Address: Estrada da Baia de Nossa Senhora da Esperanca, Macau
Sands China-owned Venice-themed property on Cotai, which was opened in 2007. It has approximately 376,000 square feet of gaming areas, as well as a 39-floor, five star hotel tower with 3,000 suites. It also features 64 Paiza VIP suites, some of which include private massage rooms, gyms, pools, and media/karaoke rooms.The resort features 1 million square meters of retail space and restaurants built around a replica of Venice’s Grand Canal. The Venetian boasts Macau’s biggest MICE facility with a convention center and meeting room complex of about 1.2 million square feet. It also includes the 15,000-seat Cotai arena for major entertainment and sporting events and the 1,800-seat Venetian Theatre.
Sands China is adding to its non-gaming attractions with a digital-only museum that it describes as a “body immersive” experience.
The Venetian Macao won a number of recognition at the 25th Annual World Travel Awards – Asia & Australasia, held in Hong Kong on Monday. The Sands China-owned won awards for Asia’s Leading Resort, Macau’s Leading Casino Resort and Macau’s Leading Resort. The World Travel Awards was established in 1993 to identify and reward the […]
Sands China Ltd. is implementing a paid paternity leave policy for eligible team members as of Feb. 16, 2018, according to a company announcement. Dr. Wilfred Wong, president of Sands China Ltd., said: “The family is the cornerstone of our society. Sands China values team members’ well-being and work-life balance, and is committed to […]
The strong VIP growth observed in 2017 would have left Las Vegas Sands Corp. in the dust if it weren’t for the opening of The Parisian, said writers for Motley Fool on Sunday. “Las Vegas Sands Corp. didn’t have a bad 2017 by market standards, climbing 35 percent for the year. But the company had […]
Sands China Ltd. celebrated the 10th anniversary of The Venetian Macao Monday, highlighted by a ceremony at the outdoor lagoon of the iconic integrated resort. Opened on Aug. 28, 2007, with great expectations for its success, the company’s anchor property on the Cotai Strip quickly became a must-see landmark destination that redefined the Cotai skyline, […]
VIP gaming room promoter Rich Goldman Holdings, formerly known as Neptune Group Limited, recorded net profit of HK$39.9 million for the year ended June 30, 2017, up from a net loss of HK$466.7 million recorded in the previous year. The group’s gaming revenue increased by approximately 6 percent to HK$295.5 million, attributable to improving customer […]
Total net revenues for Sands China increased 23 percent year-on-year to US$1.8 billion in the second quarter of 2017, driven by strong mass gaming revenue growth. Net income for Sands China increased 37.6 percent year-on-year to US$326 million in 17Q2, compared to US$237 million in 16Q2. “During the quarter both our Macao and Singapore operations […]
The Neptune Group says the Venetian Macau has terminated an accord with one of its junket operators that accounts for about 41.3 percent of group revenue. The Venetian wrote a letter to Hao Cai Sociedade Unipessoal on May 31 informing the operator of the termination. Hao Cai operates 14 VIP tables at the casino. In […]
Macau casino operator Sands China reported an 11.5 percent year-on-year increase in profit to US$349 million in the first quarter of 2017, compared to US$313 million in 16Q1. Total net revenues for Sands China increased 15.5 percent to $1.9 billion in 17Q1. Adjusted EBITDA increased 20.5 percent to $624 million in the quarter. Sands China’s […]
Donaco International Ltd has signed a three year deal with Kings Consulting Limited, owner of Poker King Club, to stage international poker tournaments at the Star Vegas. Poker King Club (PKC), which was founded in 2009 provides both cash game services and tournaments at different levels for all types of players. PKC currently has three […]
Las Vegas Sands posted a 5.6 percent year-on-year increase in net income for the fourth quarter of 2016 to $607 million. The casino operator, which owns and operates casinos in Las Vegas, Pennsylvania, Singapore and Macau, saw a combined total of $3.1 billion in revenue in the quarter, a rise of 7.4 percent year-on-year. Revenue […]
Sands China and MGM China have been cleared from alleged violations of Macau’s anti-smoking law, local media reports. In August, the Health Bureau issued an official notification for the investigation of MGM Macau after its workers accused the operator of setting up smoking zones in gaming areas meant for non-smoking activities. In the case of […]
Las Vegas Sands posted Q3 results that topped analysts’ forecasts as the Macau market returned to growth. Earnings for the quarter were at $0.72 per share, well above the estimated $0.60 per share and earnings from the same period last year of $0.66 per share. Revenue beat analysts’ expectations as well at $2.97 billion versus […]
Sands China Ltd. kicked off its support of Responsible Gaming 2016 earlier this month with a series of initiatives in support of the annual event organised by the MSAR Social Welfare Bureau, the MSAR Gaming Inspection and Coordination Bureau, and the University of Macau. Lasting from early October through January 2017, Sands China’s Responsible Gaming […]
MGM Grand Paradise and Venetian Macau have been ordered by the courts to pay back their tourism tax. According to a statement by the courts, MGM Macau was ordered by the director of the Financial Services Bureau (DSF) to pay back around MOP 6.8 million (US$844,600) owed for the year 2009, while Venetian was told […]
Luxury gaming manufacturer Interblock has signed a landmark deal with Macau gaming operators Venetian Macau and Sands Macau that will bring Interblock’s flagship Diamond Product Line to both properties. The incoming installation features a combination of 21 Diamond Roulette units with 8 stations and 10 Diamond Sic-Bo units with 8 stations equipped with their latest […]
A former Sands executive is asking a federal court in Nevada to rule on the continuing legal battle over his 2010 dismissal as head of operations of the Macau-based casino, according to local media. The lawsuit, filed on Jan. 29 in a U.S. District Court in Las Vegas seeks for unspecified damages on the question […]
The Venetian Macao has terminated a contract signed at the beginning of the month with Chinese company Lander Real Estate Co. Ltd. for the promotion of sports business in and outside Mainland China. The operator sent a letter to the Chinese company last week detailing its wish to cancel the contract without explaining its reasons, […]
Nine finalists showcased their baccarat, blackjack and roulette skills in front of a cheering crowd of fellow team members at Sands China Ltd’s Dealer Skills Championship at The Venetian Macau last week. Man Weng Ip, Wang Zhen Han and Un Wai Kin were crowned the winners in the baccarat, blackjack and roulette categories, respectively. Each […]
The Venetian Macau has scrapped a high-profile ad campaign featuring English soccer star David Beckham just two days before its launch. The Venetian Macau announced that this week’s launch event and campaign had been “postponed until further notice,” The South China Morning Post reported. The identity of the celebrity at the center of the campaign […]
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.
In a region traditionally dominated by table games there are signs that a new generation of slots can make an impact, as long as suppliers understand how to take a tailored approachThe emergence of skill-based slots and a better understanding of how to tailor machines to local markets is presenting manufacturers and operators with the opportunity to challenge the dominance of the table game in Asian casinos and attract a new type of player.
Integrated resorts have become a buzzword in the gaming industry, with investors and governments around Asia looking to the model as they prepare plans for new markets and properties. However, as gambling revenue in Asia's biggest resorts declines is the IR model the right formula for success?