Entries Categorized as 'Sands Macau'
February 13, 2008
The Venetian Macao yesterday welcomed its 10 millionth visitor, in just 169 Days since its grand opening in August last year. While planning to have a holiday in Macau, Yu Zhi Hui from Shanghai was ushered by the management team to the podium of the Great Hall and presented with prizes including two nights complimentary stay in a luxurious suite, and a pair of 24K gold rats.
We are absolutely thrilled to welcome our 10 millionth visitor to The Venetian Macao in less than six month’s time from our opening. We wish the lucky guest an enjoyable and memorable stay with us said Mark Brown, president of Sands Macao.
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Posted in Sands Macau, Venetian Macao 
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January 4, 2008
Another bad day for Las Vegas Sands (LVS) and gaming shares in general. The stock is down again quite dramatically, off by $3.53, or 3.70%, to $91.84 as another piece of the bull case for the stock is coming undone. It wasn’t weak numbers from Macau today, but rather it was a lousy and decidedly bearish December jobs report that is leading investors toward the exits. According to wire reports, the December report showed a gain of 18,000 jobs last month as the unemployment rate went up to 5%.
See more: Las Vegas Sands Shares Drop On Lower Macau Revenue Growth
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Posted in Cotai Strip, Las Vegas Sands, Sands Macau, Venetian Macao No Comments »
October 6, 2007
Even as Macau’s new resorts become more like those on the Strip, their American owners see them as a gateway to Las Vegas for Asian players
When the Macau government opened its gambling market to foreign investment a few years ago, it sought companies that could help transform the Chinese seaport from a seedy outpost into a top luxury resort destination where gambling is but one of many popular attractions.
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Posted in Cotai Strip, Las Vegas Casino, Macau Casino, Sands Macau, Wynn Macau No Comments »
October 3, 2007
Las Vegas Sands Corp. continues its expansion in Macau with the announcement of the new Sands Macao Hotel.
The new 24-story hotel is situated next to casino Sands Macao, which opened in 2004. The hotel adds 289 suites, seven restaurants, a heated rooftop swimming pool and a 660-seat theater to the 800 table games and 1500 slot machines in the casino.
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Posted in Las Vegas Sands, Macau Casino, Sands Macau, Venetian Macao No Comments »
August 25, 2007
Aristocrat Leisure Ltd., the world’s second-largest maker of slot machines, said first-half profit rose 20 percent on increased sales in Japan, Macau and Europe.
Net income increased to A$126.1 million ($102 million), or 27 cents a share, in the six months ended June 30, from A$105.3 million, or 22 cents, a year earlier, Sydney-based Aristocrat said in a statement today. Sales rose 14 percent to A$566 million.
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Posted in Las Vegas Sands, Macau Casino, Macau News, Sands Macau, Venetian Macao, Wynn Macau, Wynn Resorts No Comments »
August 20, 2007
When America’s largest casino companies looked at the world’s emerging gambling scene, it wasn’t Pennsylvania where they placed their biggest bets.
Instead, MGM Mirage Inc. and Wynn Resorts Ltd. are pouring money into Macao, a tiny peninsula on the southeastern tip of China.
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Posted in Cotai Strip, Las Vegas Sands, Sands Macau, Steve Wynn, Venetian Macao, Wynn Macau No Comments »
August 19, 2007
This month’s opening of The Venetian Macao hotel-casino in the Chinese gambling enclave is the culmination of three quarters of a century of Las Vegas history built “in one fell swoop,” according to the president of the company behind the transformation.
In a conference call with reporters Thursday, William Weidner, president of Las Vegas Sands Corp., said the 3,000-suite casino complex set to open Aug. 28 would help change a gambling den for day-trippers into an elegant resort destination.
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Posted in Cotai Strip, Hotel Macau, Las Vegas Sands, Sands Macau, Venetian Macao No Comments »
April 4, 2007
Three gambling operators became six. Nowadays, there are many more in Macau sharing the gross gaming revenue without a concession. All because the system has been changing since the 1980’s. Official sources are saying that presently “the system is on the verge of its breaking point”. Up against the wall, the government will react by changing the law. The first step is to bar new entrances, such as Star Cruises, Richard Branson or Donald Trump.
More and more companies not holding concessions or subconcessions continue entering the market and share the oligopoly’s revenues. Several sources reached the same conclusion and pointed out that a meltdown will occur if Law 16/2001 - which sets the regulatory framework of the system - is not changed and if the government is not willing to take a stand.
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Posted in CapitaLand, Macau Business, Melco Crown, STDM | SJM, Sands Macau, Stanley Ho No Comments »
