{"id":37743,"date":"2016-07-26T13:29:53","date_gmt":"2016-07-26T20:29:53","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=37743"},"modified":"2016-07-26T13:29:53","modified_gmt":"2016-07-26T20:29:53","slug":"sheldon-adelson-upbeat-macau-mass-market-gamblers-return","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/sheldon-adelson-upbeat-macau-mass-market-gamblers-return\/","title":{"rendered":"Sheldon Adelson Upbeat on Macau as Mass Market Gamblers Return"},"content":{"rendered":"
\"Adelson
Macau may be entering its third year of decline but Sheldon Adelson is buoyed by the rise in mass market gamblers at Sands China properties in June. (Image: abcnews.go.com)<\/figcaption><\/figure>\n

LVS boss Sheldon Adelson is bullish about an upturn in Macau\u2019s fortunes. Speaking during the Sands China earnings call this week, the billionaire casino mogul said that after two straight years of monthly decline for the gaming hub, stabilization had arrived, evidenced by the fact that mass market gaming at Sands China properties rose for the first time in two years in June.<\/p>\n

\u201cI mentioned in January of last year that I believe we were seeing the first signs of stabilization in the Macau mass market,\u201d sad Adelson. \u201cOur mass revenue growth in June, despite the arrival of new competition on Cotai, represents an important data point supporting the ongoing stabilization of the Macau mass market.\u201d<\/p>\n

LVS<\/a> remains optimistic despite the fact that Sand\u2019s China\u2019s total revenues for the second quarter of 2016 declined 16.4 percent year-on-year to $1.48 billion. Meanwhile, Morgan Stanley has announced that Q2 2016 was Macau\u2019s \u201cworst quarter in the last five years,\u201d across the sector.<\/p>\n

Shares Rally<\/b><\/h2>\n

The VIP players that once accounted for a quarter of Macau\u2019s revenues remain conspicuous by their absence, spooked by Beijing\u2019s crackdown on conspicuous consumption and corrupt local government officials. But last month the mass market gamblers came back. And, LVS Chairman Rob Goldstein insisted there\u2019s a palpable change in the air.<\/p>\n

\n

\u201cSomething good happened in June,\u201d he said. \u201cThe gaming floors are busy, especially on weekends. Macau is morphing into the world\u2019s greatest mass market. Hopefully we\u2019ll see it for the rest of the summer.\u201d<\/strong><\/p>\n<\/blockquote>\n

LVS shares rallied in the wake of the conference call, climbing as much as 4.1 percent in subsequent trading. Analyst Sanford C. Bernstein & Co said today that Sands China\u2019s product offering is \u201cone of the best positioned to capitalize on Macau\u2019s paradigm shift\u201d towards mass market gamblers.<\/p>\n

Parisian on Track for September <\/b><\/h2>\n

Meanwhile, Adelson announced that LVS\u2019s new property on the Cotai Strip, the Parisian Macau, is \u201con track,\u201d and scheduled to open September 13th, less than a month after the new Wynn Macau is expected to open its doors.<\/p>\n

\u201cThe positioning of The Parisian Macau caters well to both the current Macao market conditions and the long term growth trends in Chinese outbound tourism,\u201d said Adelson.<\/p>\n

\u201cThe Parisian will be a themed premium destination where the aspirational appeal of its public spaces, attractions and amenities, combined with affordable hotel accommodation, will provide a complimentary offering to the all-suite hotel at The Venetian Macao.\u201d<\/p>\n

\u201cI’m extremely confident that with the opening of The Parisian, we will see growth in Macau<\/a>,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"

LVS boss Sheldon Adelson is bullish about an upturn in Macau\u2019s fortunes. Speaking during the Sands China earnings call this week, the billionaire casino mogul said that after two straight years of monthly decline for the gaming hub, stabilization had arrived, evidenced by the fact that mass market gaming at Sands China properties rose for […]<\/p>\n","protected":false},"author":42,"featured_media":37745,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,18],"tags":[],"acf":[],"yoast_head":"\nSheldon Adelson Upbeat on Macau as Mass Market Gamblers Return<\/title>\n<meta name=\"description\" content=\"LVS CEO Sheldon Adelson believes Macau has bottomed out and is set for growth\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sheldon Adelson Upbeat on Macau as Mass Market Gamblers Return\" \/>\n<meta property=\"og:description\" content=\"LVS CEO Sheldon Adelson believes Macau has bottomed out and is set for growth\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/sheldon-adelson-upbeat-macau-mass-market-gamblers-return\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2016-07-26T20:29:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/07\/GTY_sheldon_adelson_ll_130624_16x9_992.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"992\" \/>\n\t<meta property=\"og:image:height\" content=\"558\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/sheldon-adelson-upbeat-macau-mass-market-gamblers-return\/\",\"url\":\"https:\/\/www.casino.org\/news\/sheldon-adelson-upbeat-macau-mass-market-gamblers-return\/\",\"name\":\"Sheldon Adelson Upbeat on Macau as Mass Market Gamblers Return\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/sheldon-adelson-upbeat-macau-mass-market-gamblers-return\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/sheldon-adelson-upbeat-macau-mass-market-gamblers-return\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/07\/GTY_sheldon_adelson_ll_130624_16x9_992.jpg\",\"datePublished\":\"2016-07-26T20:29:53+00:00\",\"dateModified\":\"2016-07-26T20:29:53+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"LVS CEO Sheldon Adelson believes Macau has bottomed out and is set for growth\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/sheldon-adelson-upbeat-macau-mass-market-gamblers-return\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/sheldon-adelson-upbeat-macau-mass-market-gamblers-return\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/sheldon-adelson-upbeat-macau-mass-market-gamblers-return\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/07\/GTY_sheldon_adelson_ll_130624_16x9_992.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/07\/GTY_sheldon_adelson_ll_130624_16x9_992.jpg\",\"width\":992,\"height\":558,\"caption\":\"Macau may be entering its third year of decline but Sheldon Adelson is buoyed by the rise in mass market gamblers at Sands China properties in June. 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