Wednesday, June 7, 2023

Tag: Sheldon Adelson

Sheldon Adelson: ‘I have never seen anything like it in over seventy years in business’

US Gaming Las Vegas Sands financial
The first major US gaming operator to report its Q1 results, Las Vegas Sands experienced a net loss of $51m for the quarter. Nevertheless, despite the uncertain economic panorama due to the coronavirus pandemic, the company’s management remains confident, highlighting the possibility of an Asia-led recovery and teasing M&A plans.

Sands confident in Asia investment plans despite underwhelming Q3

Sands Asia investment plans Q3
Sands chairman and CEO Sheldon Adelson got back in the saddle for the firm’s Q3 earnings call which saw the company report a 4.3 percent decline in net..

Breast in show: OYO buys Hooters Casino Hotel

OYO Hooters Casino Hotel
OYO and Hooters look set to be a match made in heaven, Sheldon Adelson eyes Japanese capital, while commentators have questioned whether Thomas..

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...

Las Vegas Sands sees strong Q1 performance in Asia

Sands’ CEO Sheldon Adelson suggested that the company could be a shoe-in for a new local-facing integrated resort in South Korea, while the company’s properties in Macau and Singapore helped boost its first quarter results. Las Vegas Sands Corp reported a 202.7 percent surge in profit for Q1 2018, driven by a strong year-on-year performance from its operations in Asia. Sands...

Cordish seeks to sweeten the deal for casino plans

ICR - Cordish Madrid
Following a setback after their original bid to build a casino and leisure resort outside the Spanish capital was rejected, The Cordish Companies have added sports and cultural extras to their proposal. But a political tug-of-war could yet put a damper on the development.   After the regional government of Madrid rejected The Cordish Companies’ plan for a casino and leisure...

Is a Post-Trump liberalisation of US gaming a sure bet?

Casino Review, Trump, Warwick Bartlett, GBGC, Steve Wynn, Tom Cotton, Sheldon Adelson
With a former casino owner in the White House it would be tempting to start celebrating the imminent liberalisation of US gaming laws, but Global Betting and Gaming Consultants CEO Warwick Bartlett warns that this is far from a foregone conclusion. It is hard to believe that a candidate for president of the United States has previously owned casinos in...

Shinzo Abe pushes on with Japan casino bill

Casino Review Japan
An extraordinary session of the National Diet, Japan’s parliament, began on 26 September, that could include two months of deliberation on the legalisation of land-based casinos in the country.   The Promotional Integrated Resorts Bill was first submitted in 2013 with the backing of prime minister Shinzo Abe and his leading Liberal Democratic Party. However, opposition from the LDP’s more socially...

Parisian Macao: fifth Sands Corp Macau casino open for business

Casino Review Parisian
The fifth Macau casino from Sands Corp is now welcoming customers – with casino mogul Sheldon Adelson hinting that more themed resorts may well be on the horizon.   Yesterday marked the official opening of the Parisian Macao – the new $2.7bn (E2.4bn) integrated resort from the Las Vegas Sands Corporation. The property boasts a half-size replica of the Eiffel Tower, a...

150 casino tables for Adelson’s Parisian Macao

Casino Review Parisian Macao
Sand Corporation’s Parisian Macao, the second of the latest wave of big-budget openings on the Cotai Strip, has been granted an upper table limit of 150 units – which are earmarked specifically for the mass-market.   In a move shadowing its treatment of the Wynn Palace Resort, the government of Macau has awarded the Sands Corporation’s soon-to-be-opened Parisian Macao property a total...

Macau to rebound from consecutive decline

Macau GGR Wynn, Casino Review,
The world's largest gaming market seems to be settling into a new level of GGR. Another fall this month, yes, but the signals for Macau are pointing to a little more light on the horizon. A slowdown in the decline and a more bullish perspective from the marketplace hints at a possible turn in fortunes.   The gambling capital of the...