Sheldon Adelson had recently resumed cancer treatment and was taking a leave of absence from his roles as chairman and chief executive officer of both Las Vegas Sands and Sands China.
Global integrated resort developer Las Vegas Sands and Beckham Ventures today announced a partnership which will see one of the world’s most iconic men, David Beckham, join forces with LVS’s powerful integrated resort properties in Macao and Singapore. “We have billions of dollars invested in our own global, iconic brands and we clearly understand the importance of growing and sustaining those brands over time.”
Sands China has confirmed the closing of a $1.75 billion financing deal, with the funds to be used to complete construction of the residential section of Coati Strip. Phase one of the project – which includes offerings from Shangri-La, Traders and Sheraton hotels – is scheduled to open in the third quarter of 2011.
Las Vegas Sands Corp. says recent rumors of the company’s supposed interest in selling its Sands Casino Resort Bethlehem property, or indefinitely delaying the completion of the hotel and other components of the development, are unfounded.
Grand Opening Celebration, Including the Unveiling of the Extraordinary Sands SkyPark, to Follow on June 23
Casino operator Las Vegas Sands Corp. has announced increased losses for Q3 as gambling markets continued to struggle and the company pressed ahead on developing a resort in Singapore. The company made a loss of $123m (£74m) during the period, almost four times the $32.2m loss it made a year earlier.