Macau gaming operator Sands China announced that its controlling shareholder, Las Vegas Sands plans to further increase its stake by over $100 million.

Las Vegas Sands has demonstrated ‘resilience and growth’ in its second-quarter 2024 performance, with the group to further leverage future property renovation completions in Macau, a dispatch by CreditSights indicates.

Despite gross gaming revenue in Macau slightly surpassing forecasts for the second quarter of 2024, Las Vegas Sands is expected to face challenges in market share and non-gaming contributions, brokerage Deutsche Bank indicates.

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.

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

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.

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

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'.