 Mike Chan Mike Chan This year’s NBA China Games concluded on Sunday night, but close-season developments on and off the court have added to the intrigue over which teams could make a visit in the coming seasons. After the Brooklyn Nets beat the Phoenix Suns 111-109 in Macau on Sunday to split their two-game pre-season series, the Post revealed the Dallas Mavericks and the Houston Rockets would face off in another mouthwatering clash at The Venetian Arena in 12 months. A combined attendance of 22,634 from two... https://www.scmp.com/sport/basketball/article/3328819/nba-china-games-celtics-trail-blazers-thrown-mix-teams-coming-next-few-years?utm_source=rss_feed https://www.scmp.com/sport/basketball/article/3328819/nba-china-games-celtics-trail-blazers-thrown-mix-teams-coming-next-few-years?utm_source=rss_feed Mon, 13 Oct 2025 10:00:23 +0000 Peggy Sito,Mike Chan Peggy Sito,Mike Chan The NBA will return to China in 2025, with two pre-season games in Macau bringing an end to a years-long exile sparked by an official’s tweet in support of Hong Kong protesters in 2019. A multimillion-dollar agreement between the basketball league and Sands China was signed on Friday, with the Brooklyn Nets and Phoenix Suns scheduled to play two matches on October 10 and 12. Mark Tatum, the NBA’s deputy commissioner, called it an “exciting day” as he took part in a series of media events to... https://www.scmp.com/sport/basketball/article/3289764/nbas-deal-macau-marks-end-5-year-china-exile-brings-nets-suns-casino-city?utm_source=rss_feed https://www.scmp.com/sport/basketball/article/3289764/nbas-deal-macau-marks-end-5-year-china-exile-brings-nets-suns-casino-city?utm_source=rss_feed Fri, 06 Dec 2024 12:19:26 +0000 The return of mainland Chinese tourists boosted Macau casino revenues to 15.6 billion patacas (US$1.93 billion) in May, more than four times what they earned a year ago. On a monthly basis, the latest earnings were about 6 per cent higher than the 14.7 billion patacas Macau’s most important industry generated in April, according to government data. Since the start of the year, Macau’s casino revenues have amounted to about 65 billion patacas, nearly three times the 23.8 billion patacas... https://www.scmp.com/business/article/3222622/macau-casinos-hit-jackpot-return-mainland-chinese-tourists-fuels-fourfold-surge-revenue?utm_source=rss_feed https://www.scmp.com/business/article/3222622/macau-casinos-hit-jackpot-return-mainland-chinese-tourists-fuels-fourfold-surge-revenue?utm_source=rss_feed Thu, 01 Jun 2023 11:00:10 +0000 Martin Choi Martin Choi Macau’s gambling regulator will extend the territory’s casino licences for six months until the end of December, according to an announcement on the government’s website. The government asked Macau’s six casino operators to apply for the extension of their licences, which are due for expiry on June 26, the Secretary for Economy and Finance Lei Wai-nong told local media after a Legislative Assembly Standing Committee meeting on Thursday.. The six licences are held by Wynn Macau, Sands China, MGM... https://www.scmp.com/business/article/3169132/macau-extends-casino-licences-six-months-allow-legislature-enact-new?utm_source=rss_feed https://www.scmp.com/business/article/3169132/macau-extends-casino-licences-six-months-allow-legislature-enact-new?utm_source=rss_feed Thu, 03 Mar 2022 12:24:28 +0000 Las Vegas Sands is selling the Venetian casino resort and Sands Expo and Convention Centre for US$6.25 billion. In the two-part deal, VICI Properties will buy the property and all assets associated with the Venetian Resort Las Vegas and the Sands Expo for US$4 billion. Apollo Global Management will acquire the operations of the Venetian for US$2.25 billion. The global pandemic broadsided Las Vegas, shuttering the Strip where Las Vegas Sands is the biggest operator. Sales growth vanished last... https://www.scmp.com/business/companies/article/3123966/asia-focus-casino-operator-las-vegas-sands-sells-venetian-sands?utm_source=rss_feed https://www.scmp.com/business/companies/article/3123966/asia-focus-casino-operator-las-vegas-sands-sells-venetian-sands?utm_source=rss_feed Wed, 03 Mar 2021 15:02:39 +0000 Sheldon Adelson’s Las Vegas Sands is exploring the sale of its casinos in Las Vegas, according to people with knowledge of the matter, a move that would mark the mogul’s