the opening of a new luxury tower for the Four Seasons hotel in Cotai.<\/a><\/em><\/strong> The two projects are part of Las Vegas Sands’ US$2.2bn additional investment in the Macau market.<\/p>\n\n\n\nDespite Sands China reporting net losses for the third quarter of the year, it remains optimistic of a recovery.<\/p>\n\n\n\n
Sands CEO, Sheldon Adelson, said during the company’s results conference call: “In Macau, operating losses reduced sequentially over the second quarter. <\/p>\n\n\n\n
“The third-quarter results, however, are not representative of our current business trajectory, as the resumption of visa issuance across all provinces in China only commenced towards the end of September. The initial stages of recovery since then have been very encouraging,” <\/p>\n\n\n\n
Adelson indicated that The Londoner Macao and Four Seasons projects are on-going, with The Grand Suites at Four Seasons already complete, licensed, and welcoming customers in the premium mass segment.<\/p>\n\n\n\n
He added: “We will be introducing a variety of additional world class integrated resort products and amenities as we complete The Londoner Macao and other capital projects. <\/p>\n\n\n\n
“The Londoner Macao will include two new all-suite hotels, more than a dozen new restaurants, additional retail, and new MICE and entertainment facilities”.<\/p>\n","protected":false},"excerpt":{"rendered":"
Despite the impact of the pandemic, operator Las Vegas Sands expects to open the venue soon.<\/p>\n","protected":false},"author":2,"featured_media":11124,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Las Vegas Sands is progressing with its US$2.2bn investment in Macau, with The Londoner Macao's interiors slated for December completion and The Grand Suites at Four Seasons already operational and licensed. Despite Q3 net losses for Sands China, the company anticipates market recovery, driven by reduced operating losses and the recent resumption of visa issuance from China, targeting the premium mass gaming vertical.","focusai_entities":"Las Vegas Sands, Sands China, Sheldon Adelson, Four Seasons","focusai_location":"Macau, Cotai, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.95), investor_analyst (0.95), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Impact","query":"What is the projected GGR impact of The Londoner Macao and Grand Suites at Four Seasons on Sands China's Q4 and FY2021 performance, considering the premium mass gaming vertical focus?"},{"label":"Regulatory Compliance","query":"What specific B2C licensing and regulatory compliance frameworks were navigated for the operational launch of The Grand Suites at Four Seasons in Macau?"}],"footnotes":""},"categories":[160,28,16338],"tags":[12436,1642,257],"class_list":["post-11122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-casino-news","category-east-asia-news","tag-casinos","tag-las-vegas-sands","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=11122"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11122\/revisions"}],"predecessor-version":[{"id":11136,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11122\/revisions\/11136"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/11124"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=11122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=11122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=11122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}