LV Sands may spin off Chinese assets

Howard Stutz

May 15, 2009 - 4:56 am

Las Vegas Sands Corp. may be considering spinning off its Macau assets and creating a separate publicly traded company listed on the Hong Kong Stock Exchange.

According to a Dow Jones News Service report this morning, the casino operator has hired Goldman Sachs to manage the sale.

According to sources, the news service said the Venetian Macau, Sands Macau, Four Seasons Macau and the company’s proposed Cotai Strip projects would be separated from the company’s Las Vegas holdings. Las Vegas Sands is traded on the New York Stock Exchange under the symbol LVS.

The report said the plan is in the early stages.

The CurlVegas curling facility on Thursday, April 25, 2024, in Las Vegas. (Ellen Schmidt/Las Ve ...

Say hello to curling, the next competitive sport in Las Vegas

By Richard N. Velotta / RJ

April 28, 2024 - 9:47 am

The convergence of Olympic curling triumphs, a Canadian fan base and a nonprofit club have laid the groundwork for a new local facility.

MGM cyberattack again in the spotlight after lawsuit, broadcast

By Richard N. Velotta / RJ

April 21, 2024 - 8:00 am

While MGM’s lawsuit against the Federal Trade Commission and a “60 Minutes” story offered new details, there are still unanswered questions about last year’s cyberattack.

Drew O'Connell (dudeguydrew) and Jason Rivkin (JayRiv) play heads-up in the World Series of Pok ...

Online poker play may be on the verge of a comeback in Nevada

By Richard N. Velotta / RJ

April 14, 2024 - 8:30 am

Two companies, Z4Poker and MGM Interactive, ask regulators to extend the activation of their licenses a 14th time so that they can enter a lackluster market.

Next Las Vegas Strip property headed for big change: The Mirage

By Richard N. Velotta / RJ

April 8, 2024 - 7:13 pm

The transition of The Mirage to Hard Rock Las Vegas will generate nostalgic memories, but it’s part of the Las Vegas way of constantly evolving to what’s next.

The Strip in Las Vegas, including including the Palazzo, Wynn Las Vegas, Fontainebleau and the ...

Fontainebleau counterclaim against Wynn got nasty in a hurry

By Richard N. Velotta / RJ

March 24, 2024 - 8:05 am

A legal expert says Fontainebleau’s response to Wynn for poaching employees sounds more like a divorce proceeding than a business lawsuit.

Las Vegas is still a bargain destination, visitor survey says

By Richard N. Velotta / RJ

March 17, 2024 - 8:12 am

The typical Las Vegas visitor in 2023 was younger than in the past, spent more money, chose different activities over shows — and had a great time while here.

Nick Khin, right, a COO of Gaming for IGT, demonstrates how Mystery of the Lamp game is played ...

IGT’s big return to Nevada will boost state’s gaming manufacturing

By Richard N. Velotta / RJ

March 10, 2024 - 7:00 am

Gaming industry analysts applaud return of IGT to Nevada with $6.2 billion spinoff and merger with Everi Holdings Inc.

This undated illustration provided by Brightline West shows the Brightline West High Speed Rail ...

Before the LV-to LA rail project, maglev was planned

By Richard N. Velotta / RJ

March 3, 2024 - 8:23 am

Former Nevada Sen. Harry Reid — the same person for whom our airport is named — had a pivotal role in backing high-speed rail instead of an innovative maglev project.

Crowds of people and backed up traffic on the Strip are seen the day before Super Bowl LVIII Sa ...

Don’t discount how meaningful February’s extra day is to gaming

By Richard N. Velotta / RJ

February 26, 2024 - 10:25 am

One might think one extra day in the year doesn’t make much difference. But in gaming and tourism, it means an additional millions of dollars spent.

Travelers check their bags a Harry Reid International Airport on Monday, Feb. 12, 2024, a day a ...

Super Bowl success highlights Las Vegas’ transportation shortcomings

By Richard N. Velotta / RJ

February 18, 2024 - 7:00 am

By the time Las Vegas hosts its next Super Bowl, new infrastructure will help make transportation and accommodation better, but the need for another airport looms large.