exit, for now, from the US gambling industry. The world’s largest casino operator is working with an adviser to solicit interest for the Venetian Resort Las Vegas, the Palazzo and the Sands Expo Convention Centre, which together may fetch US$6 billion or more, said the people, who asked to not be identified because the talks are... https://www.scmp.com/business/companies/article/3107181/billionaire-adelsons-las-vegas-sands-mulls-us6-billion-sale-us?utm_source=rss_feed https://www.scmp.com/business/companies/article/3107181/billionaire-adelsons-las-vegas-sands-mulls-us6-billion-sale-us?utm_source=rss_feed Tue, 27 Oct 2020 02:02:42 +0000 Las Vegas Sands Corporation’s Singapore casino has hired a law firm to conduct a new investigation into employee transfers of more than US$1 billion in gamblers’ money to third parties, according to people familiar with the matter. Davinder Singh Chambers LLC, which specialises in dispute resolution and international arbitration, was appointed after Singapore police began a probe of third-party transfers at Marina Bay Sands, said the sources, who asked not to be identified discussing private... https://www.scmp.com/news/asia/southeast-asia/article/3101883/singapores-marina-bay-sands-casino-reviews-transfers-us1?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3101883/singapores-marina-bay-sands-casino-reviews-transfers-us1?utm_source=rss_feed Thu, 17 Sep 2020 04:00:14 +0000 US President Donald Trump’s ban on Chinese social messaging service WeChat could undermine the operations of American casino operators in Macau and cloud their future in the city, according to industry observers. Trump issued an executive order on Thursday that will make it illegal for US citizens and corporations to conduct “any transaction that is related to WeChat”. The order is due to take effect 45 days from that date and was issued on the same day as a similar order banning TikTok, a... https://www.scmp.com/news/china/diplomacy/article/3096795/will-wechat-ban-cut-us-run-macau-casinos-vital-link-china?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3096795/will-wechat-ban-cut-us-run-macau-casinos-vital-link-china?utm_source=rss_feed Mon, 10 Aug 2020 22:30:11 +0000 Macau casinos suffered their worst month ever as travel restrictions during the coronavirus pandemic left the world’s biggest gambling hub struggling with few players and a heavy daily burn of cash. Gross gaming revenue plummeted 97 per cent to 754 million patacas (US$95 million) in April from a year earlier, according to data from the Gaming Inspection & Coordination Bureau. That’s the biggest drop on record, surpassing an 88 per cent plunge in February. Analysts were looking for a decline of... https://www.scmp.com/business/companies/article/3082433/macau-casinos-report-their-worst-april-record-gross-gambling?utm_source=rss_feed https://www.scmp.com/business/companies/article/3082433/macau-casinos-report-their-worst-april-record-gross-gambling?utm_source=rss_feed Fri, 01 May 2020 05:43:43 +0000 For all the optimism about the current state of his game after sweeping lifestyle changes, there was still a hint of disappointment in Phil Mickelson’s voice as he discussed regrets about his health and how his form has deteriorated in recent months. In Macau on Monday to run a Sands China junior coaching clinic with Chinese No 1 Li Haotong, the hall-of-famer spoke about his struggles and how the implementation of a new lifestyle regime – consisting of a nutritional makeover, dieting, yoga,... https://www.scmp.com/sport/golf/article/3034019/phil-mickelson-how-bad-diet-led-him-developing-arthritis-and-how-his-new?utm_source=rss_feed https://www.scmp.com/sport/golf/article/3034019/phil-mickelson-how-bad-diet-led-him-developing-arthritis-and-how-his-new?utm_source=rss_feed Tue, 22 Oct 2019 07:15:39 +0000 Sands China last week unveiled plans to upgrade the 1,200-room Holiday Inn at Sands Cotai Central in Macau, rebranding it as The Londoner, a destination resort in line with its other European city-based brands, The Venetian and The Parisian. The Londoner rebranding is part of a larger, US$2.2 billion expansion plan, to be unveiled by Sands China, which develops, owns and operates integrated resorts, retail malls and casinos, in stages. To start with, the Holiday Inn will make way for