Macau might curb growth of its casino industry with limits on gambling tables, other measuresOctober 13th, 2009 Macau eyes curbs on its booming gambling industryHONG KONG — Macau may curb the growth of its booming casino industry with limits on the number of gambling tables and other restrictions, the government said. The southern Chinese city's government met Monday with executives of six casino operators, including the local units of Las Vegas Sands and Wynn Resorts, to discuss a review of the industry, according to a government statement.
Cemex completes $1.7B sale of Australian operations to Holcim in effort to build liquidityOctober 1st, 2009 Cemex completes $1.7B sale of Australian assetsNEW YORK — Building materials giant Cemex SAB de CV said Thursday it completed the sale of its Australian operations to Holcim Group for proceeds of about $1.7 billion. The company said it plans to use the proceeds to pay off debt and strengthen its liquidity position.
Reports: Wynn raises size of Macau assets IPO to $1.63 billion; investors eye gambling enclaveSeptember 20th, 2009 Reports: Wynn boosts size of IPO for Macau assetsNEW YORK — Casino operator Wynn Resorts Ltd. will increase the size of its Hong Kong initial public offering for its Macau casino assets, as it looks to raise up to HK$12.6 billion ($1.63 billion), according to published reports.
Report: Wynn raises size of Macau assets IPO to $1.63 billion; investors eye gambling enclaveSeptember 20th, 2009 Report: Wynn boosts size of IPO for Macau assetsNEW YORK — Casino operator Wynn Resorts Ltd. will increase the size of its Hong Kong initial public offering for its Macau casino assets, as it looks to raise up to HK$12.6 billion ($1.63 billion), according to published reports.
Venetian Macau resort to target Indian touristsSeptember 18th, 2009 NEW DELHI - Five-star resort Venetian Macau, owned by Las Vegas Sands Corp and located in Macau, China, will open offices in major Indian cities in a bid to attract more Indian tourists. "We will open offices in Delhi, Mumbai and Bangalore by the year-end.
Las Vegas Sands plans to raise up to $600 million in proceeds from exchangeable bonds saleSeptember 2nd, 2009 Las Vegas Sands plans exchangeable bonds saleLAS VEGAS — Las Vegas Sands Corp. said Wednesday that it plans to raise up to $600 million in proceeds from an exchangeable bonds sale, as the casino operator looks to boost its liquidity.
Analyst lifts Las Vegas Sands price target after company amends credit agreementAugust 14th, 2009 Analyst increases Las Vegas Sands price targetNEW YORK — An analyst boosted Las Vegas Sands Corp.'s price target Friday after the casino operator reworked a credit agreement so that it could potentially sell a minority stake in its Macau operations to raise cash. Thursday, the Sheldon Adelson-led Las Vegas Sands said the amended Macau facility would improve its financial flexibility.
Casinos cos. with Macau properties rise on monthly gaming revenue results, City of DreamsAugust 3rd, 2009 Sector Snap: Casino operators in MacauNEW YORK — Shares of casino operators with properties in Macau climbed Monday as July gaming revenue edged up in the Chinese enclave and Melco Crown Entertainment Ltd.'s new casino reported promising monthly results. The latest statistics indicate that Macau gaming revenue rose 3.1 percent in July, a marked improvement from June's 17 percent decline, JPMorgan's Joseph Greff said in a client note.
Las Vegas Sands to post second-quarter earnings after market closes ThursdayJuly 28th, 2009 Earnings Preview: Las Vegas Sands Corp.LAS VEGAS — Las Vegas Sands Corp. is to report its second-quarter financial results after the market closes Thursday.
Adelson says Sands may raise $3.5-$4 billion from Macau IPO, selling noncore assetsJuly 8th, 2009 Adelson says Sands considering Macau IPOSINGAPORE — Cash strapped casino operator Las Vegas Sands Corp. is considering an initial public offering of its Macau assets and the sale of peripheral businesses to raise $3.5 billion to $4.0 billion, chairman Sheldon Adelson said Wednesday.
Casino operators with Macau properties mixed on disappointing June gaming revenue resultsJuly 1st, 2009 Sector Snap: Casinos mixed on June Macau resultsNEW YORK — Shares of casino operators with Macau properties were mixed Wednesday on disappointing monthly gaming revenue results. June gaming revenue fell 17 percent compared with a year ago, according to media reports.
Las Vegas Sands books wider 1st-qtr loss as expenses rise, revenue stays flatMay 5th, 2009 Las Vegas Sands reports wider 1Q lossNEW YORK — Casino operator Las Vegas Sands Corp. said Tuesday its first-quarter loss widened year-over-year as revenue stagnated and expenses rose, but the results were slightly better than Wall Street expected.
Billionaire Adelson paid $1.28M in 2008 to run Las Vegas Sands, 59 percent drop from 2007May 1st, 2009 Las Vegas Sands CEO Adelson paid $1.28M in 2008LAS VEGAS — Billionaire Sheldon Adelson received $1.28 million in compensation as chief executive of Las Vegas Sands Corp. in 2008, 59 percent less than in 2007, as stock in the company where he is majority owner fell 94 percent, according to an Associated Press analysis of a company regulatory filing made Thursday.
Casino co. Las Vegas Sands refuses to comment on report it is selling Macau propertyApril 27th, 2009 Sands declines commment on report about Macau saleLAS VEGAS — Casino company Las Vegas Sands Corp. is declining comment on a Hong Kong newspaper report that it could sell the first foreign-owned casino in the Chinese island of Macau under a lease-back arrangement worth $1.3 billion.
Casino co. Las Vegas Sands refuses to comment on report it is selling Macau propertyApril 27th, 2009 Sands declines comment on report about Macau saleLAS VEGAS — Casino company Las Vegas Sands Corp. declined to comment Monday on a Hong Kong newspaper's report that Sands might sell the first foreign-owned casino in the Chinese island of Macau under a leaseback arrangement worth $1.3 billion.
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