Page 92 - Cotai News Today

Angela Leong On Kei (pictured), an executive director and co-chairman of Macau casino operator SJM Holdings Ltd, has pledged to take US$36-million worth of the nearly-US$1 billion in U.S.-dollar-denominated senior notes issued by the firm on January 27. The information, lodged with the Hong Kong bourse, means Ms Leong – fourth consort of the group’s late founder, Stanley Ho Hung Sun, and mother of his youngest children – has the largest allocation of the notes among those interests declar...

Sheldon Adelson died and left the reins of Las Vegas Sands in the hands of his second-in-command, Rob Goldstein. Goldstein inherits the reins, but not the stock and ownership control of the company. Adelson’s wife, Miriam, gets the stock. In time, Miriam may be able to exercise some control over the company, but not until she is licensed in Nevada and receives approval from Macau and Singapore. Upon Adelson’s death, Goldstein reaffirmed his support of Adelson’s values, goals, and agenda. A...

Macau casino gross gaming revenue (GGR) rose by 2.6 percent sequentially in January, and was down 63.7 percent from the prior-year period. Such GGR was just above MOP8.02 billion (US$1.0 billion), according to data issued on Monday by the city’s casino regulator, the Gaming Inspection and Coordination Bureau, a body also known as DICJ. The year 2020 closed with December GGR down 65.8 percent from a year earlier – that year’s lowest monthly rate of year-on-year decline since Jan...

Wynn Resorts Named To FORTUNE Magazines 2021 Worlds Most Admired Companies List Company Ranks Top Five For Hotels, Casino And Resort Category, Plus Top Marks For Quality Of Product/Services News provided by Share this article LAS VEGAS, Feb. 1, 2021 /PRNewswire/ -- Wynn Resorts (Nasdaq: WYNN) today was again honored on FORTUNE Magazines 2021 Worlds Most Admired Companies list in the hotel, casino and resort category. Wynn Resorts improved upon previous ratings to secure a place in the top five...

American operator’s new boss has reportedly detailed that his firm could be obliged to spend up to $10 billion in order to keep its Macau casino concession.

. It was the first quarterly earnings report since the death on January 11, of the parent group’s founding chairman and chief executive, Sheldon Adelson. The newly-confirmed chairman and CEO, Robert Goldstein, said in prepared remarks, issued with the latest results, that the weeks since, had been “difficult”, but that the group’s operating strategy – “investing aggressively to build iconic resorts” remained “firmly in place”. Sands China posted a net loss of US$246 million in...

Newsroom Howard Stutz, CDC Gaming Reports · January 28, 2021 at 8:48 am It didn’t take long for new Las Vegas Sands Chairman and CEO Rob Goldstein to put his stamp on the casino conglomerate. He told analysts Wednesday Las Vegas Sands was exploring the potential of entering the sports betting, digital, and iGaming marketplace – an area of the gaming industry in which his predecessor, the late Sheldon Adelson, spent millions of dollars in an effort to quash. Goldstein said Adelson had eth...

Press release content from Globe Newswire. The AP news staff was not involved in its creation. Studio City Phase 2 shortlisted for BREEAM Awards 2021 Melco Resorts & Entertainment LimitedJanuary 28, 2021 GMT MACAU, Jan. 28, 2021 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment announces Studio City Phase 2 has been shortlisted for the ‘Regional Award, Asia’ at the BREEAM Awards 2021. The nomination highlights the design and implementation of the integrated resort expansion project’s targ...

Covid impact leads Las Vegas Sands to $2.18bn loss in 2020 28th January 2021 | By Daniel OBoyle Las Vegas Sands made a loss of more than $2bn with revenue falling 73.7% to $3.61bn for 2020, as new chief executive Robert Goldstein announced the results of a year severely impacted by the novel coronavirus (Covid-19). Casinos were still the largest contributor to revenue, but revenue from this segment was down 65.9% year-on-year to $2.27bn. Room revenue fell 72.5% to $498m while food and beverage ...

The number of Michelin-starred restaurants based at Macau casino resorts has declined in the 2021 edition of the “Michelin Guide Hong Kong Macau”. The new edition of the guide was announced on Wednesday. The new rundown features 18 restaurants in Macau, down from 20 in the previous year. All the still-listed eateries are located inside a casino hotel or resort. Macau had again three restaurants awarded three stars. It is Michelin’s top accolade for food that it considers “exceptional cu...