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.
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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.
- Gross gaming revenue plummeted by an unprecedented 97 per cent to 754 million patacas (US$95 million) in April
- The plunge last month was 3 percentage points worse than analysts’ expectation
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.
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 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.
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.
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 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.
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.
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.