Friday, March 29, 2024

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NBA approves sale of controlling interest in Dallas Mavericks to LVS majority shareholders

The NBA has approved the sale of the controlling interest in the Texas-based sports franchise the Dallas Mavericks by entrepreneur Mark Cuban to the families that run Las Vegas Sands.

Newport World Resorts appoints former LVS executive Lance Gautreaux as Chief Casino Officer

Newport World Resorts has hired former Las Vegas Sands executive Lance Gautreaux as its Chief Casino Officer, assuming the role on Monday.

Your Daily Asia Gaming eBrief: Macau recovery drives LVS to strong profit

Las Vegas Sands' bet on Asia is continuing to deliver, with Sands China raking in some $1.6 billion in revenue during the second quarter and championing EBITDA figures of $541 million, even as it reversed a loss from the same quarter last year.

Predictions for LVS revenue of $2.39 billion in 2Q23, as Macau rebounds

Analysts are predicting that Las Vegas Sands should be publishing second quarter results of ‘about $2.39 billion’, which they note is ‘driven by a rebound in activity in Macau and potential strength in the company’s Singapore business’.

MGM Resorts rises in Forbes Global 2,000, ahead of LVS and Galaxy

MGM Resorts has moved up the rankings in Forbes’ World’s Largest Hotels, Restaurants and Leisure Companies listing for 2023, scoring number 5 on the charts as the group estimates sales of $14.1 billion and a market value of $15.7 billion.

Londoner opening furthers Adelson’s vision: LVS Chairman

The reopening of Sands China’s The Londoner, which cost some $2 billion to refurbish, has “delivered on Sheldon Adelson’s vision through the ongoing development of Cotai,” says Las Vegas Sands Chairman and CEO Robert Goldstein.

LVS Chairman re-elected as executive director of Sands China 

Sands China Ltd, one of the gaming operators in Macau, has re-elected its parent company's Chairman Rob Goldstein as an executive director.

LVS secures construction timeline extension with Singapore government for Marina Bay Sands

Las Vegas Sands has managed to secure a timeline extension from the Singapore government for the development of Marina Bay Sands, just ahead of an April deadline that could have caused the company to be in breach of its contract.

LVS Independent Director Yibing Mao resigns

Las Vegas Sands Independent Director Yibing Mao has resigned from the board, according to a company announcement.

Your Daily Asia Gaming eBrief: LVS loss in 4Q22 totals $166mln

Happy Chinese New Year! The Year of the Rabbit is already hopping along smoothly, with Macau seeing record numbers of visitors, topping 300k in five days.