Sunday, December 8, 2024

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Las Vegas Sands CEO reduces personal share in the group

Las Vegas Sands (LVS) CEO and chairman Robert Goldstein sold 60,200 common shares on November 29th at $53.02 per share, totaling approximately $3.19 million, and further reducing its stock in the gaming group, a recent regulatory filing revealed.

Sands Cares Ambassador Programme celebrates 15th Anniversary milestone

Sands China celebrated the 15th anniversary of the Sands Cares Ambassador Programme at The Londoner Macao on Tuesday. The event was attended by around 200 guests, including government officials, company executives, representatives from Macao NGOs, and Sands Cares Ambassadors.

Sands China honors suppliers and local SMEs at Sands Supplier Excellence Awards

Sands China honored some of its most outstanding suppliers at the Sands Supplier Excellence Awards Tuesday at The Parisian Macao. The awards were part of a joint event where Sands China also recognized the 15th and 16th cohorts of local SMEs graduating from its Sands Procurement Academy training programme.

Sands China hosts 9th advanced training session for Responsible Gaming ambassadors

Sands China, a leading gaming operator in Macau, has successfully concluded its annual advanced responsible gaming training program. Over 40 team members participated in the training held on October 21-22 at The Londoner Macao, enhancing their knowledge and skills to support the Macao government's 'Seeking Help for Winning the Future' responsible gaming initiatives.

Shifts expected in Macau gaming dynamics in coming years, but Sands and Galaxy to maintain dominance: Jefferies

Analysts at Jefferies are largely in line with the Macau government’s estimates for gross gaming revenue in 2025, at $30.57 billion, a 2 percent increase from recently announced official estimates.

Marina Bay Sands targeting 40% EBITDA increase once IR2 expansion completed

Marina Bay Sands is aiming to create the ‘most valuable tourism development in the world’ with its IR2 (Integrated Resort 2) expansion, targeting a 40 percent increase in adjusted property EBITDA once the project is completed.

Marina Bay Sands seeking Singapore’s largest loan – $9 billion: Report

Marina Bay Sands is reportedly seeking Singapore’s largest loan, totaling some $9 billion to help fund the expansion of its integrated resort in the city.

Sands China contributes MOP1.08M to support scholarships and fellowships

Sands China Ltd. held its annual ceremonial cheque presentation on Nov. 5 at The Venetian Macao, donating MOP 1.08 million to representatives of 7 higher education institutions.

Daily Asia Gaming eBrief: Sands China leads Macau’s market share

Slicing the market share pie. In the third quarter of 2024, Sands China maintained the largest market share in Macau's gaming sector at 24.5 percent, while SJM Holdings reported the only increase in market share, rising from 12.7 percent to 14.1 percent due to gains in both mass and VIP gaming segments, data compiled by Deutsche Bank shows. Meanwhile, Thailand’s Secretary-General to Prime Minister Paetongtarn Shinawatra has indicated that the country’s IR bill is expected to pass through both chambers of parliament in 2025. Meanwhile, Resorts World Sentosa (RWS) has initiated a $5 billion transformation that will completely revamp its waterfront by 2030.

Sands China with highest Macau market share in 3Q24, SJM sees highest sequential share increase

Sands China remained the operator with the largest market share in the Macau SAR during the third quarter of 2024, however, SJM reported the only sequential increase in market share among the city's six gaming concessionaires, data published by Deutsche Bank shows.

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