Las Vegas Sands Reports: Macau Is Like Printing Money

Comments

August 2, 2006 11:09 PM Posted by John

According to that article, I guess Steve can't call Sands Macau the "box of baccarat". Oh well, he'll just have to call it the "elongated rectangle of baccarat". There is now way, even with its massively expanded gaming areas, that the Sands will be able to compare to Wynn Macau. This may be early forecasting, but due to the massive amount of buzz that Wynn is generating, Wynn will probably pull the same trick that the Sands pulled in its first year of operation (making a massive return on investment).

Also, it finally looks like the lack of construction quality, massive amounts of high density planning, have finally added up to a loss in revenue. I guess we'll just have to wait and see, though, if Palazzo might be able to raise a bit of revenue.

August 3, 2006 11:45 AM Posted by Mike P.

No doubt Hunter and detroit are on this, but MGM is reporting results today too. Here's a link to their press release:

http://phx.corporate-ir.net/phoenix.zhtml?c=101502&p=irol-newsArticle&t=Regular&id=891814&

I wonder if gas prices are finally starting to have an impact on strip hotels. We got a great deal on a true suite at the Venetian a few weeks ago, which haven't been available at prices we're willing to pay for the last three years. Later in the trip we moved over to Wynn and were upgraded from the parlor suite we'd booked to a salon suite. No $20 tricks, and they didn't do it for our massive gambling action either.

Mike P.

August 3, 2006 8:00 PM Posted by Brian Fey

I guess Venetian and the rest of Vegas just still don't get it. The size of your casino, is pretty irrelevant. Steve has proved this over, and over, and over. Casino size means very little. I think Sand's is getting ready to have their ass handed to them, at least until Venetian opens. But nothing last forever, I think Wynn's next venture in Macau, will be much larger and more costly than this one.

August 6, 2006 7:07 PM Posted by bert

Of course we are all looking forward to the Macau opening on September 5th. What is interesting though that Wynn Macau is directly opposite The Casino Lisboa run by Stanley Ho. He did change his entry door, and I have a picture to show it, so that he can welcome his Chinese punters back to the Lisboa.

Let's face Macau is 95% Chinese, they feel comfortable at the Lisboa, yes Sands Macau is making money and had to make changes to suit the Chinese way of gambling. But it is not as close to the Lisboa as Wynn Macau is! Alos in Macau casino's there is no free drinks or lunch, its all about grabbing the money, therefore higher profits as Sands Macau has shown. But how big is the ricebowl, that's what remains to be seen!

Stanley Ho last September famously vowed �We are Chinese and will not be disgraced,� �We will not lose to the intruders.�

Right now he is refurbishing and building six of his casino's and let's face it, the good grand ol' Casino Lisboa still rakes in US$8 million a day from high rollers alone.

So the war has began!

August 8, 2006 7:51 AM Posted by detroit1051