Macau only approving 250 table game licenses in 2013, Macau Business says A Macau official said the government will only approve a total of 250 new live gaming table licenses this year, with 50 to be allocated to Galaxy Entertainment and the other 200 already granted to Sands China, which is a majority-owned subsidiary of Las Vegas Sands (LVS), reported Macau Business. Reference Link
News For LVS From The Last 14 Days
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Macau estimates lowered at Morgan Stanle Morgan Stanley lowered Macau 2014 growth estimates to 6% from 12% and 2015 to 11% from 12.5% due to expectations for VIP trends to continue to deteriorate given the China macro impact and notes slowing mass growth rates.
Las Vegas Sands receives construction permit for Parisian Macao Las Vegas Sands announced that the company has received the government permit needed for construction on the $2.7B Parisian Macao to resume this week. The company said additional permits will be necessary as the development continues, but after undergoing a brief work stoppage, this approval enables work on the critical podium structure to restart immediately.