Tag Archives: Las Vegas Sands

The Venetian Las Vegas and The Venetian Expo announced that funds managed by affiliates of Apollo have completed their acquisition of the operations of The Venetian Resort from Las Vegas Sands Corp. The Venetian Resort, which offers one of the world’s most elevated resort experiences, is now a private company backed by the Apollo Funds….

The Nevada Gaming Control Board has recommended the Nevada Gaming Commission approve the $6.25bn deal for Apollo Global Management to buy the Venetian, Palazzo, and the Venetian Convention and Expo Center from Las Vegas Sands Corp. The deal will see VICI Properties own the land and Apollo owning the operations with a lease deal on…

Las Vegas Sands Corp. halved its loss last year, recording a loss of US$689m in 2021, compared to operating loss of $1.39bn in 2020, with revenues in the fourth quarter down 0.7 per cent on the quarter last year. “We remain confident in the eventual recovery in travel and tourism spending across our markets and…

The chance to develop one of three casinos in New York City has attracted official interest from 30 companies or individuals with casino operators such as Wynn Resorts, Las Vegas Sands, Bally’s, Hard Rock, Rush Street Gaming and Okada Manila all putting bids in for a new casino. Existing casinos in the region have also put in…

Fitch-ը Մակաոյի կազինո օպերատորներին Las Vegas Sands-ին և SJM Holdings-ին տվել է Rating Watch Negative (RWN) վարկանիշ՝ լիցենզիաների վերականգման ժամկետների հետ կապված անորոշության պատճառով: Fitch-ն ասում է. «RWN-ն արտացոլում է էական մոտաժամկետ կարգավորող անորոշությունը՝ կապված Մակաոյում խաղային զիջումների հետ, որի 20-ամյա ժամկետը լրանալու է հունիսի 26-ին…

Las Vegas Sands generated net revenue of $857m, compared to $446m in the prior year quarter. Operating loss was $316m, compared to $523m in the prior year quarter. Net loss from continuing operations inthe third quarter of 2021 was $594m, compared to $664m in the third quarter of 2020. Consolidated adjusted property EBITDA was $47m,…

Despite positive adjusted property EBITDA in Macau and Singapore, Las Vegas Sands said it continued to be affected by pandemic-related travel restrictions and reduced visitation. For the quarter ended June 30, 2021, it generated net revenue of $1.17bn, compared to $62m in the prior year quarter. Operating loss was $139m, compared to $757m in the…

Las Vegas sands has ruled itself out of potential return to the bidding process for a casino in Japan citing ‘too much uncertainty’ for its reluctance to revisit a project there. Sands pulled out of the dream of a Japanese integrated resort in May 2020, but some analysts believed that with the company offloading all…

Las Vegas Sands Corp. has spent $17m in a fresh attempt to see commercial casino gaming introduced into Northern Florida, this time financing Florida Voters in Charge, a political committee that presented two proposed constitutional amendments. Voters In Charge is sponsoring a ballot initiative to give florida voters, not politicians, the exclusive right to approve…