Las Vegas Sands Corp. named acting Chief Executive Officer Robert Goldstein as permanent CEO following the death of Sheldon Adelson.
Sands
Sheldon Adelson’s Las Vegas Sands is exploring the sale of its casinos in Las Vegas in a move that would mark the mogul’s exit – for now – from the US gambling industry, according to South China Morning Post (SCMP).
Sands China has donated 1 million patacas (US$125,000) to four social service organisations in the city to help them assist the community’s most vulnerable cope with the fallout from the COVID-19 epidemic.
Hong Kong-listed Macau gaming operator Sands China has announced that its profit increased 8.4% to US$2.03 billion last year.
29 of the city’s 41 casinos will reopen for business today (Thursday), while the remaining 12 casinos have applied to defer reopening their doors.
Macau gaming operator Sands China said on Wednesday that “regarding a recent video circulating on social media purporting to show Sands China’s current team member accommodations, Sands China wishes to clarify that the video in question was taken during a typhoon in the past and shows a temporary rest area prepared for team members on duty.”
If they do leave due to the China-US trade war worsening further, local or mainland Chinese-funded companies could take over the respective hotel-casino resorts to run the gaming businesses.
Casino operator Las Vegas Sands Corp reported a year-on-year increase of 61.9 percent in net income in the second quarter of 2017 to US$638 million. The quarterly results were driven by strong performance at its Macau and Singapore subsidiaries, the firm announced on Wednesday.
Sands China Ltd.’s (SCL) total net revenues increased 15.3 percent to US$ 1.88 billion in the first quarter of 2017, compared to US$ 1.63 billion in the first quarter of 2016.
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