Sands China

    Website: http://www.sandschina.com/

    Address: The Venetian Macao-Resort-Hotel Executive Offices, L2 Estrada da Baia de N. Senhora da Esperanca, s/n Taipa, Macao

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then split to operate its own properties. The company is a unit of U.S. based Las Vegas Sands, headed by billionaire Sheldon Adelson. It opened Sands Macau in 2004, becoming the first Las Vegas-style casino to open in Macau. Its flagship Venetian was opened in 2007 and has the largest room count in the territory, which has placed it in a favorable position to attract the mass market visitor.

    People

    Sean McCreery

    Senior VP table games, Sands China

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    Sands China launches initiative to support local SMEs

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    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China 16Q4 results miss expectations

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Forex controls hit Macau casino stocks

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China awarded ‘Best Hotel Development’ for The Parisian Macao

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Macau casino stocks rise following Japan casino bill news

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China holds 4th annual Supplier Excellence Awards

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Cash declaration measures on the horizon

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands and MGM not guilty of smoking law violation

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Mass grows double digits in 16Q3: Union Gaming

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China participates in responsible gaming 2016

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Mohegan regulator hires Sands exec as VP, general counsel

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Macau casino stocks dip following Crown staff arrests

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Golden Week visitors up 8 percent

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China checks out Zhuhai’s Hengqin New Area

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Parisian Macao a possible headwind for Studio City

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    GGR stabilizing but soft recovery ahead: Fitch

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    New openings pressure room-rates

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Parisian will drive demand: Wong

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Parisian to open with 410 gaming tables, says Wong

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands’ new resort to bring a touch of Paris

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Parisian Macau to receive 150 gaming tables

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Hype driving short-term rally, warns analysts

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands hoping for more gaming tables

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China results weaker than expected, Parisian opening Sep. 13

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Bernstein lowers Sands China 16Q2 EBITDA estimates

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Macau’s first training course for gaming employees

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Parisian to feature VIP rooms

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China amends loan agreement

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Locals attend the Sands recruitment fair

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China EBITDA to decline 10 percent in 2016: Fitch

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    The Parisian to be showcased at Hong Kong travel fair

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Galaxy calls Sands Boss “impolite” and “unprofessional”

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China to focus on MICE offerings

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands looking to add 1,000 room tower in Singapore

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Las Vegas Sands settles lawsuit with former Macau CEO

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Macau to tighten visa rules for casino executive positions

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China declares final dividend

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Legislative Assembly largely in favor of smoking lounges

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Phone betting ban likely in Macau

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    LVS mulls sale of Singapore retail assets

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China profit down 9.6 percent, below estimates

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Interblock brings Diamond product line to Sands China

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Macau operators change shuttle bus policy

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands former president retires from board of directors

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands hires more than 600 employees during Parisian Macao recruitment fair

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China to host large-scale recruitment fair for The Parisian Macao

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Macau GGR may face weakness in March and April; analysts

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    MGM China and Sands have most productive staff; Morgan Stanley

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands persuades U.S. court to throw out $70 million verdict related to casino permit

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Las Vegas Sands boss says more discounting of Macau rooms to come

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Macau casino operators cuts number of shuttle buses routes

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands recommends final dividend for the year ended Dec. 31, 2015

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Table dealers fear wave of layoffs following mid-term review

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China offers non-gaming career development programme

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Macau GGR estimated to decline 18-24 percent in March; Bernstein

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Macau gaming slump could end in Feb; Wilfred Wong

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Macau’s major casino operators launch “Macau loves locals” campaign

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    District Judge to continue hearing Steve Jacobs’ case against LVS

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China gets approval to extend deadline of Parisian Macao

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China net profit falls 43 percent in 2015

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Former Sands executive takes dismissal case to U.S. Federal Court

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China announces pay increase and bonus to eligible staff

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Wynn Macau partners with Chamber of Commerce to launch SME programme

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Las Vegas Sands Q4 profit misses, but Adelson sees signs of stabilization

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China to benefit from paradigm shift to mass, says Bernstein

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China declares interim dividend

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Casino stocks tumble as China macro woes add to pain

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    MGM China and Sands China consider raising staff wages

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Lobby group withdraws request for probe of Adelson

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    VIP business not expected to rebound next year says Sands

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Galaxy leads in October VIP market share

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China to participate in Responsible Gambling 2015

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Las Vegas Sands 3Q earnings top forecasts: Singapore bright

