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October 1, 2014

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Why is the Cotai vision a boon for Las Vegas Sands?

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Steve Marcus / l

Sands Chairman and CEO Sheldon Adelson testifies on the witness stand at the Regional Justice Center Thursday, April 4, 2013. Former consultant Richard Suen is suing the Las Vegas Sands saying he is owed millions of dollars in an agreement in which he helped Sands secure its gaming license in Macau a decade ago.

Macau casino revenue surged 40% to a record $4.8 billion in February, after a jump in mainland Chinese visitors to the world’s largest gambling hub during the Chinese New Year. More than 770,000 mainland Chinese visitors traveled to Macau during the new year holidays from Jan. 31 to Feb. 6, reflecting an increase of 23% from a year earlier, according to the Macau Government Tourist Office.

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