\u201cUpon its completion, the Londoner will accommodate more overnight guests than the Venetian and the Parisian combined,\u201d said Adelson.<\/strong><\/p><\/blockquote>\nThe Sands is planning to spend $1.1 billion on their efforts to rebrand the Sands Cotai Central into the Londoner. The renovations are expected to be completed by 2020, just as Macau\u2019s gaming licenses begin to come up for renewal.<\/p>\n
While the Sands venue might experience some short term disruption because of the construction work, most analysts believe the upgrade and rebranding will ultimately pay off by becoming an attraction for tourists and mass market gamblers.<\/p>\n
Macau casinos have been experiencing growth for well over a year now, rebounding from an extended downswing caused mainly by anti-corruption efforts on the Chinese mainland. According to analysts at Morgan Stanley, gross gaming revenue at the city\u2019s resorts could reach as much as $53 billion by 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Las Vegas Sands Corp. announced that their net income rose 137.9 percent year-over-year in the fourth quarter of 2017, driving a full year of strong growth for the company. Overall, the firm\u2019s income was up 68 percent for the year, rising to about $2.81 billion compared to $1.67 in the prior year. In the […]<\/p>\n","protected":false},"author":42,"featured_media":68238,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
Las Vegas Sands Profits Soar Thanks to Macau Resurgence<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n