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China CFO Toh Hup Hock resigns

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Parisian Macau’s Eiffel Tower tops out

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    LVS Macau mass market share drops in Sept., Wells Fargo says

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    China outbound travel strong in Golden Week, Macau not key beneficiary

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Macau stocks jump on news of China supportive measures

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Macau casino stocks plunge on Neptune warning, visitor concern

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China appoints Wilfred Wong as new president

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Macau average daily revenue higher in September than August

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Alan Dershowitz to represent Sands in lawsuit

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China to hold local supplier open day on August 31

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China EBITDA down nearly 37 percent in 15H1

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China organises responsible gaming team training for third straight year

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China announces procurement program for local businesses

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Analysts positive on Sands China results

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    China suspects LVS Macau casinos of being used by CIA

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China net revenues decline 25.6 percent in 15Q2

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Gaming stocks winning streak temporary

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Las Vegas Sands Q2 earnings seen down 28 percent

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    U.S. judge won’t unveil LVS files in Macau wrongful dismissal case

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Casino stocks rise in Hong Kong amid smoking bill hopes

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Macau’s 15Q2 EBITDA to drop amid higher operating costs

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Macau GGR for month through July 5 at $394m

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Gaming stocks rise following changes to visas

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China announces dealer development programme

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Smoking lounge planning, time and money wasted if total ban is enforced

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China ranked 99 in Newsweek’s Top Green Companies

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China declares HK$1 dividend at AGM

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Two thirds of casino employees back smoking lounges: survey

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Beauty and the Beast begins run at Venetian

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Judge urged to unseal documents in Sands China unfair dismissal case

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Melco Crown stock leads decline in HK trading

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Macau off to slow start in June

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands Cotai partners with Lander Real Estate for sporting events

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands calls on workers to show restraint in labor dispute

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Nevada judge rules Sands case to remain in U.S.

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China Ltd. expresses concern over construction workers protest

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    MBS wins inaugural All Asia Dealers Championship

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Investors not cautious enough on Macau, Morgan Stanley says

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    All Asia Dealers Championship details announced

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Nepalese team members of Sands China raise money for earthquake aid

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China provides additional transportation service for construction workers

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China profit drops 54.2 percent in 15Q1

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    LVS 15Q1 earnings miss forecasts as Macau revenue slumps

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China holds Dealer Skills Championship 2015

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    15Q1 EBITDA to drop 40 percent YoY: UBS

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    More downsides expected in 15Q1: MSR

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China announces amended credit agreement

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China granted temporary reprieve by judge

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Nevada judge imposes sanctions on Sands China

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China needs to brace for margin headwinds

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China to pay bonus on Feb. 16th

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Ed Tracy to leave Sands China

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Morgan Stanley sees upside in lower Macau labor costs, but expects project delays

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    Sands China may be forced to reveal Macau probe details

    Hong Kong-listed Sands China operates the Venetian Macau, Sands Cotai Central, The Plaza and the Sands Macau on the Macau peninsula. Its French-themed Parisian resort is scheduled to open later in 2016. The company is one of six operators licensed to operate in Macau. It was originally granted a license with Galaxy Entertainment, but then […]

    No clarity in casino concession countdown

    The first of Macau’s six casino concessions expire in less than 18 months, though the operators who have invested billions in the territory still have no clarity as to how, or even if, those licenses to operate will be renewed.

    Trade war creates headwinds for Macau gaming stocks

    Macau gaming stocks are feeling the heat from the trade war between the U.S. and China, falling to their lowest levels in a year, with some analysts cutting their growth forecasts on concern for a slowdown in China’s economy.

    Operators eye innovation as retail pops

    Alongside a rebound in gross gaming revenue, Macau is enjoying a boom in retail sales, with operators seeking to drive further growth through innovative concepts, such as pop-up shops and retail cafes.

    Gaming-linked candidates tout social fund, workers’ rights

    Macau’s sixth Legislative Assembly elections will take place on Sunday, with gaming-related candidates proposing more concessions, a social fund and better workers’ rights as part of their platforms. Seven gaming-linked candidates are competing as part of a 24-strong field for the 14 available seats.

    Attracting MICE

    Macau saw a 62 percent spike in MICE visitation in the first quarter, helped by government subsidies, though the territory still faces considerable hurdles to reach its full potential as an events and exhibitions destination. Macau has lost out to regional rivals due to a lack of hotel capacity, limited venues, poor transport links and a branding problem and although problems are gradually being addressed progress is slow.

