Marina Bay Sands Casino Closes as Virus Spreads in Singapore

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The Motley Fool

Better Buy: Wynn Resorts or Las Vegas Sands Stock?

The gaming and resort industry continues to recover from the pandemic, and one of the biggest gaming markets in the world reopened earlier this year: Macao, China. With Macao back in action, casino operators there stand to benefit from pent-up demand -- as do casino stock investors. Here, I'll compare two American casino companies with properties…

Industry ・ 19 March 2023

Seeking Alpha

Las Vegas Sands: Still Too Cheap To Ignore, Macau Joins Singapore In Recovery Cycle (LVS)

Industry ・ 16 March 2023

Capital

Macau casino stocks: Can Sands and Wynn see further boost from Beijing license agreement?

Macau casino stocks have jumped since early November. Beijing announcing existing licences will be renewed and hopes of an end/easing in covid restrictions are seen as key reasons for the stock rises. Sands China (Sands China) currently at HK$24 is up over 57% in the last month. Wynn Macau (WYNN)- currently at HK$7.74 is up 121% over the month. MGM…

Finance ・ 05 December 2022

Review Journal

Disappointing gaming revenue in Macao continues to saddle Las Vegas company-owned operations in the Chinese region as a result of COVID-19 restrictions.

Macao reported another disappointing month of gaming revenue in November with the region reporting winning $374.4 million, a 55.6 percent decline from November 2021. Macao's Gaming Inspection and Coordination Bureau on Thursday said the region has had only one month - February - in which the region's 39 casinos made more money than they did a year…

Covid ・ 02 December 2022

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Vegas Slots Online

Macau Casino Shares Soar as China Tour Groups to Return

On the back of news Macau will welcome back tour groups from mainland China in November, shares in the Special Administrative Region's casinos have soared, including Sands China. [Image: Shutterstock.com] Sands China's shares have risen 13% after Macau CEO Ho Iat Seng announced mainland China tour groups can return to the gambling hub in November.…

Covid ・ 26 September 2022

Review Journal

Macao casino reopen, but business continues to be slow and will be for some time

The good news for Macao's 41 casinos is that the government has allowed the properties to open their doors again. The bad news: Not many people are coming through them. The fact that tourists face a seven-day quarantine before being allowed into the region is one big reason for the lack of visitors, according to a source familiar with the situation…

Covid ・ 27 July 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

Gambling News

Sands China Embraces the End of the VIP Salons in Macau Casinos

Sands China is repurposing its VIP salons across its Macau properties The new change is a consequence of recent legislation that in practice eradicates junket rooms Sands China and Las Vegas Sands top executives welcome the new changes as they expect the redeployment of VIP rooms will bring more revenue Sands China has announced it is restructuring…

Covid ・ 21 July 2022

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Review Journal

Sands casinos among properties that will be allowed to reopen Saturday morning

Las Vegas Sands Corp., operators of casinos in Macao and Singapore, reported tepid second-quarter revenue results Wednesday as health restrictions in Macao continued to batter resort operators there. The Las Vegas-based casino company reported a loss of $440 million, 38 cents a share, on revenue of $1.045 billion for the quarter that ended June 30.…

Covid ・ 20 July 2022

Review Journal

Weeklong Macao casino shutdown affecting Sands, MGM, Wynn begins

Macao casino resorts closed their doors Monday as a weeklong government-ordered shutdown began in the region, taking a toll on properties including several operated by three Las Vegas-based companies. Because of elevated COVID-19 case numbers, Macao Secretary for Administration and Justice Andrew Cheong Weng Chun on Saturday ordered a closure of…

Covid ・ 11 July 2022

Review Journal

Macao casinos to close as COVID-19 outbreak widens

Macao will shut almost all businesses, including casinos, for a week starting Monday as a COVID-19 outbreak in the Asian gambling hub showed few signs of abating, Macao Daily reported. Essential business operations including supermarkets and pharmacies will remain open, the report cited the city's officials as saying at a press briefing Saturday.…

Covid ・ 10 July 2022

TipRanks

Las Vegas Sands Betting On Lifted Restrictions

Las Vegas Sands (LVS) shares have been dragged down from China and Singapore imposing lockdowns and restrictions on mobility to limit the resurgence of COVID-19, and therefore are down about 8% thus far this year. I am bullish on this stock. But as the current wave of COVID-19 is waning, yet again, investor visibility into the future for the…

Covid ・ 06 June 2022

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The Motley Fool

Why Casino Stocks Soared This Week to Beat Out the Stock Market

Las Vegas Sands (LVS 15.06%) and Wynn Resorts (WYNN 13.17%) finished the week in the black, according to data from S&P Global Market Intelligence, while Caesars Entertainment (CZR 10.36%) erased most of a large deficit after Shanghai officials announced they will end weeks of strict lockdowns and attempt to reopen again in a few days. Sands ended…

