IBTimes Australia : Las Vegas Sands Topic

Gamblers not so anonymous: Beijing keeps closer eye on Macau

Tue, 30 Apr 2013 07:35:03 +1000

With little fanfare, China is sending an official with a 'tough cop' reputation to be its top man in Macau, the world's biggest gambling hub, as Beijing puts tackling corruption centre stage.

Sands lawsuits shine harsh light on Macau's casino paradise

Sun, 14 Apr 2013 17:56:02 +1000

Casino magnate Sheldon Adelson's reference to triad organized crime gangs in testimony in a lawsuit has hit a raw nerve in Macau, the Chinese boomtown that his Las Vegas Sands Corp helped transform from a gangland haven into a $38 billion gambling capital.

Madrid to Build £18bn Mega-Casino, EuroVegas

Sun, 10 Feb 2013 05:12:19 +1100

Europe's biggest casino and conference centre is coming to Spain later this year, creating thousands of jobs.

MGM China’s Plan of New Casino in Macau Approved

Thu, 10 Jan 2013 12:06:41 +1100

MGM China Holdings Ltd, a venture between Pansy Ho and MGM Resorts International, received an approval from the Macau authorities to build a second casino in the world's No. 1 gambling hub, according to a statement released on the 9th January.

Macau Sees Gambling Revenue Grow 14% to $38BN in 2012

Thu, 03 Jan 2013 12:26:38 +1100

On the 2nd of January, official data showed that Macau saw gambling revenue increase approximately 14 percent to about $38 billion in 2012. The figures also indicated that Macau casino revenue jumped as much as 20 percent in December, surprisingly topping analysts' estimates. The results support the Macau's title of the world's biggest gambling market.

Costco to pay $7 special dividend on December 18

Thu, 29 Nov 2012 02:14:02 +1100

Retailer Costco Wholesale Corp on Wednesday said it will pay a special dividend worth some $3.0 billion to investors, sending cash to its shareholders ahead of a likely increase in the dividend tax.

Wall Street falls, hit by Reid's "fiscal cliff" comments

Wed, 28 Nov 2012 08:42:02 +1100

Stocks slid on Tuesday in a choppy session, losing ground in the last hour before the close after Senate Majority Leader Harry Reid expressed disappointment that there has been "little progress" in dealing with the "fiscal cliff.

Wall Street slips on cliff caution, but homebuilders shine

Wed, 28 Nov 2012 07:00:03 +1100

Stocks declined on Tuesday as wrangling continued in Washington over budget talks, while homebuilders' stocks outperformed the broader market after positive data.

Wall Street flat as caution reigns supreme

Wed, 28 Nov 2012 05:28:02 +1100

Stocks barely budged on Tuesday as wrangling continued in Washington over key budget talks, counterbalancing progress in easing Greece's debt burden and a slew of positive U.S. economic data.

Romney's hedge-fund backers plan to party on election night

Wed, 07 Nov 2012 03:42:02 +1100

There is one group of voters Mitt Romney should win in a landslide in Tuesday's U.S. presidential election: hedge fund managers.

Spanish casinos bet on rebirth through Eurovegas

Tue, 16 Oct 2012 03:42:03 +1100

A U.S. tycoon's plan for a massive "Eurovegas" near Madrid might look like a terrifying prospect for Spain's existing casinos, but the struggling local industry hopes to benefit from the big new competitor.

Spain's Aguirre, influential conservative, resigns

Tue, 18 Sep 2012 00:49:02 +1000

Madrid regional president Esperanza Aguirre, an influential Spanish politician and a leader of the conservative wing of the ruling centre-right People's Party , resigned on Monday in a surprise announcement.

How Sheldon Adelson Could Save $2.3B Under Romney Tax Plan

Wed, 12 Sep 2012 06:48:18 +1000

Over the weekend, Mitt Romney insisted his tax plan would not cut taxes on the rich. And yet, the Center for American Progress found it would lead to more than $2 billion in savings for the billionaire Sheldon Adelson. And that's not counting his heirs.

DOJ targets banks, others in new money laundering offensive

Sat, 01 Sep 2012 07:00:03 +1000

The Department of Justice is shifting its sights to a new offensive in combating money laundering: bringing criminal charges against banks and other financial institutions for weak compliance systems that fail to catch illicit money flows.

Department of Justice looks to next era of money-laundering cases

Sat, 01 Sep 2012 05:49:02 +1000

Exclusive: Sands' ties to Macau gambling figure draw scrutiny

Sat, 25 Aug 2012 09:35:04 +1000

Las Vegas Sands allowed a man identified by the U.S. Senate as an organized crime figure to move a $100,000 gambling credit from a Las Vegas casino to one of its Macau casinos, according to documents that emerged in the wake of a lawsuit filed by a former Sands employee.

