In Major Shift, Las Vegas Sands Forays into Online Gambling

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Las Vegas Sands Eyes $6B Nassau County Casino Resort

Las Vegas Sands Corp., a titan in the gaming industry, outlined ambitious plans for expanding its empire to New York, revealing that a potential casino resort in Nassau County may entail an investment of around $6 billion. This statement comes amid the company's commitment to establishing a new luxurious five-star destination should they secure a…

Industry ・ 26 January 2024

Review Journal

Macao regulators release July gaming revenue results

Macao casinos had their best month of 2023, one year after having their worst month of 2022. Macao's Gaming Inspection and Coordination Bureau on Tuesday reported gross gaming revenue of $2.075 billion (U.S), the most won in the special administrative region since January 2020. By comparison, the state of Nevada last week reported gaming win of…

Finance ・ 02 August 2023

Review Journal

Las Vegas Sands signs deal for NY casino resort site

New York's Nassau County signed a preliminary 99-year lease agreement with Las Vegas Sands Corp. for use of its 80-acre Nassau Veterans Memorial Coliseum site for development of an integrated resort with a casino on Long Island. In a news conference in New York on Wednesday, Sands Chairman and CEO Rob Goldstein and Nassau County Executive Bruce…

Land-based ・ 27 April 2023

Newsday

Las Vegas Sands strikes Coliseum lease agreement for $4B casino resort

Nassau County Executive Bruce Blakeman and Las Vegas Sands CEO Robert Goldstein on Wednesday announced an agreement that would give the company control of the Coliseum property in Uniondale for the next 99 years - a key step toward developing a $4 billion casino resort in the heart of the county. If the lease agreement is approved by the county…

Travel ・ 27 April 2023

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Review Journal

Las Vegas Sands speeding up Marina Bay Sands resort’s renovation project in Singapore

Las Vegas Sands Corp. will speed up its $1 billion renovation of the Marina Bay Sands resort in Singapore. In a proxy statement issued by Sands Friday, ahead of its May 11 annual meeting, Chairman and CEO Rob Goldstein said the project to upgrade two towers at the iconic property is expected to be completed by the end of the year. "Following the…

Travel ・ 07 April 2023

Review Journal

Las Vegas Sands Corp. to build Long Island casino resort

Las Vegas Sands Corp. is proposing to build a multibillion-dollar resort on Long Island, New York, as part of a bid for one of three downstate New York casino licenses. Las Vegas Sands said Thursday it has entered into agreements to purchase the long-term lease of the site that's currently home to the Nassau Veterans Memorial Coliseum. The…

Land-based ・ 13 January 2023

Review Journal

Three Las Vegas companies receive Macau licensing extensions

Las Vegas Sands Corp. will tear a page out of the Las Vegas playbook when it invests $3.5 billion over the next decade in launching restaurants and nongaming tourist attractions to attract international visitors there, the company announced Monday. It plans to develop several new restaurants and introduce international culinary concepts to support…

Industry ・ 20 December 2022

Review Journal

Macao travel restrictions continue to pummel Las Vegas Sands

Travel restrictions in Macao continued to drag on Las Vegas Sands Corp. earnings, but resiliency in Singapore had company officials feeling optimistic as they reported their third quarter results on Wednesday. The company reported a net loss of $239 million, 31 cents a share, on revenue of $1 billion for the quarter that ended Sept. 30. A year…

Travel ・ 21 October 2022

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Review Journal

Las Vegas Sands, Wynn Resorts, MGM among companies lining up for Macao license.

Seven gaming companies will vie for six operational licenses in Macao, but at least one analyst expects all of the competitors will end up getting a piece of the action. The government of Macao on Friday announced six existing concessionaires - Las Vegas Sands Corp., Wynn Resorts Ltd., MGM Resorts International, and Chinese operators SJM Resorts…

Travel ・ 20 September 2022

The Nevada Independent

Singapore resort keeps Las Vegas Sands afloat as Macau continues to crater

For the near term, Las Vegas Sands is a single casino company. Sands sold its Las Vegas holdings in February and its Macau casinos are operating at roughly 50 percent following a two-week shutdown tied to increased COVID-19 infections. The company relies on the Marina Bay Sands in Singapore for the majority of its revenue and cash flow. Last week,…

Covid ・ 27 July 2022

World Casino News

Second-quarter setback for Las Vegas Sands Corporation

American casino operator Las Vegas Sands Corporation has released its second-quarter unaudited financial results showing that its net loss for the three-month period rose by slightly over 51% year-on-year to hit $290 million. The Las Vegas -headquartered firm used an official Wednesday press release to detail that its aggregated revenues for the…

