{"id":16450,"date":"2015-07-22T13:08:54","date_gmt":"2015-07-22T21:08:54","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=16450"},"modified":"2015-07-22T13:27:46","modified_gmt":"2015-07-22T21:27:46","slug":"sands-hit-hard-no-toilet-paper-for-you","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/sands-hit-hard-no-toilet-paper-for-you\/","title":{"rendered":"Sands hit hard; No toilet paper for you!"},"content":{"rendered":"

Macao<\/strong>‘s recession has affected Las Vegas Sands<\/strong>‘ most recent quarterly results and the news isn’t good. You know things are bad \"Sands<\/a>when Sands Bethlehem<\/strong> ($137.5 million, +9%) is the lone bright spot. At least LVS had only mildly adverse news on the Strip, where Venelazzo<\/strong> ($346 million) was down 2%. But the numbers from Macao were varying degrees of dire. Even in Singapore<\/strong>, things weren’t so good, with Marina Bay Sands<\/strong> ($713 million) reporting an 11% dip. Getting back to China<\/strong>, hardest hit were Venetian Macao<\/strong> ($739.5 million) down 28% and Sands Cotai Central<\/strong> ($554 million) falling 29%.<\/p>\n

Sands Macao<\/strong> \u00a0($242 million) also had a rough quarter, off 23%, but Four Seasons Macao<\/strong> provided a relative bright spot, down 11% and bringing in $204 million. Sands’ predominant exposure to Macao means that when, say, Jim Murren<\/strong> gets wet Sheldon Adelson<\/strong> is drenched.<\/p>\n

* Judge Benjamin Goldgar<\/strong> has ruled that fraudulent-conveyance lawsuits against Caesars Entertainment<\/strong> may proceed<\/a>. The bottom line is that it is almost inevitable now<\/a> that the parent company will join Caesars Entertainment Operating Co<\/strong>. in bankruptcy. The news sparked a big selloff<\/a> on Wall Street<\/strong>. The company has already racked up a $47 million legal bill in its Chapter 11 proceeding and it doesn’t get cheaper from this point.<\/p>\n

* Gov. Mike Pence<\/strong>‘s anti-gambling sentiments are making life miserable for euchre-playing senior citizens who are vying prizes as humble as a package of toilet paper<\/a>. It’s penny-ante competition but, by golly, the Indiana Gaming Commission<\/strong> is going to put a stop to it. In a similar story, a Florida<\/strong> law aimed at cracking down on gray-market Internet casinos was so sloppily drafted<\/a> that Walt Disney World<\/strong> had to remove all its claw machines. Seriously, does anyone think that Disney World is a hotbed of illegal wagering?<\/p>\n","protected":false},"excerpt":{"rendered":"

Macao‘s recession has affected Las Vegas Sands‘ most recent quarterly results and the news isn’t good. You know things are bad when Sands Bethlehem ($137.5 million, +9%) is the lone bright spot. At least LVS had only mildly adverse news … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[36,7,68,62,95,25,12,108,9,38],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/16450"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=16450"}],"version-history":[{"count":5,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/16450\/revisions"}],"predecessor-version":[{"id":16455,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/16450\/revisions\/16455"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=16450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=16450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=16450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}