Las Vegas Sands NYSE: LVS kasyna i hotele w Las Vegas, Macau, Singapurze

[slayer74]

Przychody z hazardu osiągnięte przez kasyna w Makau spadły we wrześniu do najniższego poziomu w ciągu roku, co wskazuje, że napędzająca gospodarkę tej byłej kolonii portugalskiej branża odczuwa problemy ekonomiczne i geopolityczne.

Łączne przychody z gier hazardowych wyniosły 22,1 mld MOP (2,7 mld USD), co w porównaniu z wrześniem 2018 r. jest wartością co prawda o 0,6 proc. wyższą, jednak równocześnie najniższą w ciągu minionych 12 miesięcy, wynika z danych Gaming Inspection & Coordination Bureau. Tymczasem mediana oczekiwań analityków zakładała wzrost przychodów o 1 proc.

https://www.pb.pl/przychody-kasyn-w-mak ... oku-971897

[slayer74]

Marzec był szóstym z rzędu miesiącem z odnotowanym spadkiem przychodów z hazardu w Makau. To rezultat przedłużonego zamknięcia tamtejszych kasyn z powodu kwarantanny i restrykcji granicznych w Chinach.

Przychody brutto kasyn w marcu 2020 r. wyniosły zaledwie 5,26 mld MOK (658,7 mln USD), co oznacza niemal 80 proc. spadek w porównaniu z analogicznym okresem 2019 r., wynika z danych Gaming Inspection & Coordination Bureau.

https://www.pb.pl/kolejny-gwaltowny-spa ... kau-987066

[slayer74]

Los Angeles, May 12 (Jiji Press)--Las Vegas Sands Corp. said Tuesday it will no longer pursue the development of a casino-featuring integrated resort, or IR, in Japan.
The U.S. company was seen as a leading candidate to win a bid to operate an IR in Yokohama, Kanagawa Prefecture, south of Tokyo.

[slayer74]

Las Vegas Sands Seeks To Be 'Sans Vegas' By Selling Vegas Strip Casino Resorts

ADELIA CELLINI LINECKER04:00 PM ET 10/27/2020
Las Vegas Sands (LVS) is looking to sell its two hotel-casino properties on the Las Vegas Strip, as casinos and convention centers remain largely closed as the pandemic drags on. LVS stock fell, with other casino stocks falling further.

A Sands spokesman confirmed that discussions have taken place, though nothing has been finalized, according to multiple news reports.

Las Vegas Sands CEO Sheldon Adelson is working with an advisor to field interested buyers, according to Bloomberg. Sale of the Venetian Resort, the Palazzo and the Sands Expo Convention Center could net $6 billion.

"If LVS goes forward with these reports then they would no longer have a U.S. presence, despite being an S&P 500 company," wrote Wolfe Research analyst Jared Shojaian in a report. "LVS has remained consistent that returns are greater in Asia where there is also more growth, and Vegas has not been a core part of LVS's business at only 9% of 2019 EBITDA."

A sale would mean the company's remaining properties would be concentrated in Asia, namely in Singapore and Macau. Sands' U.S. business was already a fraction of its total operations at 15% of revenue last year. Its five resorts in Macau, the world's biggest gambling market, generated 63% of the company's $13.7 billion in revenue.

But Covid has devastated the casino industry. Last week, Sands reported Q3 revenue of $586 million, an 82% decrease from the prior-year quarter. It lost 67 cents a share vs. a 75-cent-a-share profit in the same period last year.
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https://www.investors.com/news/las-vega ... o-resorts/

[slayer74]

Las Vegas Sands (NYSE:LVS) stock rose 2.9% after the casino and resort company agreed to sell its Las Vegas real property and operations, including The Venetian Resort, to Apollo Global Management (NYSE:APO) for $6.25 billion. Apollo, which is also in talks to buy assets from the troubled supply chain finance specialist Greensill Capital, was down 0.9%

Las Vegas Sands Is Leaving Las Vegas As It Sells U.S. Properties For $6.25 Billion

https://www.investors.com/news/las-vega ... 5-billion/

[slayer74]

Casino operators soared after reports indicated that they will be able to carry on doing business as usual in Macau, the gambling center of China. Las Vegas Sands (NYSE:LVS) stock rose 15% while Wynn Resorts (NASDAQ:WYNN) stock rose 8.8%. The news removes a long-standing concern about the companies' prospects.

