According to an update from Seaport Research Partners following a meeting with management of Las Vegas Sands Corp (LVS), the casino operator has no plans to reduce its promotional spend in Macau anytime soon – even if this negatively impacts EBITDA growth in the short-term.
LVS operates five resorts in Macau – The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza Macao and Sands Macao – via its subsidiary Sands China Ltd.
Seaport published its key takeaways from the meeting with LVS overnight, in which it noted that, “To meet Sands’ strategic objective of being the leader in Macau, the company does not plan to let up on spend in order to drive share gains and EBITDA growth – near term sacrifice for long term positioning.
