Rob Goldstein

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    Hotel shortage holds back mass growth

    Las Vegas Sands President and Chief Operating Officer Rob Goldstein says Macau needs more hotel rooms to fully benefit from the potential of the mass market. In a “fireside chat” with Bernstein analysts at their Strategic Decisions Conference, Goldstein said even with the opening of MGM China Holdings’ and SJM Holdings’ two new Cotai resorts […]

    Singapore allows $9 billion IR expansion, but raises taxes, entry fees

    Singapore has allowed the first major expansion of its integrated resort industry since its two IRs began operating, involving S$9 billion ($6.65 billion) new investment in non-gaming amenities, but casino entry fees and taxes will also rise. In a statement on Wednesday, the Ministry of Trade and Industry and the Ministry of Finance said the […]

    Osaka to be the best choice for IR location: Goldstein

    Las Vegas Sands president and COO Rob Goldstein said he believes Osaka to be the only city in Japan suitable for a large-scale IR with “millions” of square feet of convention space, and “thousands” of hotel rooms. Mr. Goldstein was speaking with analysts from Bernstein during a fireside chat at Bernstein’s 2019 Strategic Decision Conference. […]

    Seeking wind for top-line sales

    In the words of Las Vegas Sands Chief Operating Officer Rob Goldstein, “Singapore is a wonderful success story, but at this point it's just a very large producer of EBITDA without growth prospects in the near future.” Although management did a sterling job in controlling costs and squeezing the maximum profit out of the iconic resort, it showed little, to no, top line growth. 

    Japan the top prize, though Brazil seen a worthy contender

    Brazil and Japan are two of the most hotly anticipated casino markets, but how do they stack up against one another and which country is the most appealing for international casino operators and investors? The two nations have entwined cultural links, mainly due to mass migration throughout the 20th Century. In fact, Brazil is home to the world’s largest Japanese-descendant population outside Japan. One other thing Brazil and Japan have in common is that they both appear to be on the cusp of introducing legalized casino resorts after years of false starts and delays.

    No clarity in casino concession countdown

    The first of Macau’s six casino concessions expire in less than 18 months, though the operators who have invested billions in the territory still have no clarity as to how, or even if, those licenses to operate will be renewed.
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