    Looking for growth

    While the Macau market still has plenty more to give, operators are starting to look elsewhere for future growth potential 

    Macau stock rally seen losing steam

    Macau’s gaming stocks have rebounded to trade at two-year highs, tracking the recovery in gross gaming revenue, however analysts warn against over optimism, saying growth may be nearing its peak, at least in the short term.

    Squeezing liquidity from fixed assets

    The dramatic slump in Asia’s VIP revenue over the past two years has forced operators to trim costs and diversify income sources to plug the gap. While much of the focus has been on boosting non-gaming and tapping into the mass market, companies have also been looking at ways of unlocking shareholder value through monetizing extensive fixed assets. From real estate spinoffs, to timeshares and outright sales, many options are being considered.  

    Sands serves French flavour to whet mainland tourism appetite

    Ask many mainland Chinese what their dream travel destination is and the answer is unlikely to be Macau. According to a survey by CLSA, Macau came bottom out of a list of 21 destinations, with Europe, the U.S. and Australia topping the list. So, could Sheldon Adelson have hit upon a winning formula with his latest resort -- the $2.8 billion Parisian? The property, like its sister next door, aims to bring a little bit of Europe to the Cotai strip, providing a taste of all things French without the lengthy voyage and language complexities.

    Macau 16Q2 earnings to dip to five-year low

    Macau’s six casino operators will begin reporting Q2 results later this month, with analysts expecting a mixed bag. Though operators say they are seeing signs of stabilization in the market, that is unlikely to be reflected in the bottom line, at least for now. The consensus is that revenues and EBITDA will fall from the prior quarter and will hit the lowest level in five years.  

    Tourism blueprint is good start but hurdles high

    Macau’s tourism development masterplan, which aims to transform the VIP gaming hub into a mass market, diversified leisure destination, forecasts as many as 40 million tourists a year by 2015. The blueprint contains a clear vision of what the government wants for the future, with tourists staying longer and spending more on non-gaming activities. However, tourism industry experts say Macau as a family destination faces significant headwinds and stakeholders still haven't reached consensus on what brand Macau should be. 

    Fixing ailing Macau casinos: A few words of experience

    Macau industry observers, gaming analysts, and even casino operators are now admitting that the decade-old party has run out of steam, if not over. The “build it and they will come” maxim and its attendant hubris that has characterized the Macau gaming industry since 2003 are now causing deep concern to operators and investors alike. To counter the downturn, the knee-jerk reaction has been to cut costs, directly affecting customer service. This could be a disastrous strategy. According to a recent Gartner study, 89 percent of the companies surveyed will be competing on the basis of customer experience in 2016, nearly a three-fold increase from five years ago.

    Macau’s operators pick at costs as revenue slide continues

    Macau’s casino operators have already cut the low hanging fruit when it comes to reducing operating costs and are now struggling to further pare expenses as the slump in the market drags into its 19th straight month.With labour cuts not an easy option in Macau, the casinos face a juggling act in scaling back customer service standards without losing the customer. They are looking for creative ways to cut back behind the scenes and make every penny count.  

    Macau regulatory round up — current state of play

    The Macau Chief Executive is the ultimate government authority in determining policy, licensing and regulating the operation of casino games of chance and other gambling activities in Macau. In exercising such powers, the Macau Chief Executive is assisted by the Gaming Inspection and Coordination Bureau, best known for its Portuguese acronym “DICJ”.

    Macau’s challenge: Do policy-driven changes make for a successful market?

    At this year’s Macau Gaming Show, experts were called upon to ponder whether Macau, the world’s largest gambling hub, can follow the example of Las Vegas and transform itself into an entertainment capital for the mass market.Views varied, but the one common thread was that it was going to be a long and painful transition. While Las Vegas revenue crumbled over a period of years following the financial crash of 2007, the Macau market has fallen off a cliff in little over a year largely as a result of a government policy decision in neighbouring China. That creates challenges for those trying to reinvent the market.

    Do Macau and Singapore’s loyalty programs deliver bang for their buck?

    Loyalty programs have been in vogue in the casino industry for around thirty-five years, but are operators in Macau and Singapore getting the most from their offerings?Taking a leaf from grocery stores’ discount cards and the frequent flyer programs of airlines, the basic model of a “slot club” was implemented in 1980s. Then in 1997, Harrah’s (now Caesars) rolled out a loyalty card program called Total Rewards, which tracks customers' gaming activity and gives them rewards to encourage them to spend more money at the slots and tables. Done properly, these programs can be a goldmine, but many operators are not getting their money's worth. 

