Friday, April 19, 2024

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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.

US judge dismisses lawsuit over alleged Las Vegas room rate hiking strategy

A judge in the United States has dismissed the class action lawsuit against MGM Resorts, Caesars Entertainment and other top hotel chains over allegations they had violated the nation’s antitrust laws when setting room rates.

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.

Thousands of Las Vegas gaming workers to protest at MGM Resorts and Caesars

Thousands of Las Vegas workers are planning to protest outside MGM Resorts and Caesars on Thursday, as they contemplate a possible strike.

Resorts World Las Vegas President Scott Sibella departs after violating company policies, replaced by CFO

The President of Resorts World Las Vegas, Scott Sibella has left the role for violating the company’s policies.

TCSJOHNHUXLEY to unveil exciting new innovations at G2E Las Vegas

G2E Las Vegas 2023 sees TCSJOHNHUXLEY exhibiting once again at one of the most eagerly awaited events in the gaming industry calendar. 

G2E Las Vegas spotlights global casino entertainment from Konami Gaming

Konami Gaming, Inc. announced a prominent lineup of casino games and systems technology coming to the Global Gaming Expo (G2E) Las Vegas on October 10 – 12, 2023.