01, Feb, 2013

 

Average Daily Table Revenue (ADTR) was USD 99.9 million last week, which is below the first two weeks of the month, but expected due to the pre-Chinese New Year timing. The partial smoking ban allows casinos to have smoking areas in up to 50% of the gaming floor area, though the rules do not stipulate the minimum number of slots and tables to be included in smoking and non-smoking areas. Since January 1st 2013, 9000 people have been fined for smoking in public areas. 

 

01, Feb, 2013

 

01, Feb, 2013

 

A subsidiary of Australian-based Leighton Holdings, Leighton Asia, has been chosen by Wynn Macau (1128:HK) to design and build its maiden property in Cotai.  The contract value is reportedly worth USD $231 million.  Leighton has already been involved in several Macau projects, including Wynn Macau, Wynn Encore, Macau Fisherman’s Wharf and City of Dreams.

01, Feb, 2013

 

Sands China has not yet indicated where its 200 new tables will be allocated.  The head of the Gaming Inspection and Coordination Bureau, Manuel Joaquim das Neves, was quoted by Portuguese-language newspaper Ponto Final as saying: “The operator has to inform us where it is going to put the tables and when the tables will open. Afterwards, we will conduct an inspection.”  The company’s chief executive Edward Tracy said that some of the new tables would be made available in time for the Lunar New Year holiday, which starts on February 10.

01, Feb, 2013

 

Las Vegas Sands Corp (LVS) is revamping its compliance procedures as it faces scrutiny from US regulators over anti-money laundering and bribery.  LVS announced that it is no longer making international money transfers for its high-end casino customers and is also planning to improve the background checks it does on VIP customers, as well retraining its staff on U.S. anti-bribery laws.

01, Feb, 2013

 

In an interview with CNBC, the president and chief operating officer of Las Vegas Sands Corp, Michael Leven, said that he is bullish on the city’s gaming industry outlook and thinks that Macau could eventually hit gross gaming revenue of USD $100 billion per year.  Mr Leven was quoted as saying, “It will continue to grow, because as income grows in the mainland, it’s going to continue to feed people into Macau. There’s no risk that they won’t have considerable growth.”

01, Feb, 2013

 

Hong Kong-listed Sands China Ltd declared on Friday an interim dividend of HK$0.67 (USD$ 8.6) per share, payable on or about February 28. In January last year, the Macau-based gaming operator announced an interim dividend of HK$0.58 ($7.5) per share, its first ever. Three months later, Sands China’s board of directors recommended the payment of a final dividend of HK$0.58 per share for 2011.

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