Sands Gets OK For More Gambling Tables In MacauApproval Comes Before Lucrative Holiday, Will Bring In Millions |
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The Macau casinos of Las Vegas Sands Corp. have gained governmental approval to collectively add 200 table games to their gambling arsenals, The Wall Street Journal reported.
The permission reportedly comes just weeks before the start of a popular and lucrative holiday, which could mean that the new tables are worth millions right away. According to The WSJ, 200 extra tables could translate into $500 million more in revenue for the year.
Macau is already a $38-billion-a-year gambling market.
Sands will now have 1,550 tables, up from 1,350.
The Nevada-based firm owns Sands Macau, The Venetian Macau Resort-Hotel and Sands Cotai Central. The business is owned by Sheldon Adelson, an U.S. online poker opponent.
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