An ominous new message from Las Vegas Sands says the parent company of the Venetian and Palazzo will continue to pay its employees through at least October 31 as the coronavirus pandemic continues and gaming revenue slumps.
Executive has steered company through pandemic as acting chief
A “large majority” of the employees working in MGM Resorts International’s entertainment and sports division is likely to be permanently laid off at the end of next month because of coronavirus closures halting most entertainment operations.
Macau’s Secretary for Economy and Finance, Lei Wai Nong who oversees the city’s casino industry, on Wednesday urged the public to be “patient” about the return of large-scale tourism.
The current credit profile of Australia-based casino games supplier Aristocrat Leisure Ltd reflects its earnings stability, though Covid-19 remains a drag on its land-based gaming business,
On Saturday, July 25, a resort guest won $320,000 with a $200 2-coin bet on Pinball in the High Limit Slots room at The Cosmopolitan of Las Vegas
As for the cost and timeframe: we will try to get it done in about 18 months to 2 years and will invest around $20 million.
The Hong Kong government has extended to September 7 its deadline for the end of a 14-day quarantine rule for arrivals from Macau, mainland China and Taiwan. The previous deadline for expiry of such a quarantine rule was August 7.
Las Vegas Sands Chairman and CEO Sheldon Adelson offered a more candid explanation of why his company pulled out of the Japan IR race in May, citing “negative regulations” as the key factor.
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