• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Wednesday 2 July 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Sands China “no chance” of being overlooked for new Macau casino concession: Goldstein

Ben Blaschke by Ben Blaschke
Thu 21 Oct 2021 at 11:10
VIP Baccarat falls below 50% of Macau GGR contribution in 2Q19 as mass continues to rise
104
SHARES
2.6k
VIEWS
Print Friendly, PDF & Email

Las Vegas Sands Chairman and CEO Rob Goldstein believes there is “no chance” the company’s Macau subsidiary, Sands China, will be overlooked for a new casino concession when the upcoming re-tender process is complete.

Investor concerns over Macau license re-tendering and proposed revisions to the SAR’s gaming law were the main topics of conversation during LVS’s 3Q21 earnings call on Thursday (Asia time), although Goldstein remained steadfast in his confidence as to where Sands China is placed. He also confirmed the company has already submitted to the government its responses to those proposed gaming law revisions.

Asked if he was worried about the prospect of missing out on a new gaming concession once Sands China’s current license expires in June 2022, Goldstein replied, “I see no chance of that whatsoever.

“The truth is we’ve been doing this for a couple of decades, we’ve got an unparalleled track record. The whole Cotai development was … one guy did that, Sheldon [Adelson]. One guy put US$15 billion of gaming and non-gaming assets, one company made almost US$4 billion in EBITDA and I think we’ve been stellar with our employees, so I remain beyond confident that we will be operating in Macau. I don’t think there is any chance whatsoever that we wouldn’t be.

“We’re very proud of our track record, our development, our investment but I think the government has recognized that we’ve been awfully good licensees and partners and friends of China and Macau, so no, I don’t believe that’s a possibility.”

LVS also downplayed concerns over particular revisions contained within the government’s updated gaming law, specifically a proposal to introduce limitations to the distribution of dividends by casino concessionaires to their shareholders. The dividend proposal has been described as having no parallel within Macau’s legal framework.

LVS President and COO Patrick Dumont said he was confident that “what will result from this process will be a good path forward. We’re very confident about the future.

“We don’t have those concerns and we’re eager to invest in Macau,” he said. “We assume the process will be fair and equal so we’re not that concerned about that issue at all.”

Goldstein added, “I have faith in the process. They’ve always treated us fairly and we’ve responded with the largest investment in any gaming market in the world, so we remain believers. We await the government’s advice and direction. We’ve submitted our responses but looking at our history and success will be instructive for our business in Macau.”

RelatedPosts

Hong Kong to launch “Southbound Travel for Guangdong Vehicles” scheme, no immediate plans for Macau

Hong Kong to launch “Southbound Travel for Guangdong Vehicles” scheme, no immediate plans for Macau

Wed 2 Jul 2025 at 18:10
Team Spirit

IAG announces Light & Wonder, Angel and Aristocrat Gaming as sponsors of Macau After Dark at Vasco – Bar & Lounge on Monday 7 July

Wed 2 Jul 2025 at 15:33
Macau Legend says no concerns over ability to continue after reaching agreement with lenders to defer HK$2.1 billion in looming repayments

Macau Legend says no concerns over ability to continue after reaching agreement with lenders to defer HK$2.1 billion in looming repayments

Wed 2 Jul 2025 at 06:19
Macau GGR comes in at MOP$18.9 billion in April, up 1.7% year-on-year

JP Morgan: Macau GGR surge seemingly sparked by direct VIP, ultra-premium mass gaming customers

Tue 1 Jul 2025 at 18:15
Load More
Tags: concessionairesDividendsLas Vegas Sandslicense re-tenderingMacauPatrick DumontRobert GoldsteinSands China
Share42Share7
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

South Korea’s Paradise reports record drop at Paradise City but low hold hits group’s bottom line

Korea’s Paradise Co keeps rising through 2025 as casino revenues exceed US$60 million in June

by Newsdesk
Wed 2 Jul 2025 at 19:19

Leading Korean foreigner-only casino operator Paradise Co continued its recent surge in June as casino revenues across its properties reached KRW82.0 billion (US$60.3 million) – a slight 0.4% higher than in May but 41.0% higher than the same month last...

Hong Kong to launch “Southbound Travel for Guangdong Vehicles” scheme, no immediate plans for Macau

Hong Kong to launch “Southbound Travel for Guangdong Vehicles” scheme, no immediate plans for Macau

by Pierce Chan
Wed 2 Jul 2025 at 18:10

The Hong Kong government has unveiled plans to launch “Southbound Travel for Guangdong Vehicles” in November, allowing vehicles from Guangdong Province to enter Hong Kong. However, there are currently no definitive plans to implement a similar scheme allowing vehicles from...

APAC-facing gaming companies to see 70% aggregated EBITDA decline in 2020: Moody’s

The APAC iGaming Boom: Key trends and strategies in 2025

by Rose Power
Wed 2 Jul 2025 at 15:37

The APAC iGaming market is bursting with opportunity, and success in this rapidly growing region hinges on exceptional performance and a deep understanding of its unique landscape, enabling operators to tailor strategies that meet the region’s distinctive demands, securing a...

Team Spirit

IAG announces Light & Wonder, Angel and Aristocrat Gaming as sponsors of Macau After Dark at Vasco – Bar & Lounge on Monday 7 July

by Ben Blaschke
Wed 2 Jul 2025 at 15:33

Inside Asian Gaming is pleased to announce global gaming suppliers Light & Wonder as Platinum Sponsor and Angel and Aristocrat Gaming as Gold Sponsors of the upcoming edition of Macau After Dark, MAD 30, to be held on the evening of Monday 7 July...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語