Gaming analysts have noted that in order for Macau casino operators to succeed they must stay on the good side of government administrators.
Apparently, Sheldon Adelson is well-aware of that requirement. On Monday his Las Vegas Sands Corp. (LVS) was granted approval by gaming regulators to add 200 gaming tables to its casinos.
In a heavily-constrained operating environment, adding 200 gaming tables was considered a significant operating benefit.
David Bain of Sterne Agee was quick to note the gaming expansion gives Las Vegas Sands a competitive advantage over Wynn Resorts Ltd. (WYNN) and MGM Resorts International (MGM).
In a clients’ note, he wrote, “Whereas others are capacity constrained, Sands can utilize cash rooms – as opposed to holding nearly all their rooms for comps/VIP like other operator facilities – to drive captive traffic and, thus, gaming volume and hold rates.”
It was estimated the additional table games will give Sands 27 percent of the total number of Macau gaming tables.
Ray Poirier is the longtime executive editor at GamingToday.
Contact Ray at [email protected].