Topic
Sheldon Adelson bought the famous Sands Hotel in Las Vegas in 1989, then opened the Sands Expo and Convention Center across from the hotel. In 1996, the Sands Hotel was demolished to make room for The Venetian, which was completed in 1999. Adelson has expanded the group into Asia, with hotels and casinos in Macao and Singapore.
TOPIC
Sheldon Adelson bought the famous Sands Hotel in Las Vegas in 1989, then opened the Sands Expo and Convention Center across from the hotel. In 1996, the Sands Hotel was demolished to make room for The Venetian, which was completed in 1999. Adelson has expanded the group into Asia, with hotels and casinos in Macao and Singapore.
With Asia in focus, Las Vegas Sands sells Venetian, Sands Expo for US$6.25 billion
- 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
Las Vegas pool party scene gets new US$1 billion resort
A new resort in Las Vegas is adding a fresh angle to the pool party theme. With 777 rooms, poolside betting kiosks and an enormous TV screen to watch sports by the pool, Circa is more of an aqua sports bar than a nightclub.
A new resort in Las Vegas is adding a fresh angle to the pool party theme. With 777 rooms, poolside betting kiosks and an enormous TV screen to watch sports by the pool, Circa is more of an aqua sports bar than a nightclub.
Macau expects more short-haul, short-stay tourists as Covid-19 alters trips
Macau could see a shift in travel patterns as the government banks on short-haul travellers with preference of shorter stay in the gambling hub, a government official said.
Macau could see a shift in travel patterns as the government banks on short-haul travellers with preference of shorter stay in the gambling hub, a government official said.
Singapore’s Marina Bay Sands casino reviews transfers of gamblers’ money
The casino, owned by Sheldon Adelson’s Las Vegas Sands Corporation, has hired a top Singapore law firm to look into employee transfers of over US$1 billion.
The casino, owned by Sheldon Adelson’s Las Vegas Sands Corporation, has hired a top Singapore law firm to look into employee transfers of over US$1 billion.
Will American-run Macau casinos lose Chinese clients after WeChat ban?
The popular social messaging app is a critical communication tool for American operators in the city and their patrons in mainland China.
The popular social messaging app is a critical communication tool for American operators in the city and their patrons in mainland China.
Singapore casino pays Chinese gambler US$6.5m in suit settlement
Wang Xi sued Marina Bay Sands in 2019 to recover US$6.5 million that he said was sent to other patrons in 2015 without his approval.
Wang Xi sued Marina Bay Sands in 2019 to recover US$6.5 million that he said was sent to other patrons in 2015 without his approval.
Macau’s April gambling revenue falls 97 per cent amid travel bans
The coronavirus outbreak has been mostly contained in Macau as well as in neighbouring Hong Kong and mainland China, but restrictions on travel make it almost impossible for tourists and high rollers to show up to place their bets.
The coronavirus outbreak has been mostly contained in Macau as well as in neighbouring Hong Kong and mainland China, but restrictions on travel make it almost impossible for tourists and high rollers to show up to place their bets.
Macau casinos face ‘awful’ first quarter, analysts see pent-up rebound
Macau casino operators are likely to write off their performance in the first quarter as the number of visitors shrink and they comply with an order to shut their premises to help contain the coronavirus outbreak.
Macau casino operators are likely to write off their performance in the first quarter as the number of visitors shrink and they comply with an order to shut their premises to help contain the coronavirus outbreak.
Coronavirus could hit airlines, hotels, casinos harder than Sars
Chinese tourism to southeast Asia has grown exponentially since the Sars outbreak in 2003, meaning the Wuhan coronavirus outbreak could hit tourism-related companies much harder in the coming months.
Chinese tourism to southeast Asia has grown exponentially since the Sars outbreak in 2003, meaning the Wuhan coronavirus outbreak could hit tourism-related companies much harder in the coming months.
Mainland tourists to Macau plummet during Lunar New Year
Mainland tourist numbers were 75.1 per cent lower over the first four days of the Lunar New Year holiday, according to data from the Macau Government Tourism Office.
Mainland tourist numbers were 75.1 per cent lower over the first four days of the Lunar New Year holiday, according to data from the Macau Government Tourism Office.
Top Republican donor reportedly told Trump trade war could hurt at ballot box
Adelson, a casino magnate, is said to have discussed the broader implications of the US-China trade war in a phone call with Trump last month.
Adelson, a casino magnate, is said to have discussed the broader implications of the US-China trade war in a phone call with Trump last month.
You will soon be able to sleep in David Beckham’s rooms in Macau
David Beckham has revealed details about new British-themed hotel which will have two floors dedicated to the football icon
David Beckham has revealed details about new British-themed hotel which will have two floors dedicated to the football icon
Sands China unveils The Londoner as part of US$2.2 billion Macau expansion plan
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.
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.
Will a trade war with China imperil US casino licenses in Macau?
As the US-China trade war escalates, with all economic ties between the two countries at risk of being politicised, investment banks and fund managers are keeping a close eye on casino licences for American companies in Macau.
As the US-China trade war escalates, with all economic ties between the two countries at risk of being politicised, investment banks and fund managers are keeping a close eye on casino licences for American companies in Macau.
Las Vegas Sands pays US$47m in deal to end inquiry into money transfers
Casino operator Las Vegas Sands has agreed to pay US$47.4 million after failing to flag millions of dollars in money transfers made by a Chinese-Mexican linked to drug trafficking who became one of the biggest gamblers the world has ever known.
Casino operator Las Vegas Sands has agreed to pay US$47.4 million after failing to flag millions of dollars in money transfers made by a Chinese-Mexican linked to drug trafficking who became one of the biggest gamblers the world has ever known.