It seems like land-based casinos don’t make much money off gambling these days. Harrah’s has released disappointing Q1 numbers that show more and more gamblers are spending less money at their casinos. Meanwhile, Las Vegas Sands is hoping for a potential $12B payday from sales of malls and apartments the company currently holds in Macau. In the words of chairman Sheldon Adelson, “That is our fundamental business model – we get our money back from the sale of non-core business assets.” Fuck gambling – everything must go! Read more.
Las Vegas Sands Macau mass market win best since 2014
January 25, 2018
Venetian Macao 10th birthday bash pops corks, breaks ribs
November 22, 2017
Las Vegas Sands to spend $1.1b bringing London to Macau
October 26, 2017