Las Vegas Sands

Sheldon Adelson, boss of Marina Bay Sands, dies at 87 - THE EDGE SINGAPORE

Obituary

Sheldon Adelson, boss of Marina Bay Sands, dies at 87

His net worth was about $33 billion, according to the Bloomberg Billionaires Index.
MBS hires law firm to probe US$1 bil in transfers - THE EDGE SINGAPORE

Company in the news

MBS hires law firm to probe US$1 bil in transfers

“MBS continues to work closely with its regulators to monitor MBS’s compliance with all legal obligations,” the casino said.

China Focus

China sends two messages with one Macau invitation

SINGAPORE (Nov 4): Macau is being pulled into dangerous crossfire. China has suggested the world’s largest gambling centre as a venue for US President Donald Trump and his Chinese counterpart Xi Jinping to sign an interim trade deal, Reuters reports. It

Global Markets

MGM opens new US$3.4 bil resort in Macau

HONG KONG (Feb 13): MGM Resorts International’s debut of its US$3.4 billion ($4.5 billion) property Tuesday is the latest bet on the world’s biggest casino hub, as licensing bids and China’s proposal to allow gambling on a nearby island cast uncerta

Broker's Calls

UOB stands pat on Genting Singapore amid ‘unexciting’ industry growth

SINGAPORE (July 31): UOB Kay Hian is keeping its “hold” call on Genting Singapore (GENS) with an unchanged target price of $1.15 on the back of expectations of an unexciting second half in 2017.

Results

Las Vegas Sands reports 37% earnings growth in 2Q, announces record quarter for MBS

SINGAPORE (July 27): Las Vegas Sands has announced earnings of US$576 million ($781 million) for the 2Q17 ended June, representing a 36.8% increase, or 73 US cent per diluted share, compared to US$421 million or 53 US cent per diluted share in the same qu
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