Location: Macau
Fitch: Not implausible to see US operators forced to sell Macau casino interests should US-China relations deteriorate further
Macau’s three US operators could see their 10-year concessions terminated or not renewed when they expire in 2032 under a “worst-case... more
Analysts maintain Buy rating for Las Vegas Sands despite Macau results
Equity analysts have maintained their Buy rating for Las Vegas Sands, despite first-quarter Macau results coming in lower than expected.... more
Sands China revenues down 5.7% to US$1.7 billion in 1Q25
Sands China saw its total net revenues decline by 5.7% year-on-year to US$1.70 billion, and net income by 32.0% to US$202 million, in the... more
Las Vegas Sands drops bid for New York casino license
After dropping hints the last two quarters about its bid for a casino license in New York, Las Vegas Sands announced Wednesday it’s... more
Las Vegas Sands CEO hopes for quick resolution of U.S.-China trade dispute
Las Vegas Sands CEO Rob Goldstein addressed the political uncertainty between China and the U.S. over reciprocal tariffs, saying his... more
Las Vegas Sands reports declines in revenue and adjusted earnings
Las Vegas Sands reported Wednesday an across-the-board decline in revenue, income, and adjusted earnings in the first quarter, mostly due... more
Macau’s Secretary for Economy and Finance to examine concessionaire diversification performance as GGR projections falls short
Macau’s Secretary for Economy and Finance, Tai Kin Ip, acknowledged in the Legislative Assembly on Wednesday that gross gaming revenue... more
Casino industry Q1 earnings reports kick off this week amid talk of ‘deterioration’ in Las Vegas
Earnings season for the gaming industry kicks off Wednesday when Las Vegas Sands reports its first-quarter results, with one analyst... more
MGM China refinances debt via new US$3 billion revolving credit facility
MGM China has entered into agreements with certain lenders to make available a revolving credit facility of up to HK$23.4 billion (US$3.0... more
Las Vegas Sands faces a “challenging” path, Deutsche Bank analyst says
“We see little reason for heroic forecasts at current valuation levels,” Deutsche Bank analyst Carlo Santarelli wrote of Las Vegas... more
