mass players and non-gaming activities<\/a>.<\/p>\nExpansion Commitment<\/h2>\n
Macau is dealing with some gaming market turbulence this year, but LVS remains committed to the world’s largest gambling center. Wong noted Sands China recently had a soft opening for guestroom expansion at Four Seasons Macao. The company is planning $2.2 billion of non-gaming investments there.<\/p>\n
\u201cWe remain steadfast and I believe that Macao is the best market in the world with respect to the continued deployment of our capital,\u201d said LVS Chairman and CEO Sheldon Adelson on the company’s earnings conference call.<\/strong><\/p>\nAhead of Macau’s 2022 license renewal process, Sands and rival operators are looking to bolster non-gaming offerings to contribute to the SAR’s effort to diversify the local economy.<\/p>\n","protected":false},"excerpt":{"rendered":"
Sands China Ltd. president Wilfred Wong believes the gaming environment in Macau will be stable for the remainder of 2019, even as some operators fret about weakness in the VIP segment. In the third quarter, Las Vegas Sands Corp. (NYSE:LVS), parent company of the China unit, reported adjusted property earnings before interest, taxes, depreciation and […]<\/p>\n","protected":false},"author":46,"featured_media":119635,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,33810],"tags":[],"acf":[],"yoast_head":"\n
Sands China Exec Wong Expects Stability in Macau Through Year End<\/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