Las Vegas Sands has officially ruled out entering the regulated online gaming market, even through potential brand licensing agreements. Speaking at the Bernstein 42nd Annual Strategic Decisions Conference in New York, the president and chief executive officer of Las Vegas Sands, Patrick Dumont, confirmed that the corporation intends to keep its corporate focus entirely on integrated casino resorts and technological upgrades within its current properties. Dumont stated that online gaming is not something that the firm intends to pursue, affirming that the corporation will remain dedicated to geographic markets and physical products where it already maintains an established and dominant…

Thought we were past the dangers of Covid lock-downs? So did we! But now, casino operators like MGM, the Las Vegas Sands, and Wynn Resorts are learning the hard way that the Coronavirus can still hurt them… even from thousands of miles away. Casinos in Macau have been dark for several days now, shut down due to a new Covid outbreak. These American companies all have a lot invested in that market, and each could lose millions of dollars if things do not improve quickly. Already, the Las Vegas Sands has reported second quarter results which show that reduced visitors…

Despite multiple years and millions of dollars fighting online gambling, the Sands Corporation has stated that the company is “…determined to grow its leadership position” for digital gaming within the industry. The announcement comes as the company has hired Davis Catlin, who joins the company after spending the past fourteen years at an investment firm. Their ambition is to grow technologies in the business-to-business space of digital gaming. Despite online gaming being around for over two decades, the Sands stated that “Digital gaming and other related offerings are still very much in the early stages of development…”, and we hope…

It’s been less that two months since the Sands Corporation lost their leader, Sheldon Adelson. And now the company has made a major announcement about their future in Nevada: There is none! A deal has been reached which will allow Apollo Global Management and Vici Properties to buy the Sands Las Vegas properties for $6.25 billion. When completed, the Sands will no longer have a presence in Sin City… or Nevada, for that matter. The Las Vegas Sands Corporation will subsequently change it’s name to simply “Sands” as a result. Sands CEO Robert Goldstein said “The Venetian changed the face…

In an amazing turn of events, this week’s gambling news finds that we’re discussing Las Vegas Sands online gambling ambitions! The company has made a major change to their web gambling philosophy and is wasting no time plotting a new, digital course after the passing of Sheldon Adelson. We also cover sports betting news and the end of an Atlantic City landmark. Hello friends! And thanks so much for joining me on another edition of This Week in Gambling where our big story is coming out of Las Vegas! And it’s not only big… it’s unbelievable! In the years leading…

Shortly after the passing of Sheldon Adelson, we now learn that Las Vegas Sands profits fell nearly $2.2 billion last year, thanks in large part to the pandemic and diminishing tourism to Nevada. Room revenue fell almost 73% while food and beverage revenue was down 69%. Earnings from their conventions and retail shops fell 67%. Company revenue fell over 70% last year to just $3.6 billion, which the company said was a direct result of the Novel Coronavirus. Macau profits were the worst hit, where restrictions on travel held the Sands in check for most of the year and resulted…