Monday, June 24, 2024

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Las Vegas Sands eyes on Thailand

Las Vegas Sands CEO Rob Goldstein has once again confirmed the company's interest in Thailand, responding to inquiries from investment bank analysts regarding the company’s 1Q24 results.

Daily Asia Gaming eBrief: Las Vegas Sands dominates in 4Q23

While Macau continues to dominate land-based gaming, Singapore is delivering some impressive figures, at least for Las Vegas Sands, who saw incredibly healthy results in the fourth quarter of last year. Meanwhile, Macau's junket sector continues its slow demise, as holders-on lose faith in a comeback. In South Korea, INSPIRE expects to announce its casino's opening date on Monday, after receiving its casino license from authorities.

Las Vegas Sands: 4Q23 EBITDA hits $1.2B, as Marina Bay Sands sees record quarter

Las Vegas Sands announced strong results for the fourth quarter of 2023, reporting nearly $1.2 billion in adjusted property EBITDA and net revenue of $2.91 billion, amongst the continued rise of its Macau and Singapore operations.

Las Vegas Sands purchases a further $249.5 million in Sands China shares

Las Vegas Sands has decided to increase its shareholding in Sands China by purchasing some HK$1.95 billion ($249.56 million) in shares.

Miriam Adelson and family to sell 10 percent share in Las Vegas Sands to purchase sports franchise

Miriam Adelson, the wife of late gaming mogul Sheldon Adelson, is offloading some 10 percent of her stock in Las Vegas Sands in order to purchase a sports franchise.

Las Vegas Sands resumes stock $2 billion buyback scheme following a three-year break

On Wednesday, Las Vegas Sands Corp.'s board approved its first share repurchase program since 2020.

Fitch Ratings improves Las Vegas Sands’ outlook over Macau recovery

Recovery in Macau and Singapore has prompted rating agency Fitch to maintain its BB+ rating for Las Vegas Sands, with the group's outlook changed from 'negative' to 'positive'.

Argus trims Las Vegas Sands stock target price due to possible challenges

Las Vegas Sands had its target price cut by stock analysts at Argus from $72 to $68, on potential challenges to profitability.

Las Vegas Sands “looking hard” at Thailand but focused on New York

The Chairman and CEO of Las Vegas Sands says that “we’re certainly looking hard at Thailand”,  as the nation’s House of Representatives earlier in January approved a report proposal to set up an entertainment complex (complete with a casino) in the nation.

Las Vegas Sands posts US$158m loss for 3Q22, Marina Bay Sands carries

Las Vegas Sands posted a $158m loss as it reported financial results for 3Q22. In turn, Marina Bay Sands generated $343m EBITDA.