    Macau’s luxury malls look to High Street as clientele changes

    Macau’s retail malls, dominated by the luxury brands favored by high rolling mainland Chinese, are turning to more affordable High Street names as VIP revenue falls, but the shift is unlikely to have a major impact on operators’ profits, analysts say.Although retail revenues have moderated in Macau, the downturn has been less severe than the slump in overall gross gambling revenue, which dropped 36.2 percent in June, declining for the 13th consecutive month. Las Vegas Sands also reported strong growth in its retail operations in Q2, though future success may hinge on getting the brand mix right.  

    Macau operators win smoking ban reprieve, but for how long?

    Macau’s casino operators, who have put up a united front in opposing a proposed blanket ban on smoking, may have won a battle with signs the government is softening its stance, but have not yet won the war.After appearing firm in its resolve to make smoking in casinos a thing of the past, the government has mellowed its tone and says it will consider keeping the lounges. But the onus will be on the operators to prove they are not harmful to health and that may be a tough call.

    Macau changing its game

    Macau Chief Executive Fernando Chui Sai On sent a clear message to the casino industry in the first policy address of his second term in office this week - the government is no longer just paying lip service to diversifying the economy away from gambling. The territory, which in just over a decade has grown its industry to be more than seven times the size of Las Vegas, is currently dependent on gambling for 85 percent of its income. However, after nine straight months of declining revenue that triggered a 17 percent contraction in Q4 gross domestic product, Chui said the industry is going through a phase of “adjustment.”The territory, which in just over a decade has grown its industry to be more than seven times the size of Las Vegas, is currently dependent on gambling for about 85 percent of its income. However, after nine straight months of declining revenue that triggered a 17 percent contraction in Q4 gross domestic product, Chui said the industry is going through a phase of “adjustment.”The government has cut its projected revenue from gambling receipts this year to average 20 billion patacas ($2.5 billion) a month from 27.5 billion patacas, while analysts are forecasting a second year of contraction, possibly by as much as 30 percent, according to Deutsche Bank.In his address, Chui said the government will strengthen its oversight of the casino industry as licenses come up for renewal and may require the companies to regularly submit their investment and development plans for review, in particular with regard to non-gaming activities. A tourism panel, under Chui’s supervision, will draft a five-year plan for stable casino growth that will make the region less reliant on casino revenue. Macau, Chui said, will become a center of tourism and leisure travel.

