Tag: Sands

I want to be a part of it: New York, New York

New York Sands expansion opportunities
While it has recently sold off its assets in Las Vegas, Sands is still looking at gambling expansion opportunities in New York and Texas.

Leaving Las Vegas: Sands sell Venetian and Palazzo for $6.25bn

Sands Venetian Palazzo US Sale
Las Vegas Sands has sold the Venetian and Palazzo resorts and the Sands Expo and Convention Center to privateequity firm Apollo Global Management and real estate investment trust Vici Properties.

Sands looks to new markets

Sands financials new markets
Speaking during his first earnings call since taking the helm, Las Vegas Sands new chairman and CEO Rob Goldstein said the company is looking at potential expansion opportunities in the US, and is also open to sports betting and iGaming.

Sands decision to pull out of IR race doesn’t bode well for Japan

casino resorts Japan IR
Steve Norton, chairman and CEO of Norton Management and a former casino executive holding senior roles at Sands, Gold River Gaming and Argosy Gaming among others, looks at some of the contradictions in the national attitude towards gambling and discusses what the country’s government could do to make its first tranche of licences more attractive for major international operators.

Will president Trump’s recommendation make a difference for Sands in Japan?

Donald-Trump, japan
While president Trump reportedly put forward Sands and another US operator for an IR licence during a 2017 meeting with his Japanese counterpart Shinzo Abe, it seems unlikely the gesture will have much of an impact. A recent report by investigative journalism group ProPublica claims that US president Donald Trump attempted to help major campaign donor Sheldon Adelson obtain a...

Sands confident in ‘pole position’ for Japan IR licence

las vegas sands
Speaking during its Q2 2018 earnings call, Las Vegas Sands CEO Sheldon Adelson explained why his company is well-placed to secure a Japanese licence, while in Macau, the firm is increasing its focus on the premium mass segment. Las Vegas Sands CEO Sheldon Adelson stated that his long ties to Japan give the company a competitive advantage in the race...

Equity group looking to build empire on Sands

Sands Leven equity
  A private equity firm based in New York has stated its intention to make a substantial offer for the high-earning Sands Bethlehem casino in Pennsylvania.   It has been reported that the Keating & Associates group is preparing a serious offer for the property that currently stands as the keystone state’s perennial top table game earner and second-best slots performer. Chief strategist...

The Waiting Years: Japanese gaming legislation gradually takes shape

ICR - Japanese gaming bill
Sources in the Japanese government suggest that it’s likely to be August at the earliest before a steering body publishes the outline of the Integrated Resorts (IR) Implementation Bill.   Government sources have suggested that it is likely to be August at the earliest before a steering body made up of Japanese cabinet ministers makes public the outline of the Integrated...

NORTH AMERICA ROUND-UP

Sands Leven equity
In Nevada, the Las Vas Vegas Sands Corporation has announced the retirement of Michael Leven from its board of directors. Leven was named president of the company in 2009. In that position he oversaw the Sands expansion in Macau, as well as its entry into the Singapore market, before retiring from his executive role in December 2014. Leven initially retained...

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