Las Vegas Sands Chairman Sheldon Adelson and his wife Miriam Adelson became the biggest contributors to Donald Trump’s re-election effort, with $75 million in donations to a super-
PAC that is spending heavily on television ads supporting the president.
Adelsons become Trump’s biggest donors with $75m to PAC (Bloomberg)
Shares in Macau's casino operators all rose on Thursday following an upbeat earnings announcement from Las Vegas Sands, while stock in Suncity Holdings outpaced, surging almost 23 percent on the day.
Las Vegas Sands’ latest earnings report provided a welcome respite from negative news, beating expectations and with a positive outlook, but perhaps the real surprise was the outperformance coming from Singapore.
Las Vegas Sands put a positive spin on the future outlook as it reported another quarter of heavy losses triggered by the Covid-19 pandemic.
Las Vegas Sands will be the first of the major operators to report its Q3 results on Wednesday, providing a snapshot of how the recovery process from the pandemic is faring in three major gaming jurisdictions.
Las Vegas Sands Chairman and Chief Executive Officer Sheldon Adelson chose his words carefully back in May when he announced that his firm, considered by many observers to be the frontrunner among major IR operators, had pulled out of the Japan race. But in an earnings conference call held last week, he let it rip.
Las Vegas Sands Chairman and CEO Sheldon Adelson offered a more candid explanation of why his company pulled out of the Japan IR race in May, citing “negative regulations” as the key factor. Speaking during an earnings conference call, Adelson stated, “The regulations that were promulgated by the Japanese government… were not conducive to attracting […]
Las Vegas Sands reported its financial results for the quarter ending June 30 and, as expected, they were grim, including a net loss of US$549 million at Sands China. Sands China revenues for the quarter came in at only US$40 million, which was a 98.1 percent drop from the same quarter in 2019. Marina Bay […]
Macau’s six operators are likely to post the worst quarterly performance ever in Q2, with the focus likely to be on who has done the most to control operating expenditures during the period, Morgan Stanley reports in a note.
Nine listed gaming operators in the Asia Pacific region are likely to see a plunge of about 70 percent in EBITDA this year, but all should have sufficient cash to cover basic needs for the next year, Moody’s Investors Service said.
Sands China is organizing a flight to repatriate some 130 Filipino workers stranded in Macau due to the Covid-19 pandemic, according to local media reports.