Business
July 11, 2022
Las Vegas Sands Provides Sands China with a $1B Loan
Las Vegas Sands, а world leader in developing and operating international, world-class integrated resorts, has issued a loan to its Chinese arm. As per the agreement, Sands China will receive a $1 billion subordinated unsecured term loan. Sands China Considers the Terms Fair The loan was issued on July 11, 2022 and Sands China will […]
Business
June 9, 2022
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. Sands Invests Domestically The two parties refused to disclose the size of Las Vegas Sands’ investment. However, the purpose […]
Casino
June 3, 2022
Las Vegas Sands CEO Is Confident That Macau’s Casinos Will Bounce Back
Rob Goldstein, the CEO of Las Vegas Sands (LVS), has made an appearance at Bernstein’s 38th Annual Strategic Decisions Conference and stated that it won’t take long before Macau rebounds from the consequences caused by the pandemic. He also commented on the license situation in Macau, stating that the issue is tolerable. China’s Zero COVID-19 […]
Casino
May 26, 2022
Marina Bay Sands to Hold Two-Day Walk-In Recruitment Fair
The casino industry in Asia continues to recover from the impact of the pandemic-related restrictions, proves an advertisement for a two-day recruitment fair at Marina Bay Sands. ‘Begin Your Career Journey with Marina Bay Sands!’ The casino resort operated by Marina Bay Sands, a subsidiary of Las Vegas Sands, will hold the first walk-in recruitment […]
Industry
May 17, 2022
Carolina Panthers’ Owner Invested in Las Vegas Sands and Wynn Resorts
David Tepper, the owner of the Carolina Panthers, expanded the equity portfolio of Appaloosa Management, his personal hedge fund. The NFL franchise owner invested in two gambling companies, namely Las Vegas Sands and Wynn Resorts. Appaloosa Expects the Share Prices to Go Up Tepper’s investments in Sands and Wynn Resorts were the only new equity […]
Esports
May 17, 2022
Las Vegas Sands Leads Investment Round for Bayes Esports
Competitive gaming data company Bayes Esports has completed a new funding round to the tune of €6 million ($6.3 million) led by Las Vegas Sands. The investment round exemplifies the company’s presence and significance to the esports ecosystem with Bayes Esports driving a significant value to the vertical. Bayes Esports Gets New Funding from LVS […]
Industry
May 12, 2022
Las Vegas Sands Invested into StreamLayer’s VEOS Platform
US casino giant Las Vegas Sands (LVS) made a strategic investment into StreamLayer to fund ongoing efforts to improve the operator’s Video Engagement Operating System (VEOS) and introduce innovative sports betting features. Investing in Streaming Technologies StreamLayer, a company founded in 2018 in Chicago, Illinois, provides an audience engagement platform on B2B basis to help […]
Casino
May 6, 2022
Macau’s Court of First Instance Reveals Reason behind the LVS-AAEC Ruling
Macau’s Court of First Instance has sided with Las Vegas Sands in the battle against Asian American Entertainment Corporation and the main reason why the latter was defeated in court was the failed attempt to sign a formal agreement. AAEC wanted to claim $12.1 billion in compensation. The Legal Battle between LVS and AAEC Explained […]
Casino
May 2, 2022
Las Vegas Sands Wins First Battle Against Ex-Macau Partner AAEC
Originally initiated in 2007 in Nevada and later on dismissed in 2010 on grounds of the plaintiff failing to prosecute the case, the long legal battle between American gaming company Las Vegas Sands Corp (LVS) and former Macau partner Asian American Entertainment Corp Ltd (AAEC) has finally reached a conclusion. According to the Macau Court […]
Casino
April 29, 2022
Las Vegas Sands Corp Reports $478 Million Loss for the First Quarter of 2022
The US-based casino resort operator Las Vegas Sands Corp posted net revenue of $943 million for the first quarter of 2022, compared to $1.2 billion in the prior-year quarter. The revenue of the casino division was $627 million of the total revenue, while the accommodation revenue amounted to $95 million. The revenue from food and […]
