Industry
November 12, 2020
Gaming Analyst Suggests Interest in LVS Property Sale Would Be Big
If the gaming giant Las Vegas Sands considers selling its Venetian, Palazzo and Sands Expo properties in Las Vegas, there would be big interest from industry players, according to an industry analyst. There Would Be Interest If Las Vegas Sands Considers Selling Properties, Says Analyst There should be plenty of industry giants who may be […]
Casino
October 27, 2020
Las Vegas Sands Exploring $6B Sale of Its Strip Properties
Las Vegas Sands (LVS) is looking to sell its Strip properties, a Bloomberg report speculates based on information received from unnamed sources. By offloading its Las Vegas casino resorts Sheldon Adelson’s empire would be able to focus on Asian markets, Macau and Singapore, and support the development of other projects. LVS Soliciting Buyer Interest According […]
Business
October 22, 2020
LVS: Q3 2020 Revenue down YoY, Company’s Mood Remains Upbeat
Global developer and operator of integrated casino resorts Las Vegas Sands Corp. (LVS) released yesterday its third-quarter financial results, posting 82% drop in revenue compared to the same three-month-period in 2019. From Billions to Millions LVS reported $586 million in net revenue for the three months ending September 30, compared to $3.3 billion for the […]
Industry
August 27, 2020
Wynn and LVS Feature in Forbes 2020 Best Employers List
A number of Las Vegas casino and gaming companies were included in the America’s Best Employers by State list by Forbes. The global media giant released the second edition of its annual rankings which feature 5 casino operators and 1 technology provider among the 25 places reserved for Nevada, August 25. The Forbes survey is […]
Business
July 31, 2020
Las Vegas Sands President Outlines Strategy for Recovery
Robert Goldstein, president at Las Vegas Sands, has confirmed that Las Vegas and Nevada face hard times ahead, but recovery is possible and LVS has already set a plan in motion. Las Vegas Needs to Adapt to New Realities Speaking to CNBC on Thursday, Las Vegas Sands president Robert Goldstein confirmed that Las Vegas will […]
Business
July 30, 2020
Las Vegas Sands, Sheldon Adelson to Pay Employees Through At Least October 31
Las Vegas Sands will keep paying health benefits and salaries to all of its 10,000 employees through at least October 31, company chairman and CEO Sheldon Adelson has said. Sheldon Adelson Vows to Pay Employees Through October 31 Las Vegas Sands will continue to support workers by maintaining pay and covering benefits through at least […]
Business
July 27, 2020
LVS Waives Rents for Mall Tenants in Macao and Singapore
Las Vegas Sands Corp. filed information to the Securities and Exchange Commission (SEC), revealing the company waived for the first six months millions in rents to mall tenants in Macao and Singapore. The total amount of rents waived to support its tenants is $170 million and accounts for most of the decline in mall revenue […]
Casino
July 23, 2020
LVS: Second Quarter Net Loss of Nearly $1B
Las Vegas Sands (LVS) issued its second quarter financial results Wednesday, giving investors a taste of what the material impact of the ongoing health crisis onto the largest casino operators was. LVS posted a net loss of $985 million for the three months ending June 30, a huge drop from the more than $1.1 billion […]
Business
May 13, 2020
Las Vegas Sands Pulls out of Japan Integrated Resort Bid
Gaming and hospitality industry giant Las Vegas Sands is pulling out of Japan’s integrated resort bid. Japan IR Bid No Longer a Plan for Las Vegas Sands Las Vegas Sands has withdrawn its bid for a Yokohama prefecture Integrated Resort (IR) in Japan, the company announced in a press release on Tuesday, May 12. An […]
Casino
May 11, 2020
LVS May be Considering the Acquisition of Wynn Resorts, Analysts Suggest
Las Vegas Sands (LVS) may be looking to acquire Wynn Resorts, an analysis by a boutique investment bank and advisory firm for the gaming industry suggests. Union Gaming LLC, in a note published Thursday overnight, cited Okada Manila in the Philippines, Australia-based Crown Resorts, and Wynn Resorts, all three as potential acquisition targets for the […]