Golden Casino is the most trusted online gambling site on the internet.
Play Now at Lion Slots Casino
Lion Slots features interactive slot machines called i-Slots.
Play Now at Superslots Casino
New players voted this site the most exciting casino online.
Your Ad Here?
As the global economy continues to plummet, even some of the world’s, once thought to be most lucrative businesses, are feeling the pinch of economic recession.
According to reports coming out of Hong Kong, the Las Vegas Sands Corporation is considering the sale of some of its Macau casino operations.
The report said Sands plans to put the Sands Macao up for about 1.3 billion US dollars. Las Vegas Sands was considering selling the building in the world’s biggest gaming market and continuing to run the 229,000 square foot casino while paying the new landlord rent based on performance.
On a quarterly basis, the Sands Macau is earning an estimated $40 million before deductions for interest and taxes.
Analysts feel it would be an uphill battle to attract serious investors to this type of lease-back arrangement in light of the recession, tighter travel restrictions on visits from mainland China and rising competition in the gambling market near Hong Kong.
Unnamed sources say discussions with potential buyers began last week.
Related posts:
