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...More recently Apollo acquired the operations of Las Vegas Sands marquee resort and casino The Venetian for $2.25bn, the Great Canadian Gaming for $2.5bn and the Italian sports-betting group Gamenet....
...The Las Vegas Sands said in October it would consider offloading its Vegas properties if the price was right, Bloomberg reported....
...Having missed out on licences in fast-growing Macau that allowed its US peers such as Wynn and Las Vegas Sands to weather the deep slump in 2009-10 on the Las Vegas Strip, Caesars’ operating subsidiary ultimately...
...Having missed out on licenses in fast-growing Macau that allowed its US peers such as Wynn and Las Vegas Sands to weather the deep slump in 2009-2010 on the Las Vegas Strip, Caesars’ operating subsidiary...
...Macau casino operators jumped after JPMorgan upgraded gaming stocks in the Chinese territory....
...Galaxy Entertainment fell as much as 2 per cent and Sands China was down as much as 1.6 per cent....
...Caesars failed to secure a gaming licence in Macau and could only watch as rival companies, such as Las Vegas Sands and Wynn Resorts, capitalised on a market which has grown larger than Las Vegas....
...Carlo Santarelli, gaming analyst at Deutsche Banks said, “I’m not seeing anything fundamental out of Macau to make me believe there is anything changing in the VIP....
...Las Vegas Sands, controlled by tycoon Sheldon Adelson, is launching a US$3.35bn IPO in Hong Kong for its Macao business. Trading is scheduled to begin on November 30....
...A casino will be run by Melco PBL, one of Macao’s six licensed gaming companies....
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