Las Vegas Sands (LVS) Chairman and CEO Robert Goldstein has bemoaned the lingering impact of the US-China trade war, as well as increased domestic and regional competition and the rise of online gambling across Asia for sustained flatness in the Macau market.
Goldstein also expressed a desire to improve the performance of his company’s Macau subsidiary, Sands China, which he said had not lived up to recent expectations not lived up to recent expectations despite those expectations being dampened due to a raft of substantial renovation projects that have limited its hotel room supply.
The long-time LVS executive was speaking at Bernstein’s 41st Annual Strategic Decisions Conference where he observed that one of the main challenges facing the Macau land-based gaming market in 2025 was falling spend per customer – a trend he attributed to a series of macro factors.
