Nov

24

Cotai Strip might get new financing

Filed Under Macau, Macao, Las Vegas Sands, Cotai Strip® | Leave a Comment

Reuters is reporting that Goldman Sachs could be working on a $1 billion loan for Las Vegas Sands’ Cotai Strip, and the article indicates that sources speculate that the loan could be used for recently suspended sites 5 and 6. A $1 billion loan is a far cry from the $5 billion plus loan they had been previously hoping for, but you’ve got to start somewhere I suppose.  Read more

Oct

22

Cotai Strip condos for sale

Filed Under Macau, Macao, Las Vegas Sands, Real Estate, Four Season's Hotel Macao, Cotai Strip® | Leave a Comment

cotai strip real estate condos

Las Vegas Sands Corp. announced today that the government of the Special Administrative Region of Macao has approved the legal separation of the company’s Four Seasons apartment hotel tower from the other components of its Four Seasons parcel on the Cotai Strip®. The legal separation of the property will allow the company to transfer the apartment hotel building into a separate cooperative holding company and to sell cooperative interests in the tower in a manner similar to the way apartment units are sold in New York City and other international locations. In addition, the approval from the Macao government clears the way for the company to monetize the cash flow generated by The Shoppes at Four Seasons, its 200,000 square foot luxury retail mall, which is also located on the Four Seasons parcel. Read more

Oct

15

Cotai Strip shopping assets may be sold

Filed Under Macau, Macao, Las Vegas Sands, Shopping, Cotai Strip® | Leave a Comment

From Reuters:

Las Vegas Sands Corp might spin off billions of dollars of Macau retail assets into a property fund, but is under no pressure for a quick sale despite problems funding ambitious casino expansion, an executive said.

The company, which runs the giant Venetian Macao casino and is building more hotels and casinos in the territory, floated the idea of selling its shops into a listed property trust a couple of years ago.

But with stock markets tanking in the last year, hitting real estate investment trusts (REITs) hard, Las Vegas Sands is now considering packaging the property into a fund for institutional investors.

“It’s something we’ll look at, whether it’s a wholesale fund or a REIT,” David Sylvester, the company’s head of retail in Asia, told Reuters in an interview.  Read more

Aug

28

More Cotai Strips

Filed Under Las Vegas Sands, Cotai Strip® | Leave a Comment

Sheldon Adelson hopes to spend another $12 billion on a new Cotai Strip like development.  Read all about it at Global Casino BOOM.

Aug

25

LVS sets terms on Cotai Strip financing

Filed Under Macau, Macao, Cotai, Las Vegas Sands, Cotai Strip® | Leave a Comment

Bloomberg is reporting that LVS is closing on a loan to help fund its Cotai Strip hotel casino expansion.  The article reports that LVS is paying more then it had to pay for a loan it took out in 2006, which shouldnt be surprising considering the state of the credit markets.  Even if costs a little more this time around, LVS and its investors should be relieved that financing is in place to continue with the Cotai Strip expansion, which would explain why LVS’ stock was actually up today when the rest of the market was down about 2%.
From Bloomberg:  Read more

Aug

5

LVS 2nd quarter conference call

Filed Under Macau, Macao, Cotai, Las Vegas Sands, Cotai Strip® | Leave a Comment

Theres been a lot of volatility in LVS’ stock price over the past few months, so I couldnt wait til they held their conference call to discuss everything happening in Macao.  The financing of the Cotai Strip, Macau travel restrictions, plans for the parcels, it was all in the call.  I found a transcript of the call, but unfortunately Im only allowed to copy 400 words or I get sued.  So if you want to read it all, and I recommend that you do, click here.

Heres the intro:   Read more

Jul

8

Macao casino companies looking for billions

Filed Under Macau, Macao, Las Vegas Sands, SJM | Leave a Comment

The two Macao heavyweights, SJM and LVS, have been in the market looking for billions of dollars.  First, LVS is trying to secure a loan to help finance the remaining construction on its Cotai Strip® project.  This seems to be new news since I could only really find one article on it.  Second, everyone knows SJM has recently been talking to potential investors to try and pull off its IPO, and now it looks like it finally got done.  Unfortunately Read more

Apr

27

Cotai Strip® shopping

Filed Under Macau, Macao, Cotai, Las Vegas Sands, Shopping | Leave a Comment

cotai strip shopping1 down, 1 almost down, and three to go. According to IHT.com, LVS announced that it plans to open its second of five shopping malls on the Cotai Strip this July.

The upcoming mall will feature 100 brands across 200,000 plus square feet of space. The company also plans on opening an additional three shopping malls, and when all five shopping malls are complete, LVS’ Cotai Strip will have 1,200 stores across more than 3 million square feet. Read more

Mar

30

LVS wants to build more Cotai Strips®

Filed Under Cotai, Las Vegas Sands | 4 Comments

world.jpgIn his quest for global gaming domination, Sheldon Adelson discussed his desire to build more multi-billion dollar Cotai Strip® like casino destinations around the world, but with one caveat - it has to be on his terms of NO TAXES.

LVS’s argument to a potential hosting country would be that if LVS is risking an investment of $15-20 billion dollars, while creating hundreds of thousands of good paying jobs and bringing in millions of new tourists into the country, the arrangement would still be a big win-win for both parties.

What Mr. Adelson brings to the table - his success in Vegas, Macau and Singapore, plus global clout and billions - could be so compelling that I wouldnt be surprised if at least one country takes him up on his offer. Read more

Mar

1

Las Vegas Sands Annual Report Review

Filed Under Macau, Macao, Cotai, Las Vegas Sands, Wall Street | Leave a Comment

Macau Daily Times did a quick run through on some interesting points located in Las Vegas Sands recent annual report filing. One of the more interesting things that you’ll find tucked away in there is that LVS still doesnt have the land concessions approved for several of the Cotai Strip® sites that they have already started construction on. This is not new news to everyone though, as an astute analyst had picked up on this last year and wrote about it in his blog, ZachStocks.com.

From the 10-K annual report: Read more

Jan

7

Cotai Strip®?

Filed Under Macau, Macao, Cotai, Las Vegas Sands | 1 Comment

If you’re like me (and hopefully you’re not) then you’ve probably been a little perplexed as to why a trademark symbol always follows the use of the word “Cotai Strip” by Las Vegas Sands.

Until now, the only explanation I’ve been able to find is from Wikipedia’s “Cotai Strip” entry:

“Las Vegas Sands currently has a trademark application pending with the United States Patent and Trademark Office for the name “Cotai Strip”. However, the name Cotai Strip is used generically by the press, as well as Read more

Oct

7

IS LVS’s Macao Concession in Jeopardy?

Filed Under Cotai, Las Vegas Sands, Wall Street | 1 Comment

I am surprised this article from the Las Vegas Review Journal has not caught more people’s attention. Apparently LVS is caught up in a potentially ugly lawsuit where the juicy details are currently confidential. But, according to the article, LVS’s lawyers, “argued during a hearing in a case filed more than 18 months ago that releasing the sealed information could put Read more

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