Tag: Las Vegas Sands
Las Vegas Sands prepared to spend $10B on Japan casino
Bloomberg – Las Vegas Sands Corp. (LVS), the world’s largest gambling company by market value, said it’s ready to invest $10 billion in Japan, projected to be Asia’s second-largest casino market. “We will spend whatever it takes,” billionaire Chairman and Chief Executive Officer Sheldon Adelson said at a media briefing in Tokyo. “We could pay all cash. We don’t have to, but we will borrow money in a typical mortgage-to-value ratio.” Sands is opening offices and hiring in Japan, said Adelson, who’s attending a conference on investing in Japan today. The company would also consider working with a local partner…
YouTube video shows details of Las Vegas Sands hacking
Las Vegas Review Journal – Someone claiming to be the hackers who knocked Las Vegas Sands Corp. off the Internet for nearly a week has posted an 11-minute video purporting to show stolen internal company information and taunting the international casino operator. The video was emailed to several media outlets and was posted to YouTube.com late Monday. However, YouTube removed the video from the website before 3 p.m. Tuesday, “as a violation of YouTube’s policy on depiction of harmful activities.” The video begins with images of news coverage of the hacking, which began on Feb. 11. A few minutes in,…
Philippines casino removes management led by former Las Vegas Sands executives
Las Vegas Review-Journal – A gaming management team headed by former executives of Las Vegas Sands Corp. was removed as operators of a $1.2 billion hotel-casino complex in the Philippines late Thursday. Owners of the Solaire Resort &Casino in Entertainment City along Manila Bay told the country’s stock exchange it terminated the services of Global Gaming Asset Management of Las Vegas because of a “material breach” of their agreement. Global Gaming is headed by former Las Vegas Sands President Bill Weidner and other ex-Las Vegas Sands officials. The initial phase of the development opened in April. In a statement, Bloomberry…
Las Vegas Sands Could Delay EuroVegas
Las Vegas Sands Corporation could delay development of a planned EuroVegas $22 billion resort complex in Spain. That is, unless the government lifts a ban on smoking inside casinos. This according to a wire service report. However, in a statement to Spanish media last week, the company said reports that the proposed development was not progressing were “inaccurate.” According to United Press International, Las Vegas Sands Chairman Sheldon Adelson said construction on EuroVegas in Madrid will not start unless Spanish Prime Minister Mariano Rajoy amends laws that ban smoking in most public places. Lifting the ban is opposed by Spanish…