THE M3: SANDS CHINA, HARRAH'S

The Macau Metro Monitor.  December 22nd, 2009.

 


SANDS CHINA MAY HAVE SALES OF $5 BILLION IN 2010 bloomberg.com

SANDS SAYS SINGAPORE WILL NOT HURT MACAU MARKET news.asiaone.com

In an interview in Singapore yesterday, Las Vegas Sands Corp Chairman Sheldon Adelson forecasted that Sands China may generate revenues of $4.5 billion to $5 billion next year.  Sands China had revenues of $3.05 billion in 2008.  Recently, record new loans in China have boosted spending and a recovery in visitation to Macau has led to gaming revenue to climb 6% in the first 11 months of 2009, according to the news agency Lusa.  Adelson also said that he does not expect its Singapore operations to cannibalize Macau’s mass casino market

 

 

SANDS SAYS IT CAN FINISH COTAI CASINOS IN 5 YEARS scmp.com

Sheldon Adelson has said that LVS could finish “all the [Cotai] properties easily within five years”.  The five projects, including two that are half way through construction, will complement the company’s two existing casinos in Macau.  Sands has said that it expects to open phase one of the two half-constructed projects on Cotai by June 2011. 

 

 

HARRAH’S CHIEF SEEKS TO BRING CAESARS PALACE TO MACAU bloomberg.com

Harrah’s Entertainment Chairman and CEO Gary Loveman wants to bring the Caesars Palace brand to Macau.  While Harrah’s owns a golf course in Macau, entering the gaming market would require working with an existing operator because the government limits the number of licenses to six.  A spokesman for MGM Mirage said that he was “unaware of any contact with Harrah’s about Macau”.   Spokespeople at other Macau operators were unavailable for comment. 


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