Chinese Officials Stops Casino License Approval In The Macau Enclave

Venetian MacauChinese officials stopped casino license approval in The Enclave of Macau. For the first quarter of this year Macau has $3.8 billion in gaming revenue compared to $1.2 billion from gamblers in Las Vegas, Nevada real estate. Last year Macau took $10.3 billion from gamblers.

Interesting Macau would do such a move based on their current revenue compared to Las Vegas gaming revenue.

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Las Vegas Sands Corp $2.4 Billion Venetian Macau Grand Opening Day

Venetian MacauLas Vegas Sands Corp. $2.4 billion Venetian Macau resort grand opening. The opening of this resort will more than double the hotel and casino capacity in China.

The expected result for building the Venetian is to change the travel from a day trip destination to a long term stay for all of Asia to experience.

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Las Vegas Sands Broke Ground on Marina Bay Sands Singapore Resort

Las Vegas SandsLas Vegas Sands Corporation last week broke ground on Marina Bay Sands in Singapore. Marina Bay Sands is a $3.6 billion real estate project.

Stockpiled sand was released Jan. 31 in Singapore after Indonesia banned sand last month for exports.

Indonesia, the main sand supplier, has banned exports of the material. Las Vegas Sands said transport costs of the sand for Singapore’s first casino might rise by a third.

The first casino resort in Singapore is scheduled to open in 2009.

Las Vegas Sands was awarded the first contract in May for casino gambling in 2005. A ban on casino gambling for decades has been reversed by Singapore to increase visitors to 17 million by 2015.

Middle class and millionaires are being courted by US casino operators in Asia.

There are 56 tour operators signed up with Las Vegas Sands Corp. to shuttle tourists to the resort when it opens.

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