the... https://www.scmp.com/business/companies/article/3009924/sands-china-follow-parisian-and-venetian-londoner-part-us22b?utm_source=rss_feed https://www.scmp.com/business/companies/article/3009924/sands-china-follow-parisian-and-venetian-londoner-part-us22b?utm_source=rss_feed Mon, 13 May 2019 02:00:22 +0000 https://www.scmp.com/business/companies/article/1843160/best-bet?utm_source=rss_feed https://www.scmp.com/business/companies/article/1843160/best-bet?utm_source=rss_feed Thu, 23 Jul 2015 14:31:02 +0000 Macau’s biggest casino operator Sands China has announced that its president and chief executive Edward Tracy will retire on March 6. Sands said in a statement to the Hong Kong stock exchange that Tracy had decided to step down but will act as a consultant and work with senior management during the transition period. “Mr Tracy has confirmed that he has no disagreement with the board, and there are no matters that need to be brought to the attention of the shareholders of the company in respect... https://www.scmp.com/business/companies/article/1680554/sands-china-president-edward-tracy-set-retire-amid-turbulent?utm_source=rss_feed https://www.scmp.com/business/companies/article/1680554/sands-china-president-edward-tracy-set-retire-amid-turbulent?utm_source=rss_feed Fri, 16 Jan 2015 10:01:44 +0000 Sands China, the Macau casino operator controlled by Sheldon Adelson, posted a 50 per cent gain in first-quarter profit as its resorts drew more mass-market gamblers in the world's biggest casino market. Adjusted property earnings before interest, taxes, depreciation and amortisation at the Hong Kong-listed unit of Las Vegas Sands rose to US$938.1 million from US$626.4 million a year earlier, the parent company said in an earnings statement yesterday. That surpassed the US$937.5 million median... https://www.scmp.com/business/companies/article/1497254/mass-market-gamblers-boost-sands-china-profit?utm_source=rss_feed https://www.scmp.com/business/companies/article/1497254/mass-market-gamblers-boost-sands-china-profit?utm_source=rss_feed Fri, 25 Apr 2014 17:15:45 +0000 Las Vegas Sands is increasing its scrutiny of Macau junket operators in a move that may lead to a shake-out among the middlemen who account for two-thirds of the betting in the world's largest gambling market, a person familiar with the matter said. Junket operators, who bring wealthy gamblers from the mainland, are being asked to provide more information about their businesses to Sands as the company seeks to bolster its safeguards against money laundering and other wrongdoing, said the source.... https://www.scmp.com/business/companies/article/1465118/sands-steps-scrutiny-macau-casino-junkets?utm_source=rss_feed https://www.scmp.com/business/companies/article/1465118/sands-steps-scrutiny-macau-casino-junkets?utm_source=rss_feed Fri, 04 Apr 2014 17:00:45 +0000 Las Vegas Sands, the world's largest gambling company by market value, says it is ready to invest US$10 billion in Japan, projected to be Asia's second- largest casino market. "We will spend whatever it takes," Sands' billionaire chairman and chief executive Sheldon Adelson said in Tokyo. "We could pay all cash. We don't have to, but we will borrow money in a typical mortgage-to-value ratio." Sands was opening offices and hiring in Japan, Adelson said. The company would also consider working... https://www.scmp.com/business/companies/article/1434462/sands-willing-bet-us10b-japanese-casino-market?utm_source=rss_feed https://www.scmp.com/business/companies/article/1434462/sands-willing-bet-us10b-japanese-casino-market?utm_source=rss_feed Mon, 24 Feb 2014 17:30:00 +0000 Las Vegas Sands, the casino company controlled by billionaire Sheldon Adelson, has abandoned a plan to build a mega resort in Spain for more than US$30 billion and will focus on Asia instead. "We do not see a path in which the criteria needed to move forward with this large-scale development can be reached," Adelson said. The decision by Sands, the world's largest casino operator, ends prospects for a development that proponents said would have helped improve Spain's ailing economy and cut its... https://www.scmp.com/business/companies/article/1380649/casino-giant-sands-drops-plan-eurovegas-resort-spain?utm_source=rss_feed https://www.scmp.com/business/companies/article/1380649/casino-giant-sands-drops-plan-eurovegas-resort-spain?utm_source=rss_feed