BUSINESS

Today’s Asian gambling news round-up

TAGs: Hanoi, Ho Chi Minh, Macau, Vietnam, wynn macau

MacauWynn Macau casino was the biggest generator of gross gaming revenues in Macau last year, reports have established, taking approximately $4.4 billion in revenues.

MGM Macau came in second place with $3.3 billion in revenue and City of Dreams ranked third with $3 billion, Macau Business reports.

 

Las Vegas Sands Corp has announced it is willing to invest in Vietnamese cities: Hanoi and Ho Chi Minh at a combined investment capital of up to US$6 billion.

In a report by Vietnam Investment Review, Sands chairman and chief executive officer Sheldon Adelson, confirmed he visited Vietnam in demeber last year to discuss the proposal with local officials. He said: “Our preliminary project only designed one integrated resort in Ho Chi Minh City. But then I arrived in Hanoi and talked to many people in the hospitality industry and tourism and I now think Hanoi has the same potential as Ho Chi Minh City.”

In the report, Adelson also disclosed some information about the Ho Chi Minh City project:  “We designed two buildings to look like two sails on one ship. The idea is to build a building that goes with the identification of the city. The water and the river are so much a part of Ho Chi Minh City,” he said.

 

There’s yet more news concerning the Asian casino giants, with rumours bouncing around the net that both Sands China and Wynn Macau may be announced as the latest additions to the Hang Seng Index by tomorrow.

French Bank BNP Paribas has reported that tomorrow the move could take place as part of the Hang Seng Index´s quarterly rebalancing. It also said both stocks rank high in terms of market capitalisation and turnover and it’s pretty confident about the alleged news because there were few alternatives as Sands China and Wynn Macau were the “only eligible non-financial candidates.”

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