Stock index futures signal mixed open

Mon, 06 Aug 2012 19:14:02 +1000

Stock index futures pointed to a mixed open on Wall Street on Monday, with futures for the S&P 500 up 0.17 percent, Dow Jones futures down 0.11 percent and Nasdaq 100 futures up 0.43 percent at 04.45 a.m. EDT.

Stock index futures jump after Draghi comments

Thu, 26 Jul 2012 22:21:02 +1000

Stock index futures jumped on Thursday after remarks by Europe's central bank chief about protecting the euro zone from collapse helped reassure a market already expecting the Federal Reserve to step up stimulus efforts.

Hong Kong shares eke out first gain in four days, China slips

Thu, 26 Jul 2012 21:32:57 +1000

Hong Kong shares eked out their first gain in four days on Thursday, as strength in defensives offset weakness for Sands China after its parent posted underwhelming second-quarter earnings, dragging the broader Macau gambling sector lower.

Stock index futures dip; raft of earnings due

Thu, 26 Jul 2012 19:28:03 +1000

Stock index futures pointed to a lower open on Wall Street on Thursday, with futures for the S&P 500 down 0.49 percent, Dow Jones futures down 0.32 percent and Nasdaq 100 futures down 0.53 percent at 05.07 a.m. EDT.

Asian Stock Market Advance On Easing Hopes

Thu, 26 Jul 2012 19:01:07 +1000

Asian stock markets advanced for the first time in five days on Thursday as disappointing U.S. housing data boosted hopes for further monetary stimulus from the Federal Reserve.

Top After-Market NYSE Movers (Terex, Trinity, Skechers, Inphi Corp, Ferro Corp, Ruby Tuesday, Las Vegas Sands, Renren)

Thu, 26 Jul 2012 15:32:56 +1000

The top after-market NYSE gainers Wednesday were Terex Corp, Trinity Industries, Skechers U.S.A, Thompson Creek Metals Company and Inphi Corp. The top after-market NYSE losers were Ferro Corp, Ruby Tuesday, Las Vegas Sands, Renren Inc and Newcastle Investment Corp.

Pre-Market Movers (American Express, BroadVision, Oracle, Infosys, Las Vegas Sands, Transocean)

Tue, 19 Jun 2012 21:21:16 +1000

American Express, BroadVision, Oracle Corp, Las Vegas Sands, Transocean, Infosys and Western Gas Partners are among the companies whose shares are moving in pre-market trading Tuesday.

Pre-Market Movers (Lincoln National, SINA Corp, Morgan Stanley, Bank of America, Baidu, Nokia, Royal Bank of Scotland)

Thu, 07 Jun 2012 21:24:08 +1000

Among the companies whose shares are moving in pre-market trading Thursday are: Lincoln National Corp, SINA Corp, Las Vegas Sands, Baidu.com, Bank of America, Royal Bank of Scotland, Morgan Stanley and Nokia Corp.

Wynn's Macau resort to cost $4 billion; shrugs off VIP slowdown fears

Tue, 05 Jun 2012 17:42:02 +1000

U.S. casino magnate Steve Wynn said on Tuesday that Wynn Macau Ltd's latest casino resort in the former Portuguese enclave would cost $4 billion, as the company bets on continued growth in the world's largest gambling destination.

Wynn Resorts Gets Gov't OK For Macau Cotai Casino

Thu, 03 May 2012 02:08:23 +1000

Wynn Resorts, Limited (Nasdaq: WYNN) received approval to begin breaking ground at its 51-acre casino sight on Macau's Cotai strip, an approval that has been in limbo since March, the company said Wednesday.

Galaxy Spending $2 Billion for New Phase of Macau Resort

Fri, 27 Apr 2012 05:47:35 +1000

Macau casino operator Galaxy Entertainment Group Ltd plans to invest HK$16 billion in the second phase of its latest resort in the world's largest gambling destination.

Asian operators give Vegas casino titans run for their money

Tue, 17 Apr 2012 17:00:03 +1000

Billionaire Sheldon Adelson, who became one of the world's richest men by creating a casino empire in Las Vegas and Macau, is doubling down on his bets in Asia, the hottest gambling market on the planet where his Singapore operation made $1 billion the first year it was opened.

Adelson Eyes $35B Spanish Las Vegas

Thu, 12 Apr 2012 01:20:09 +1000

Billionaire casino mogul Sheldon Adelson announced on Wednesday plans to open a casino strip in Spain, pushing for a $35 billion casino complex in either Barcelona or Madrid.

Sands opens Macau casino, eyes $35 billion Spain complex

Wed, 11 Apr 2012 23:35:03 +1000

Billionaire Sheldon Adelson said he plans to spend $35 billion on a mini-Las Vegas strip in Spain, where he is courting the country's two top urban areas, Barcelona and Madrid, with plans for a casino complex.