Sat, 14 Dec 2013 22:05:27 +0000 A Hong Kong businessman is one step closer to collecting a multimillion-dollar award from Las Vegas Sands, the largest US casino company. A Nevada judge on Tuesday denied Sands’ request to throw out a jury verdict awarding former consultant Richard Suen of Hong Kong US$70 million in a breach-of-contract case. Sands presented 12 reasons the company should be granted a retrial. After hearing a full day of arguments on Tuesday, District Judge Rob Bare declined to overturn the decision a jury... https://www.scmp.com/business/companies/article/1293275/hong-kong-businessman-step-closer-us70m-jury-award-sands?utm_source=rss_feed https://www.scmp.com/business/companies/article/1293275/hong-kong-businessman-step-closer-us70m-jury-award-sands?utm_source=rss_feed Wed, 31 Jul 2013 01:01:57 +0000 Las Vegas Sands' success continued in Macau, helping it more than double its net income in the second quarter. But growth was tepid in Las Vegas, and Wall Street expected stronger results overall. Revenue rose 40 per cent at Sands China, the company's Macau division, while profit more than tripled. Known for its high-roller gamblers and a growing base of middle-class Chinese visitors, Macau is the world's largest gaming market and the only place in China where casino gambling is legal. Chief... https://www.scmp.com/business/companies/article/1290221/macau-unit-powers-jump-sands-profit?utm_source=rss_feed https://www.scmp.com/business/companies/article/1290221/macau-unit-powers-jump-sands-profit?utm_source=rss_feed Thu, 25 Jul 2013 00:52:59 +0000 The centre of the gambling world has shifted 16 time zones away to a tiny spit of land on the southern tip of East Asia: Macau. An hour’s ferry ride from Hong Kong, it is the only place in China where casino gambling is legal. Each month, 2.5 million tourists flood the glitzy boomtown to try their luck in neon-drenched casinos that collect more winnings than the entire US gambling industry. The exploding ranks of the Chinese nouveau riche sip tea and speak in hushed tones as they play at... https://www.scmp.com/news/china/article/1277346/tiny-macau-remakes-gambling-world-and-las-vegas?utm_source=rss_feed https://www.scmp.com/news/china/article/1277346/tiny-macau-remakes-gambling-world-and-las-vegas?utm_source=rss_feed Sun, 07 Jul 2013 07:51:51 +0000 China’s currency controls create incentives for Chinese gamblers to launder their winnings through organised crime gangs in Macau, Nevada’s state gaming regulator said on Thursday. Testifying before a US congressional advisory panel investigating money laundering in Macau, A.G. Burnett, chairman of the Nevada State Gaming Control Board, said he regulates three US-owned casinos on the island, but he can only do so much. “The risk, if I can speak frankly, is China’s, and I know that they are... https://www.scmp.com/business/companies/article/1270916/china-currency-limits-feed-macau-casino-crime-official?utm_source=rss_feed https://www.scmp.com/business/companies/article/1270916/china-currency-limits-feed-macau-casino-crime-official?utm_source=rss_feed Fri, 28 Jun 2013 03:33:08 +0000 Las Vegas Sands asked a trial judge to set aside a US$101.6 million verdict in favour of a Hong Kong businessman who won a trial over claims that he helped the casino operator win its gaming licence in Macau. Sands, in a filing on Friday in Nevada state court in Las Vegas, argued that the jury awarded the damages for services rendered to Round Square, Richard Suen's company, rather than to Suen himself. Round Square had been dismissed from the case before an earlier trial in 2008 and had not... https://www.scmp.com/business/companies/article/1258723/adelsons-las-vegas-sands-asks-us-court-scrap-us1016m-suen-verdict?utm_source=rss_feed https://www.scmp.com/business/companies/article/1258723/adelsons-las-vegas-sands-asks-us-court-scrap-us1016m-suen-verdict?utm_source=rss_feed Tue, 11 Jun 2013 16:00:00 +0000 Hong Kong businessman Richard Suen Chi-tat has been awarded US$70 million by a jury in the United States for his help in obtaining a Macau casino licence for Las Vegas Sands more than a decade ago. The jury in Nevada returned a verdict on Tuesday in the second trial over Suen's claim that meetings he helped arrange for Sheldon Adelson, Las Vegas Sands's chairman, with government officials in Beijing were instrumental in Sands getting permission to operate casinos in Macau. In 2010, the Nevada... https://www.scmp.com/news/hong-kong/article/1238065/richard-suen-wins-us70m-las-vegas-sands-macau-dispute?