Tag Archives: Las Vegas Sands Corp
- Singapore casinos fined for allowing minors, failing to impose entry levies
October 6, 2017
Operators of Singapore’s big gaming resorts have been penalized by the city-state’s casino regulator over their failure to implement a system for collecting entry levies, among other things. For fiscal year 2016, the Casino Regulatory Authority (CRA) collected a total of SGD165,000 (USD120,693) from penalties imposed on Marina Bay Sands...
- Rob Goldstein’s Sands pay package plunges 18.7% in 2016
April 25, 2017
Las Vegas Sands Corp president and chief operating officer Robert Goldstein saw his compensation package drop 18.7 percent year-on-year in 2016. In a proxy filing, the Las Vegas-based casino operator said Goldstein’s total compensation reached $8.20 million, down from the nearly $10.09 million the Sands executive received in the prior...
- Nevada’s high court throws out $70M verdict over Sands’ Macau permit
March 14, 2016
Sands Corp. is getting a new trial in the case filed by Hong Kong businessman Richard Suen. This was after the Las Vegas-based casino operator persuaded the Nevada Supreme Court to overturn a 2013 jury verdict that ordered Sands to pay $70 million to Suen, who claimed to have helped...
- Weak yuan ‘manageable’ risk for Macau casino operators
August 20, 2015
China’s yuan devaluation against the U.S. dollar remains to be a short-term problem for operators in Macau, unless of course, there’s an economic collapse. Dan Wasiolek, senior equity analyst for investment research firm Morningstar Inc., said Nevada-based Wynn Resorts Ltd, Las Vegas Sands Corp. and MGM Resorts International were forecast...
- A Buying Opportunity may Form Soon in Macau Stocks
June 30, 2015
We’re not there yet, but we’re getting there. A bottom in Macau could come in the next few months. We can take follow the broader Chinese indexes for clues. Once China bottoms, Macau will probably bottom with it, if not on the same day, then probably very close together. If...
- Brean Isn’t Doing So Well After Its Bullish Macau Call
May 12, 2015
The decline is relentless. It was in late March that Brean Capital put its reputation on the line and made a bullish call on Macau stocks. It had a $174 target on Wynn from $132. Wynn is now at $114, nearly cut in half from its highs. It called for...
Ask not where bitcoin will be tomorrow, but 10 years from now
September 19, 2017