[slayer74]

Macau casino revenues surge in Jan after COVID rules lifted

HONG KONG (Reuters) - Macau posted an 82.5% year-on-year rise in gambling revenue to 11.6 billion patacas ($1.4 billion) in January, after the world's biggest gambling hub had nearly half a million visitor arrivals over the week-long Lunar New Year holiday.

The crowds were the biggest in more than three years, but January's revenue was still less than half of the Lunar New Year period in 2019 prior to the COVID-19 outbreak, according to data released by Macau's government on Wednesday.

Still investors took cheer, sending shares in Macau casinos up between 3% to 5%, while executives and analysts said it was an encouraging sign of a solid recovery to come.

A special administrative region of China, Macau has seen a resurgence of tourists from the mainland since Jan. 8 after the territory dropped all COVID-19 testing requirements for inbound travellers from the mainland, Hong Kong and Taiwan.

Tens of thousands of tourists streamed daily into Macau's casinos and picturesque cobbled streets over the Lunar New Year holiday from Jan. 21, a stark contrast to the dearth of visitors into the former Portuguese colony since 2020.

Macau is the only place in the country where gambling in casinos is legal. It had closely followed China's zero-COVID strategy since 2019 and re-opened alongside the mainland.

January's revenues were the first for Sands China (OTC:SCHYY), Wynn Macau (OTC:WYNMF), MGM China (OTC:MCHVY), Galaxy Entertainment, MGM China and SJM Holdings (OTC:SJMHF) under new 10-year contracts.

The casinos had launched under 20-year contracts in 2002, raking in billions of dollars and turning a sleepy fishing village into a glitzy boomtown.

The new contracts, with more government oversight and control, were struck after COVID-19 restrictions decimated Macau's gambling revenues and sent net debt soaring. The industry had its worst revenue performance on record in 2022.

The city's once lucrative VIP industry has also collapsed following several arrests in Macau's junket industry. A Macau court on Jan. 18 sentenced Alvin Chau, one of the city's most well-known figures, to 18 years in prison.

NEW ERA

Casinos have committed to investing a total of $15 billion in the coming decade, 90% of which must be spent on developing non-gaming plans that include an indoor waterpark, health and wellness centres, art exhibitions and a large garden attraction by Sands, similar to Singapore's Gardens by the Bay.

Stakes are high as to whether they can successfully deliver on a government mandate to increase non-gaming revenues to more than 30% versus of the total versus an average of 5% pre-COVID.

In Las Vegas, around 50% of revenues are non-gaming.

Rob Goldstein, chairman and chief executive of Las Vegas Sands (NYSE:LVS), majority owner of Sands China, said the company was seeing a very strong recovery in Macau since the lifting of COVID restrictions.

"We're just thrilled to be open and making money and seeing demand like we're seeing," he told an analysts call last week.

However, labour shortages are becoming apparent as resorts and retail stores rush to boost staff to keep up with demand, and a Sands executive said it was not operating some hotels at full capacity as a result.

[slayer74]

Investing.com -- Las Vegas Sands reported Wednesday better-than-expected third-quarter revenue that was driven by a recovery in travel and tourism spending in Macao and Singapore.

Las Vegas Sands Corp (NYSE:LVS) jumped more than 4% following the report.

The casino operator reported adjusted Q3 EPS of $0.55 on revenue of $2.8 billion, compared with estimates of $0.55 on revenue of $2.72B.

After reinstating its quarterly dividend last quarter, the company said it authorized increasing its stock buyback plan to $2 billion from $916 million, and extended the duration to Nov. 3, 2025.

The company said it would resume its share repurchase program in Q4.