    No end in sight to Macau slump as analysts cut estimates

    As the first quarter comes to a close, there seems to be little reprieve for Macau’s battered casino stocks, with analysts continuing to cut estimates on the back of weak Chinese New Year revenue and an ongoing stream of negative news.Although the February fall in gross gaming revenue was the worst on record at almost 49 percent, it wasn’t as bad as some had been expecting. Still the consensus is that the market has not reached a bottom as yet. Comments from both analysts and operators continue to reflect longer-term optimism, but agree there remains little near-term visibility.“February was very weak especially given Chinese New Year and a lot of analysts are revisiting their forecasts,” said Alex Bumazhny, an analyst at Fitch Ratings, which this week predicted a 4 percent decline for 2015 GGR. “The market is banking on a slow down in premium mass and on the whole it’s not looking so good for 2015.”It’s also unclear as to whether the regional operators which saw a sharp uptick in Q4 VIP revenue as high rollers fled Macau, will continue to benefit as China pledges no let up in its anti corruption drive.JP Morgan in a recent report cut its earnings and share price target estimates by 25 percent and said it now expects an 18 percent decline in 2015 GGR, while Deutsche Bank issued perhaps the most bearish forecast so far, predicting a 30 percent drop and slapping a sell rating on the Macau five operators apart from SJM Holdings, which was already rated sell.JP Morgan said it doesn’t expect a pick up in share valuations until April, pointing also to a series of regulatory overhangs in the market. Deutsche Bank says the GGR decline may extend into 2016.The Macau government will conduct an interim review of the gaming sector this spring and may provide more clarity on new table allocations to casinos. It is also likely to discuss the issue of inbound mainland visitors with Beijing and whether their movements will be further restricted. The government last year clamped down on transit visas to third country destinations and has said it may review the Individual Visa Scheme.“We believe the market would not give the benefit of the doubt, until such regulatory issues are proven to pass without any significant surprises,” the bank said.Citi is more upbeat, saying it believes the market may be at a turning point, but still sees no signs of recovery in the VIP sector. The firm recently cut its forecasts for 2015 market GGR to negative 16 percent, from its prior estimate for a drop of 4 percent.The Q1 results will follow on from a set of financial statements for Q4 that, while gloomy, were largely in line with expectations.“The results were more or less consistent with what we expected,” Fitch’s Bumazhny said. “Wynn lost some market share and that appears to have continued in Q1 which is a concern.”Wynn Macau, which currently has just one highly VIP focused property, posted the biggest drop in quarterly revenue so far. (Galaxy Entertainment will report on March 19th and SJM Holdings didn’t split out Q4 figures).Net revenues were $761.2 million, a 32 percent decrease from the $1.12 billion generated in the fourth quarter of 2013. Adjusted property EBITDA in the fourth quarter of 2014 was $241.2 million, down 35.5 percent.VIP turnover was down almost 40 percent, however the group has been renovating its casino floor which resulted in a drop in VIP tables to 244 in Q4 from 273 in the prior year. That renovation, which includes the addition of two VIP rooms and a new relationship with top junket operator Sun City, was scheduled for completion ahead of the Chinese New Year.Despite the weak Q4 for Wynn, analysts are generally reasonable bullish about its outlook.Sterne Agee’s David Bain wrote in a recent report that his buy recommendation on the stock remains intact and that investors have given little credit for its renovations and still less “to a top tier junket operator occupying one of its rooms that currently does not do business at its facility.”Bain and analysts at Citi also pointed to the fact that the opening of its new Wynn Cotai will be transformational for the company. Citi said the new property is likely to be the “premier” resort on Cotai, although the company indicated in its Q4 earnings call that the opening may be delayed.MGM China’s Q4 was also weaker than most had expected. Revenue fell 22 percent to $719 million, while adjusted EBITDA dropped 22 percent to $185 million.Like Wynn, MGM also cut Macau VIP tables in the quarter to 195 from 235. VIP table games revenue dropped 39 percent, while mass floor revenue jumped 19 percent, reflecting an increase in main floor games up to 228 from 195. UBS analyst Robin Farley points out the mass performance in the quarter was “impressive,” above the firm’s 18 percent growth forecast and the market consensus for a drop of 16 percent.The group said it remains on schedule for the planned opening of MGM COTAI in 2016. The expected total development cost is approximately HK$23 billion, excluding land costs and capitalized interest. It also announced plans to spend $100 million on revamping the main floor at its existing MGM Macau.Sands China as expected benefited from its bias towards the mass market and its higher capacity than other operators.Total net revenue declined 16.2 percent in the quarter to $2.12 billion, while adjusted property EBITDA decreased 14.7 percent to $713.2 million. Mass revenue was down 9 percent, while premium mass was down 17.5 percent. VIP volume was down 42 percent.“In Macau, we like its peer-high weighting to mass gaming (higher visibility and margins than VIP), peer-high hotel room capacity amidst strong visitation growth and gaming position lead in Cotai,” Sterne Agee’s Bain said.The company noted on its earnings call that there is room for improvement to its Q4 margin of 34 percent going forward, as the drop in the mass market was so rapid towards the end of the year that it had not had time to adjust expenses.However, analysts also noted that the company is no longer giving a specific time frame for the opening of its Parisian Macau resort, saying that the target remains “sometime in 2016.” UBS’ Farley says that the U.S. casino giant will need the Macau government to approve more labor to achieve that date.Melco Crown saw its Q4 revenue drop 20 percent, although again analysts are slightly more upbeat about the company’s prospects given the opening of its Studio City property later this year. The consensus view is still that added capacity will drive growth, although Deutsche Bank’s latest note even casts doubt on this theory.The opening of two new gaming venues this year isn’t expected to boost demand, and the market is underestimating pressure on casino operators’ profit margins, the German bank’s analysts noted this week.Melco’s adjusted property Ebitda was down 29 percent to $278.6 million.SJM’s annual gaming revenue dropped 8.8 percent to HK$79.3 billion, but CEO Ambrose So said it had been a challenging year, with a deterioration in the last half. So said that investors should not expect any sharp rebound in casino earnings in 2015, although is cautiously optimistic that revenue will stop falling in the second half of the year.  ******MPE  
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