Las Vegas Sands
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Las Vegas Sands

Las Vegas Sands
Las Vegas Sands
Las Vegas Sands is a US casino group, with resorts in the United States and Asia, including two luxury resorts on the Las Vegas Strip. In Asia, it owns the Marina Bay Sands in California, and several properties in Macau. Sands China’s assets include The Venetian Macao, Sands Macao and The Plaza Macao.
last updated:
23 August, 2024
Mark Tatum, NBA deputy commissioner and chief operating officer, speaks during a press conference to announce NBA pre-season games coming to China in 2025. Photo: AFP
NBA

NBA’s deal with Macau marks end of 5-year China exile, Nets, Suns heading to city

Basketball league and Sands China sign multimillion-dollar partnership to host pre-season games at Venetian Arena starting in 2025.

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Macau

Macau casinos hit the jackpot as return of mainland tourists fuels revenue surge

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Casinos

Macau extends casino licences for 6 months to pass gambling law

Las Vegas Sands Corp

With Asia in focus, Las Vegas Sands sells Venetian, Sands Expo for US$6.25 billion

Sands said on Wednesday that Asia is where the company’s focus will remain. “Asia remains the backbone of this company and our developments in Macau and Singapore are the centre of our attention,” said Chairman and CEO Robert Goldstein.

The Venetian in Las Vegas, Nevada. The global pandemic shuttered the Strip, where Las Vegas Sands is the biggest operator. Photo: AFP
Macau

Las Vegas Sands explores sale of US casinos to focus on Macau, Singapore

Las Vegas Sands is exploring the sale of its casinos in Las Vegas, a move that would mark billionaire Adelson’s exit from the US gambling industry.

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Singapore

Singapore’s Marina Bay Sands casino reviews transfers of gamblers’ money

The casino, owned by Sheldon Adelson’s Las Vegas Sands Corporation, has hired a top Singapore law firm to look into employee transfers of over US$1 billion.

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Macau

Will American-run Macau casinos lose Chinese clients after WeChat ban?

The popular social messaging app is a critical communication tool for American operators in the city and their patrons in mainland China.

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American operators in Macau could face new challenges under the US ban on WeChat, observers say. Photo: Reuters
Macau

Macau’s April gambling revenue falls 97 per cent amid travel bans

The coronavirus outbreak has been mostly contained in Macau as well as in neighbouring Hong Kong and mainland China, but restrictions on travel make it almost impossible for tourists and high rollers to show up to place their bets.

PGA Tour

Mickelson says his bad diet led to him developing arthritis in 2010

The hall-of-famer, in Macau to lead a coaching workshop, was known for his bad diet during the most successful years of his career and hopes to turn around a poor spell of form in Shanghai next week.

Macau

Sands China unveils The Londoner as part of US$2.2 billion Macau expansion plan

Sands China last week unveiled plans to upgrade the 1,200-room Holiday Inn at Sands Cotai Central in Macau, rebranding it as The Londoner, a destination resort in line with its other European city-based brands, The Venetian and The Parisian.

The new hotel will feature London-themed food and beverages as well as shopping. Photo: Facebook

Best Bet

Luxury & Gaming

Sands China president Edward Tracy set to retire amid turbulent times for Macau

Macau’s biggest casino operator Sands China has announced that president and chief executive Edward Tracy will retire on March 6.

Mass-market gamblers boost Sands China profit

Sands China, the Macau casino operator controlled by Sheldon Adelson, posted a 50 per cent gain in first-quarter profit as its resorts drew more mass-market gamblers in the world's biggest casino market.

Sands steps up scrutiny of Macau casino junkets

Las Vegas Sands is increasing its scrutiny of Macau junket operators in a move that may lead to a shake-out among the middlemen who account for two-thirds of the betting in the world's largest gambling market, a person familiar with the matter said.

The Cotai strip in Macau, where casinos have stepped up efforts to reduce their dependence on junket operators bringing in gamblers from the mainland. Photo: Bloomberg

Sands willing to bet US$10b on Japanese casino market

A Sands casino resort in the US state of Pennsylvania. The company plans to expand its Asia gaming operations to Japan. Photo: AP

Casino giant Sands drops plan for EuroVegas resort in Spain

Las Vegas Sands, the casino company controlled by billionaire Sheldon Adelson, has abandoned a plan to build a mega resort in Spain for more than US$30 billion and will focus on Asia instead.

Hong Kong businessman a step closer to US$70m jury award from Sands

A Nevada judge on Tuesday denied Las Vegas Sands’ request to throw out a jury verdict awarding former consultant Richard Suen of Hong Kong US$70 million in a breach-of-contract case.

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Update | Macau unit powers jump in Sands profit

Las Vegas Sands' success continued in Macau, helping it more than double its net income in the second quarter. But growth was tepid in Las Vegas, and Wall Street expected stronger results overall.

Revenue rose 40 per cent at Sands China, the company’s Macau division, while profit more than tripled. Photo: AFP
Macau

Tiny Macau remakes gambling world and Las Vegas

Macau

China's currency controls fuel Macau crime, Nevada gaming boss says

Adelson's Las Vegas Sands asks US court to scrap US$101.6m Suen verdict

Sands, in a filing on Friday in Nevada state court in Las Vegas, argued that the jury awarded the damages for services rendered to Round Square, Richard Suen's company, rather than to Suen himself.

A US jury last month ordered Las Vegas Sands to pay Hong Kong businessman Richard Suen US$70 million in damages. Photo: AP

Richard Suen wins US$70m from Las Vegas Sands in Macau dispute

Hong Kong businessman Richard Suen Chi-tat has been awarded US$70 million by a jury in the United States for his help in obtaining a Macau casino licence for Las Vegas Sands more than a decade ago.

Macau

Sands denies Beijing gave help on Macau casino license application

A lawyer for Las Vegas Sands Corporation said the Chinese government had no part in the awarding of gaming licences in Macau for the casino operator controlled by billionaire Sheldon Adelson more than 10 years ago.

Sands trial over Macau licence fee nears conclusion

Macau

Wealthy mainlanders drive Macau casino revenue up 13pc

Revenue in the world's largest gaming hub reached 28.3 billion patacas, the second-highest monthly figure this year, after the record 31.3 billion patacas in March.

Sands casino in Macau is developing attractions to appeal to a wider array of visitors. Photo: Reuters

Mogul back on stand to fight US$328m suit

Workers clean the glass roof of a shopping mall in front of the Las Vegas Sands-owned Four Seasons Hotel Macao. Photo: Bloomberg

Suen 'couldn't deliver' on Macau gaming licence

Las Vegas Sands' chairman Sheldon Adelson has told a jury a Hong Kong businessman who seeks US$328 million over claims he helped the casino operator get a Macau gaming licence could not deliver what he promised.

Time to repay debt for casino licence, court told

Las Vegas Sands owes a middleman for its gaming licence in Macau, which the casino operator's founder and chairman Sheldon Adelson called the "brass ring in the merry-go-round", according to a lawyer for Hong Kong businessman Richard Suen.

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