Land-based ・ 21 July 2022

Gambling News

Las Vegas Sands Invested in the Software Firm Huddle Tech

Las Vegas Sands, a casino and resort company, has opted to invest in Huddle Tech, a gaming software company. Through this deal Sands demonstrates its commitment to US iGaming despite recently switching its focus to Asia. The two parties refused to disclose the size of Las Vegas Sands' investment. However, the purpose of the investment was made…

Sports ・ 09 June 2022

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World Casino News

American iGaming flutter for Las Vegas Sands Corporation

American casino operator Las Vegas Sands Corporation has reportedly announced that it has made an inaugural strategic investment in iGaming technologies and services firm Huddle Tech Incorporated. According to a report from Inside Asian Gaming, the Las Vegas -headquartered firm declared that the move for an undisclosed amount of cash is due to see…

Sports ・ 09 June 2022

Review Journal

Asian pandemic downturn leads Las Vegas Sands to stay patient

Las Vegas Sands Corp. executives will stay patient with their big investments in Macao and Singapore as the company prepares for its next phase of operations: one without Las Vegas resorts. Company leaders told investors during their fourth-quarter earnings call Wednesday that they'll stay the course in Macao, where it is the market leader, and go…

Covid ・ 27 January 2022

WFMZ News

UK Online & Casino Revenue Reported Healthy Even with Current Pandemic Conditions

PALM BEACH, Fla., Dec. 7, 2021 /PRNewswire/ -- FinancialNewsMedia.com News Commentary - Gambling experts have long contended that the industry is not recession-proof, and data has recently supported this claim. The COVID-19 pandemic has turned the entire world upside down, and the gambling industry is no exception. Financial information is starting…

Covid ・ 07 December 2021

The Nevada Independent

Indy Gaming: Las Vegas left behind as Sands charts future in Macau, Singapore and online

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. Las Vegas Sands is on its way to becoming just Sands. The…

NFL ・ 28 July 2021

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Las Vegas Sands’ new boss lays down his cards

HONG KONG, July 22 (Reuters Breakingviews) - Las Vegas Sands' (LVS.N) new boss is shaking up the $38 billion company built by the late Sheldon Adelson. Chief Executive Robert Goldstein took the helm at the end of January following the death of the group's famous founder. On Wednesday, he revealed his first full quarterly results. Covid-19 may have…

Travel ・ 22 July 2021

Vegas Slots Online

Las Vegas Sands to Invest in Digital Gaming Technologies

As part of a new strategy, Las Vegas Sands has announced plans to create a team which will focus on investment in digital gaming technologies. [Image: Shutterstock.com] US-based casino giant Las Vegas Sands (LVS) is ready to put its weight behind digital gaming. The operator has announced that it will become a strategic investor in digital gaming…

Covid ・ 13 July 2021

World Casino News

iGaming move for Las Vegas Sands Corporation

In a break from its long-held opposition to online gambling and American land-based casino operator Las Vegas Sands Corporation has recently disclosed that it intends to'become a strategic investor in digital gaming technologies.' The Las Vegas-headquartered firm used an official Monday press release to state that it will be building'a digital…

Sports ・ 13 July 2021

Review Journal

New Las Vegas Sands digital gaming investment to be led by Davis Catlin

Las Vegas Sands Corp. is investing in digital gaming technologies focused in business-to-business transactions. The company on Monday announced it is building a digital gaming investment team to be led by Davis Catlin, joining Las Vegas Sands after spending 14 years with Sands Capital Management in Arlington, Virginia.That company is unrelated to…

Incidents ・ 13 July 2021

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Las Vegas Sands Aims to Bring Casino to Texas

The casino empire Las Vegas Sands continues with the plan to bring casinos in Texas even after the few set backs it experienced this year, including the death of its CEO Sheldon Adelson. As Adelson passed away, many started questioning how much momentum remained behind the cause. Regardless of the sad event, Las Vegas Sands made it clear that the…

Incidents ・ 04 February 2021

Casino News Daily

Las Vegas Sands Enters Online Gaming World

A move for entering the online gaming industry was long been rejected by Las Vegas Sands' late chairman Sheldon Adelson. His deputy Rod Goldstein is taking the lead on this potential new expansion. According to Bloomberg, Goldstein is currently in discussion, that could result in Las Vegas Sands finally entering the online sports betting…

Industry ・ 19 January 2021

World Casino News

Positive pronouncements on Las Vegas Sands Corporation

In the United States and numerous industry analysts have reportedly predicted that the recent passing of Sheldon Adelson (pictured) at the age of 87 should have little serious impact on the immediate future of Las Vegas Sands Corporation. According to a story from CDC Gaming Reports, Adelson died at his home in southern California on Monday…

Industry ・ 17 July 2021