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1238065/richard-suen-wins-us70m-las-vegas-sands-macau-dispute?utm_source=rss_feed Wed, 15 May 2013 00:22:56 +0000 A lawyer for Las Vegas Sands Corporation said the Chinese government had no part in the awarding of gaming licences in Macau for the casino operator controlled by billionaire Sheldon Adelson more than 10 years ago. The attorney, Richard Sauber, told a Las Vegas jury on Friday that it was "inconceivable" that Chinese leaders violated the Basic Law - which guarantees Macau autonomy in its internal affairs - and "reached down" to make sure Las Vegas Sands got a gaming licence. Sauber made his... https://www.scmp.com/news/hong-kong/article/1235709/sands-denies-beijing-gave-help-macau-casino-license-application?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1235709/sands-denies-beijing-gave-help-macau-casino-license-application?utm_source=rss_feed Sat, 11 May 2013 16:00:00 +0000 Las Vegas Sands broke an agreement to pay Hong Kong businessman Richard Suen Chi-tat for his help in obtaining a gaming licence in Macau, Suen's lawyer told a jury as a five-week trial neared its end this week. Sheldon Adelson, Las Vegas Sands' billionaire chairman and controlling shareholder, did not know about the possibility that the Macau government would make licences available until 2000, when he met Suen, who was a friend of Adelson's younger brother, Lenny Adelson, Suen's lawyer said in... https://www.scmp.com/business/companies/article/1234925/sands-trial-over-macau-licence-fee-nears-conclusion?utm_source=rss_feed https://www.scmp.com/business/companies/article/1234925/sands-trial-over-macau-licence-fee-nears-conclusion?utm_source=rss_feed Fri, 10 May 2013 16:00:00 +0000 Macau's gaming industry revenue rose 13.2 per cent year on year last month, as strong demand from wealthy visitors from the mainland continued. Revenue in the world's largest gaming hub reached 28.3 billion patacas, the second-highest monthly figure this year, after the record 31.3 billion patacas in March. However, shares of most of the casino operators fell more than the Hang Seng Index yesterday. Galaxy Entertainment dropped 3.9 per cent to HK$33.40, and SJM fell 3.2 per cent. The benchmark... https://www.scmp.com/business/companies/article/1228371/wealthy-mainlanders-drive-macau-casino-revenue-13pc?utm_source=rss_feed https://www.scmp.com/business/companies/article/1228371/wealthy-mainlanders-drive-macau-casino-revenue-13pc?utm_source=rss_feed Thu, 02 May 2013 06:53:00 +0000 Las Vegas Sands chairman Sheldon Adelson returned to the witness stand, saying if he didn't defend the lawsuit brought by a Hong Kong businessman, there would be a line around the block with people suing him. Adelson, 79, testified for a third day in the Nevada state court trial over Richard Suen's claims that he's owed US$328 million for helping the company win a licence in 2002 to operate casinos in the former Portuguese colony. Adelson attributed the success of Sands in Macau to vision and... https://www.scmp.com/business/companies/article/1211129/mogul-back-stand-fight-us328m-suit?utm_source=rss_feed https://www.scmp.com/business/companies/article/1211129/mogul-back-stand-fight-us328m-suit?utm_source=rss_feed Tue, 09 Apr 2013 16:00:00 +0000 Las Vegas Sands' chairman Sheldon Adelson has told a jury a Hong Kong businessman who seeks US$328 million over claims he helped the casino operator get a Macau gaming licence could not deliver what he promised. "I think he asked me whether or not, if he could deliver a licence, I would like it," Adelson testified on Thursday at a trial in the state court in Nevada, recalling his early meetings with Richard Suen, a business friend of his brother Leonard Adelson. I think he asked me whether or... https://www.scmp.com/business/companies/article/1207668/adelson-testifies-middleman-couldnt-deliver-macau?utm_source=rss_feed https://www.scmp.com/business/companies/article/1207668/adelson-testifies-middleman-couldnt-deliver-macau?utm_source=rss_feed Fri, 05 Apr 2013 07:29:37 +0000 Las Vegas Sands owes a middleman for its gaming licence in Macau, which the casino operator's founder