Archivos de etiqueta: Las Vegas Sands
EE.UU. – Apollo completa la adquisición de The 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…
EE.UU. – El casino de Nueva York atrae 30 propuestas de interés
La posibilidad de desarrollar uno de los tres casinos en la ciudad de Nueva York ha atraído el interés oficial de 30 empresas o individuos y operadores de casinos como Wynn Resorts, Las Vegas Sands, Bally's, Hard Rock, Rush Street Gaming y Okada Manila, todos presentaron ofertas para un nuevo casino. Los casinos existentes en la región también han puesto…
China – Fitch coloca Rating Watch Negativo (RWN) en Las Vegas Sands y SJM Holdings
Fitch ha otorgado una calificación de Rating Watch Negative (RWN) a los operadores de casinos de Macao Las Vegas Sands y SJM Holdings debido a la incertidumbre que rodea los plazos de renovación de las licencias. Fitch dijo: “La RWN refleja la incertidumbre regulatoria material a corto plazo relacionada con las concesiones de juego en Macao, cuyo plazo de 20 años expirará el 26 de junio…
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…
