Macau's two biggest gaming moguls Stanley Ho and Sheldon Adelson held a secret lunch in a private ballroom at the Venetian on tuesday. The bitter rivals, who in the past have exchanged strong accusations, had a 'social lunch with no particular business agenda', a Las Vegas Sands (LVS) source told macaubusiness.com. However we understand the two men had plenty to chew over as they sat down for the meal.
Austin - One of the country’s richest men said Wednesday that he would consider building a luxury casino complex in Dallas-Fort Worth if the Texas Legislature approves a measure allowing up to 12 destination casinos in the state’s urban centers.
Macau was the place where Las Vegas Sands was going to step out from the shadows of its rivals. Its bold strategy — to grab the biggest share of the Chinese enclave’s gaming market with an Asian version of the Las Vegas Strip — swamped the company with debt that has taken it to the brink of bankruptcy. Now, image problems are cropping up in Macau, where the company’s chief executive, Sheldon Adelson, had been hailed as a visionary.
Months of mostly behind-the-scenes feuding at Las Vegas Sands erupted into the open Monday with the gaming company announcing that President and Chief Operating Officer Bill Weidner was no longer with the company he has led for almost 14 years. Weidner, 63, had been feuding with Las Vegas Sands Chairman and CEO Sheldon Adelson over the company's falling fortunes since the fall.
(Reuters) - An apparent attempt to foment anti-American sentiment by prominent Chinese casino operator Stanley Ho could hurt Las Vegas Sands Corp's operations in Macau, its Chief Executive Sheldon Adelson told the Wall Street Journal in an interview. "You never know the effect his words could have," Adelson told the paper, referring to comments attributed to Ho in Chinese newspapers.
Jerusalem (Reuters) - The heads of a group seeking to build a multi-billion-dollar casino on the Las Vegas strip are turning to billionaire Sheldon Adelson for financial help, Israel's TheMarker financial news website said on Tuesday. Israeli businessmen Yitzhak Tshuva and Nochi Dankner plan to ask Adelson to become a partner in their project, it said. A spokeswoman for Dankner's IDB Development said Dankner and Tshuva are in New York...
The latest sign that Las Vegas bets are buckling under the tough economy? One of the strip's marquee casino operators is on the ropes. Las Vegas Sands Corp., the owner of the Venetian Hotel and Casino, has warned in a filing with the Securities and Exchange Commission that if it can't raise the money it needs to meet certain debt agreements, it could "raise a substantial doubt about our ability to continue as a going concern" -- or, in other words, to keep doing business.
New York (AP) -- Casino mogul Sheldon Adelson said Wednesday he is seeking to raise USD 2 billion in debt financing from Asian banks to complete work on expansion projects planned by Las Vegas Sands Corp. in the Chinese gambling enclave of Macau. Adelson disputed reports that that Las Vegas Sands, which operates the Venetian and Palazzo resorts in Las Vegas and the Sands Macao and the Venetian Macao in China...
Las Vegas Sands Corp. announced that Sheldon G. Adelson, its Chairman, Chief Executive Officer and principal stockholder, and his family, have completed an investment in the company of USD 475 million in convertible senior notes in a private transaction. "My family and I are pleased to make an additional investment in Las Vegas Sands Corp. as the company advances its development plans both domestically and around the globe," said Adelson.
The billionaire casino magnate Sheldon Adelson reportedly met with Indian trade and tourism ministers on his way to Macau for the opening of the Four Seasons Hotel. Macau and Singapore are not the final destinations for Las Vegas Sands in Asia, he said. “We would like to build a Cotai Strip in India,” he says. In Macau, Adelson told an Indian reporter, “You could have the equivalent of Las Vegas.
Las Vegas Sands Corp. Chairman Sheldon Adelson insisted his company would thrive despite worsening economic conditions as he marked the one-year anniversary Thursday of his USD 2.4 billion Venetian resort in this southern China gambling city. Since opening, the mega-casino resort, the biggest in the world, has had 24 million visitors and helped launch what Adelson envisions as a massive, concentrated resort area, the Cotai Strip, he's betting will become one of the world's top tourist destinations.
Las Vegas -- Billionaire Sheldon Adelson landed Chinese government support in his quest for a lucrative gaming franchise in Macao in 2001 after relaying assurances from a Republican Party boss that a congressional measure opposing Beijing's bid for the 2008 Olympics would "never see the light of day," according to court testimony in a civil suit here. The intelligence came out of a phone call between Adelson and then-U.S. Rep. and Majority Whip Tom DeLay (R-Texas).
