Tag Archives: las vegas sands
Macau casinos extend revenue winning streak to one year
August 1, 2017Macau casinos have now grown their gaming revenue for 12 consecutive months, as VIP gamblers continue to migrate back to their traditional home. Figures released Tuesday by Macau’s Gaming Inspection and Coordination Bureau (DICJ) show July’s gaming revenue hitting MOP 23b (US $2.86b), a 29% gain over the same month...
Marina Bay Sands: where VIP gamblers’ luck goes to die July 26, 2017Casino operator Las Vegas Sands saw its revenue top $3b in the second quarter of 2017, thanks in part to a luckier than usual VIP performance at its Singapore operations. Figures released Wednesday show Sands’ revenue rising 18.6% to $3.14b in the three months ending June 30, while operating income...
Sands Bethlehem fined $150k for 10 underage gambling incidents July 13, 2017Stop us if you’ve heard this one already, but Las Vegas Sands’ Pennsylvania casino has been caught (again) letting young ‘uns gamble and drink. On Wednesday, the Pennsylvania Gaming Control Board (PGCB) announced a whopping $182,500 in fines against three of its licensees, although the bulk ($150k) was leveled against...
Las Vegas Sands launch $1m anti-VGT campaign in Pennsylvania June 6, 2017Casino operator Las Vegas Sands has mounted a public relations campaign against a proposal to allow video gaming terminals (VGT) in Pennsylvania bars and clubs. The Allentown Morning Call reported that Sands has allocated over $1m to fund an astroturf group it’s calling Pennsylvanians For Responsible Government (PFRG) to fight...
Venetian Macau pulls the plug on Neptune junket June 2, 2017Venetian Macau has cancelled the right of one of Neptune Group’s junket partners to run high roller tables on the integrated resort’s casino floor, the junket operator revealed. The Hong Kong-listed casino junket operator has rights in sharing profit streams from four junket businesses in Macau: Hou Wan, Neptune Ouro,...
Sands Bethlehem sale talks break down, expansion on hold May 23, 2017Talks regarding the sale of Pennsylvania’s market-leading Sands Bethlehem casino have reportedly broken off, according to local sources. On Tuesday, the Morning Call quoted multiple sources saying that negotiations between Sands Bethlehem’s owner Las Vegas Sands and rival MGM Resorts had ended after MGM backed out of the proposed $1.3b...
