Las Vegas Sands Corp
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Las Vegas Sands Corp

Las Vegas Sands Corp
Las Vegas Sands Corp
Sheldon Adelson bought the famous Sands Hotel in Las Vegas in 1989, then opened the Sands Expo and Convention Center across from the hotel. In 1996, the Sands Hotel was demolished to make room for The Venetian, which was completed in 1999. Adelson has expanded the group into Asia, with hotels and casinos in Macao and Singapore.
Discover the seven richest sports team owners today; pictured (from left) Quicken Loans’ Dan Gilbert, Kering’s Francois Pinault and Point72 Asset Management’s Steve Cohen. Photos: @NBA_NewYork/X; Sygma via Getty Images; @NBA_NewYork/X
Millionaires and billionaires

7 richest sports team owners: net worths, ranked

The Carolina Panthers’ David Tepper started on Goldman Sachs’ junk bond desk; the Cleveland Cavaliers’ Dan Gilbert founded Quicken Loans; and the Dallas Mavericks’ Miriam Adelson runs Las Vegas Sands

NBA

NBA signs deal with Sands China for pre-season games in Macau

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Thailand

All bets are off: will Thailand cash in as it spins the wheel on casinos?

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Macau

Sands China reports first profits since 2019 as full casino recovery beckons

Sands China reported its first quarterly profit since the end of 2019, ending cumulative losses of US$4.16 billion. A full recovery is just a question of time, analyst says.

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A bus stops outside Sands Macao in Macau in this file photo. Photo: Reuters
Macau

Macau casinos finally dealt a winning hand after China reopens borders

The five-day Labour Day holiday earlier this month is the best season that Macau has had in three years. About 500,000 visitors flocked to the city during the holiday, with many heading straight to the casinos.

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Las Vegas Sands

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.

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Video gaming

Las Vegas pool party scene gets new US$1 billion resort

A new resort in Las Vegas is adding a fresh angle to the pool party theme. With 777 rooms, poolside betting kiosks and an enormous TV screen to watch sports by the pool, Circa is more of an aqua sports bar than a nightclub.

Bantamweight fighter Aljamain Sterling attends a UFC Pool Party at the Hard Rock Hotel & Casino in Las Vegas, Nevada in 2018. Photo: Al Powers/Zuffa LLC via Getty Images
Macau

Macau expects more short-haul, short-stay tourists as Covid-19 alters trips

Macau could see a shift in travel patterns as the government banks on short-haul travellers with preference of shorter stay in the gambling hub, a government official said.

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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.

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
Singapore

Singapore casino pays Chinese gambler US$6.5m in suit settlement

Wang Xi sued Marina Bay Sands in 2019 to recover US$6.5 million that he said was sent to other patrons in 2015 without his approval.

The Marina Bay Sands in Singapore. File photo: AFP
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.

Macau

Macau casinos face ‘awful’ first quarter, analysts see pent-up rebound

Macau casino operators are likely to write off their performance in the first quarter as the number of visitors shrink and they comply with an order to shut their premises to help contain the coronavirus outbreak.

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Coronavirus pandemic

Coronavirus could hit airlines, hotels, casinos harder than Sars

Chinese tourism to southeast Asia has grown exponentially since the Sars outbreak in 2003, meaning the Wuhan coronavirus outbreak could hit tourism-related companies much harder in the coming months.

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Pedestrians in protective medical masks walk past the Sands Cotai Central and Venetian Macao casino resorts, operated by Sands China, in Macau on January 24, 2020. Photo: Bloomberg
Macau

Mainland tourists to Macau plummet during Lunar New Year

Mainland tourist numbers were 75.1 per cent lower over the first four days of the Lunar New Year holiday, according to data from the Macau Government Tourism Office.

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An attendant checks the temperature of a tourist at the entrance to the Galaxy Macau casino and hotel, on Friday. Tourists to the city had fallen because of the Wuhan virus outbreak. Photo: Bloomberg
US-China trade war

Top Republican donor reportedly told Trump trade war could hurt at ballot box

Adelson, a casino magnate, is said to have discussed the broader implications of the US-China trade war in a phone call with Trump last month.

Luxury Hotels

You will soon be able to sleep in David Beckham’s rooms in Macau

David Beckham has revealed details about new British-themed hotel which will have two floors dedicated to the football icon

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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
Macau

Will a trade war with China imperil US casino licenses in Macau?

As the US-China trade war escalates, with all economic ties between the two countries at risk of being politicised, investment banks and fund managers are keeping a close eye on casino licences for American companies in Macau.

Las Vegas Sands pays US$47m in deal to end inquiry into money transfers

Casino operator Las Vegas Sands has agreed to pay US$47.4 million after failing to flag millions of dollars in money transfers made by a Chinese-Mexican linked to drug trafficking who became one of the biggest gamblers the world has ever known.

Sands opens new Macau resort, and looks to Spain

The Venetian Macao

Game's up as circus spectacular ends early

Sands China

Sands eyes strong VIP gains despite credit crunch

The Venetian Macao

Service-oriented team players

Win some, lose some for Adelson

Legends to battle it out in Macau showdown

The Venetian Macao

Winnings withheld

HK gains by shunning race towards exhibition sinkhole

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