Las Vegas Sands Q4 results are in, and it’s a pretty good snapshot of the eastward tilt going on in the land-based casino world. While Las Vegas revenues fell 19%, the Venetian and Sands Macau revenues grew 21% and 15% respectively. Overall, revenues grew 17.5%, but Sands still lost $113.9 million (17 cents a share) for the period, sending its share price down 5.5% at time of writing. Read more.
VIP gambling rebound has Macau junkets in expansionist mode
December 8, 2017
VIP, premium mass drive Macau’s gaming revenue up 23% in November
December 1, 2017
Fitch: 2018 will be a good year for gaming operators
November 28, 2017