and chairman Sheldon Adelson called the "brass ring in the merry-go-round", according to a lawyer for Hong Kong businessman Richard Suen. Opening statements started on Wednesday in state court in Las Vegas in a second trial over Suen's allegations that Adelson breached a 2001 agreement to pay him and his associates US$5 million and 2 per cent of the net income from the company's Macau casinos if... https://www.scmp.com/business/companies/article/1207237/time-repay-debt-casino-licence-court-told?utm_source=rss_feed https://www.scmp.com/business/companies/article/1207237/time-repay-debt-casino-licence-court-told?utm_source=rss_feed Thu, 04 Apr 2013 16:00:00 +0000 Court ponders Sands' Macau dealings Las Vegas Sands' interests in Macau enter the spotlight as a trial begins in Nevada. The breach-of-contract case is being brought against the casino operator by one-time consultant Richard Suen Chi-tat, who claims he is owed US$5 million for introducing Sands bosses to Chinese officials to facilitate its entry into Macau. Sands chief Sheldon Adelson has been summonsed to give evidence.   Chance to own a morsel of El Bulli Hong Kong bidders have a chance to get... https://www.scmp.com/comment/insight-opinion/article/1205740/talking-points?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1205740/talking-points?utm_source=rss_feed Tue, 02 Apr 2013 16:00:00 +0000 Las Vegas Sands Corp, the world's largest gaming company by market value, reported its third consecutive quarterly loss as rising costs and cut-throat competition for high rollers in Macau pushed the firm US$11.2 million into the red during the first three months of the year. The company made a net profit of US$90.9 million a year earlier. The latest result was in spite of growth in the overall gaming industry in the city. Casino revenues in Macau surged 62 per cent to 29.82 billion patacas in... https://www.scmp.com/article/636035/las-vegas-sands-records-third-quarterly-loss?utm_source=rss_feed https://www.scmp.com/article/636035/las-vegas-sands-records-third-quarterly-loss?utm_source=rss_feed Thu, 01 May 2008 16:00:00 +0000 Casino operator Las Vegas Sands Corp, which operates two mega-casino resorts in Macau and is spending up to US$14 billion developing a dozen more in the enclave, said fourth-quarter profit fell 65 per cent on higher operating costs, development expenses and accounting charges. Nevertheless, revenue at the world's largest gaming company by market value surged 65 per cent to US$1.05 billion for the quarter, following the August 28 opening of the Venetian Macao, the company announced. The US$2.4... https://www.scmp.com/article/625634/las-vegas-sands-profit-falls-65pc-despite-venetians-pulling-power?utm_source=rss_feed https://www.scmp.com/article/625634/las-vegas-sands-profit-falls-65pc-despite-venetians-pulling-power?utm_source=rss_feed Tue, 05 Feb 2008 16:00:00 +0000 Las Vegas Sands Corp, the casino developer controlled by billionaire Sheldon Adelson, blamed soaring pre-opening costs for the US$2.4 billion Venetian Macau and unlucky streaks on tables in Macau and Las Vegas for the company's first quarterly loss since going public in 2004. Las Vegas Sands swung to a loss of US$48.3 million in the third quarter, compared with net income of US$97.25 million a year earlier after booking pre-opening expenses of US$75.9 million and losing a higher than expected... https://www.scmp.com/article/614064/pre-opening-costs-losing-streak-hit-las-vegas-sands-earnings?utm_source=rss_feed https://www.scmp.com/article/614064/pre-opening-costs-losing-streak-hit-las-vegas-sands-earnings?utm_source=rss_feed Fri, 02 Nov 2007 16:00:00 +0000 Proposed resort and convention complex on Hengqin Island still subject to government clearances, says casino developer Las Vegas Sands Corp, the world's largest casino developer by market capitalisation, denied a report claiming it obtained a long-delayed approval from Beijing to build a US$2 billion resort and convention complex on Zhuhai's Hengqin island. In a statement issued yesterday, Las Vegas Sands maintained that 'the project remains subject to government approvals', but that 'in a... https://www.scmp.com/article/578316/sands-denies-zhuhai-plan-approved?utm_source=rss_feed https://www.scmp.com/article/578316/sands-denies-zhuhai-plan-approved?utm_source=rss_feed Thu, 11 Jan 2007 16:00:00 +0000