Finance ・ 14 May 2022

Seeking Alpha

Las Vegas Sands, Casino stocks surge as Shanghai looks set to end lockdowns (NASDAQ:WYNN)

Casino stocks led the S&P higher on Friday as news of a potential end to lockdowns in China sent gaming stocks skyward. Per the Associated Press, officials in Shanghai are considering a reopening "in a few days" as case numbers fall. The nation's most populous city is seen as a key bellwether for the country's Zero-COVID policy, therefore holding…

Covid ・ 13 May 2022

Seeking Alpha

Macau casino stocks could be impacted by new COVID deaths in Shanghai

Macau casino stocks are on watch again this week with investors looking to see how far the zero-tolerance policy in China can extend. The government in Shanghai has reportedly set a new target of zero cases at the community level by April 20, which means no new cases outside of quarantined zones. That may be a tough standard after 23643 new local…

Covid ・ 18 April 2022

Markets Insider

JPMorgan Analyst Upgrades Las Vegas Sands, Optimistic About Macau Gaming License Renewal

A day after casino stock Las Vegas Sands Corp. (NYSE: LVS) was hit with a Wall Street downgrade, the stock bounced back on Tuesday when it was upgraded by another analyst. The Analyst: JPMorgan analyst Joseph Greff upgraded Las Vegas Sands from Neutral to Overweight and raised his price target from $36 to $48. The Thesis: In the upgrade note, Greff…

Covid ・ 12 January 2022

Forbes

Why Macau’s Casinos Are Still The Best Bet For Wynn And Las Vegas Sands

B efore the pandemic, Macau was the world's most lucrative gaming market in the world. But after nearly two years of outbreaks and lockdowns, which largely closed the borders of the autonomous region belonging to China to visitors, gambling revenues for the last 10 months are still down 70% compared to pre-pandemic levels. Macau casino stocks are…

Covid ・ 01 December 2021

TTR Weekly

Casinos open to just vaccinated punters

SINGAPORE, 19 October 2021: Singapore's casino resortsclosed the door on non-vaccinated visitors as of last week by introducing a newrule requiring punters to show proof of full vaccination against Covid-19 ornatural immunity. Marina Bay Sands casino resort stated on its website that itis open only for "fully vaccinated, have a valid negative…

Covid ・ 19 October 2021

GGRAsia

Singapore casinos now request proof of vaccination

Singapore's two casino resorts have implemented since Wednesday new entry measures for gaming patrons, requesting proof of full vaccination against Covid-19 or some other form of stricter control. Marina Bay Sands casino resort (pictured) said in a message on its website, that its casino is only open to people who are "fully vaccinated, have a…

Covid ・ 15 October 2021

Macau Business

Casino Oceanus closed for disinfection, Sands Macao to remain open

Casino Oceanus at Jai Alai will be closed temporarily for disinfection works after a recent confirmed Covid-19 case was found to have been in the casino for several hours, health authorities announced today (Tuesday). The 72nd confirmed Covid-19 case reported in Macau, a mainland Chinese worker who stayed in three local hotels during his time in…

Covid ・ 05 October 2021

GGRAsia

MBS casino reopens with 2-person limit at gaming tables

The Marina Bay Sands (MBS) casino resort in Singapore said in a statement on its website that it had reopened its gaming facilities on Thursday (August 5). The venue was shut on July 22, after being linked to a cluster of fresh Covid-19 infections in the city-state. The property (pictured in a file photo) is operated by a subsidiary of…

Land-based ・ 06 August 2021

Review Journal

COVID-19 ‘deep cleaning’ to close Marina Bay Sands casino through Aug. 5

The casino at Las Vegas Sands' iconic Marina Bay Sands resort in Singapore has been closed while the company addresses new COVID-19 alerts established by the government. "In view of the heightened COVID-19 situation in Singapore, Marina Bay Sands will be operating on revised capacities and stricter measures across property, in support of the…

Covid ・ 24 July 2021

The Motley Fool

Las Vegas Sands May Have a Longer Road to Recovery Than Expected

The gambling industry is having an uneven recovery no matter where you are in the world. The U.S. market seems to be doing best with entertainment travelers coming back, driving regional casino revenue and weekend revenue in Las Vegas. But the lucrative corporate customers who have long driven mid-week revenue have been absent. We're seeing that…

Covid ・ 13 May 2021

Seeking Alpha

Searching for green shoots with Macau casino stocks (OTCMKTS:WYNMF)

The painfully slow recovery in Macau may have taken another step forward after Macau daily revenue for the week ending November 13 was reported to be 37% higher than the first six days of November. The relative jump in Macau gross gaming revenue was likely tied to mass testing for COVID ended in Macau on November 5, according to Jefferies analyst…

Finance ・ 14 November 2022