Location: Macau
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 for... 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 Sands,... more
CreditSights weighs in on potential impact of US-China tariff war on Macau
The escalating tariff war between the US and China should have minimal impact on Macau due to the local gaming sector being primarily... more
Citi: Macau market-wide EBITDA likely to have fallen 6% in 1Q25
With 1Q25 earnings season just around the corner, Citigroup analysts expect Macau’s concessionaires to report a combined 6% year-on-year... more

