Sands China hedges its bets
It offers gaming and non-gaming options that cater to every market segment
IT IS just past 6am on a Sunday morning, and the sprawling Venetian casino in Macau is still a hive of activity.
Packs of punters, many of them from the mainland, are huddled at blackjack tables or at one of the several thousand slot machines inside the casino.
Some, it's safe to assume, probably haven't slept the entire night, as they hold out hope of striking that elusive jackpot.
If the latest numbers are any indication, the tiny Chinese city has rubber-stamped its reputation as the hottest gambling destination in the world today - and by some distance, too.
Last year, total gaming revenue from the six operators of China's only legal casinos soared 18.6 per cent to reach US$45.2 billion.
To put things in perspective, what Macau earned last year was about seven times higher than what Las Vegas man…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
First Reit reports 3.2% lower Q1 DPU of S$0.006 amid interest rate, forex headwinds
Vietnam holds first gold auction in 11 years to stabilise market
How Hudson Yards went from ghost town to office success story
Hot stock: Nanofilm jumps 13.1% amid heavy trading on improved Q1 results
Singapore banks lead market surge again on easing Middle East tensions; STI up 1%
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece