Waddell & Reed to Raise up to US$258 Million Selling Sands China, Wynn Macau Shares - Term Sheet

Cotai Drives Las Vegas Sands' Record Results

Filed under: Investing As expected, Cotai is driving Las Vegas Sands' results to record levels on the back of massive mass-market growth. The company reported earnings last night, and revenue grew 19.5%, to $3.30 billion, and earnings per share rose $0.01, to $0.71. The bottom-line comparison was heavily affected by a lucky quarter last year, which I'll cover below.  Growth...

dailyfinance.com (1 month and 16 days ago)

Las Vegas Sands Surfs The Macau Wave Of Growth

  Las Vegas Sands recently reported its 1Q 2013 earnings. The company attracted a record number of tourists and saw a 20% surge in revenues led by accelerated growth in Macau. While Sands China reported close to 40% growth in revenues for the first quarter, Singapore revenues declined despite a 40% increase in rolling chip volumes. Although Cotai Central was the new...

forbes.com (1 month and 11 days ago)

Sheldon Adelson, star witness in trial over Sands Macau properties, begins testimony

Richard Suen says he used his influence in China to help Las Vegas Sands land a deal to build casinos in Macau. But Suen said Sands never paid him, as agreed, for his help. Now, he’s going to court for a second time to try to collect millions from the company led by mogul Sheldon Adelson.

lasvegassun.com (2 months and 17 days ago)

Sands, Dreamworks strike Macau casino license deal

Las Vegas Sands' China arm is licensing Dreamworks characters for a new attraction at one of its Macau casino resorts.

philly.com (1 month and 19 days ago)

Sands, Dreamworks strike Macau casino license deal

Las Vegas Sands' China arm is licensing Dreamworks characters for a new attraction at one of its Macau casino resorts.

miamiherald.com (1 month and 19 days ago)

Sands, Dreamworks strike Macau casino license deal

Sands licenses Dreamworks characters for Macau casino in sign of China market luring studios

msn.com (1 month and 19 days ago)

Las Vegas Sands Winning Bet Comes From Doubling Down In Macau

A little less than 60% of Las Vegas Sands’ value comes from its operations in Macau, which has a gaming market almost five times the size of Las Vegas and is still growing. The U.S. gaming and casino companies are looking to accelerate their expansion in this region as the Las Vegas strip becomes saturated. Compared to its peers, Las Vegas Sands is doing better in Macau...

forbes.com (3 months and 1 day ago)

Las Vegas Beats Macau As Wynn's Profit Surges

As Las Vegas and Macau continue to perform, Wynn Resorts managed to deliver a wide first quarter earnings beat after the bell on Thursday.  The casino operator founded by billionaire Steve Wynn has had a good 2013 from a stock market perspective, but wasn’t receiving much love from investors in post-market trading.

forbes.com (1 month and 24 days ago)

CVC, RBS Raised US$528 Million by Selling Samsonite Shares -Term Sheet

foxbusiness.com (2 months and 27 days ago)

Stakes higher as retrial in claim against Las Vegas Sands under way

The story remains the same, but the stakes have risen by nearly a quarter of a billion dollars in the retrial of one-time consultant Richard Suen’s claim against Las Vegas Sands Corp. During opening statements Wednesday, Suen attorney John O’Malley told jurors that Suen had played a critical role in helping Sands secure its lucrative gaming license in Macau a decade ago....

lvrj.com (2 months and 17 days ago)