Tag Archives: Las Vegas Sands
États-Unis – Apollo finalise l’acquisition du Venetian Las Vegas
The Venetian Las Vegas and The Venetian Expo announced that funds managed by affiliates of Apollo have completed their acquisition of the operations of The Venetian Resort from Las Vegas Sands Corp. The Venetian Resort, which offers one of the world’s most elevated resort experiences, is now a private company backed by the Apollo Funds….
US – Apollo’s take over of Sands’ Las Vegas assets gets the green light
The Nevada Gaming Control Board has recommended the Nevada Gaming Commission approve the $6.25bn deal for Apollo Global Management to buy the Venetian, Palazzo, and the Venetian Convention and Expo Center from Las Vegas Sands Corp. The deal will see VICI Properties own the land and Apollo owning the operations with a lease deal on…
US – Sands loss in 2021 comes in at US$689m
Las Vegas Sands Corp. halved its loss last year, recording a loss of US$689m in 2021, compared to operating loss of $1.39bn in 2020, with revenues in the fourth quarter down 0.7 per cent on the quarter last year. “We remain confident in the eventual recovery in travel and tourism spending across our markets and…
États-Unis – Le casino de New York attire 30 propositions d’intérêt
L'opportunité de développer l'un des trois casinos de la ville de New York a suscité l'intérêt officiel de 30 sociétés ou particuliers, dont des exploitants de casinos tels que Wynn Resorts, Las Vegas Sands, Bally's, Hard Rock, Rush Street Gaming et Okada Manila, qui ont tous soumissionné pour un projet. nouveau casino. Les casinos existants de la région ont également mis en place…
Chine – Fitch place une note de surveillance négative (RWN) sur Las Vegas Sands et SJM Holdings
Fitch a attribué une note de surveillance négative (RWN) aux opérateurs de casinos de Macao, Las Vegas Sands et SJM Holdings, en raison de l'incertitude entourant les délais de renouvellement des licences. Fitch a déclaré : « Le RWN reflète l’incertitude réglementaire importante à court terme liée aux concessions de jeux à Macao, dont la durée de 20 ans doit expirer le 26 juin…
China – Sands almost doubles Q3 earnings
Las Vegas Sands generated net revenue of $857m, compared to $446m in the prior year quarter. Operating loss was $316m, compared to $523m in the prior year quarter. Net loss from continuing operations inthe third quarter of 2021 was $594m, compared to $664m in the third quarter of 2020. Consolidated adjusted property EBITDA was $47m,…
China – Sands confident of returning to $5bn plus EBITDA from Asia
Despite positive adjusted property EBITDA in Macau and Singapore, Las Vegas Sands said it continued to be affected by pandemic-related travel restrictions and reduced visitation. For the quarter ended June 30, 2021, it generated net revenue of $1.17bn, compared to $62m in the prior year quarter. Operating loss was $139m, compared to $757m in the…
Japan – Sands rules out return to Japan casino race
Las Vegas sands has ruled itself out of potential return to the bidding process for a casino in Japan citing ‘too much uncertainty’ for its reluctance to revisit a project there. Sands pulled out of the dream of a Japanese integrated resort in May 2020, but some analysts believed that with the company offloading all…
US – Sands invests $17m into Florida casino ballot initiative
Las Vegas Sands Corp. has spent $17m in a fresh attempt to see commercial casino gaming introduced into Northern Florida, this time financing Florida Voters in Charge, a political committee that presented two proposed constitutional amendments. Voters In Charge is sponsoring a ballot initiative to give florida voters, not politicians, the exclusive right to approve…
