{"id":23756,"date":"2021-10-21T10:37:01","date_gmt":"2021-10-21T13:37:01","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=23756"},"modified":"2026-04-23T14:34:16","modified_gmt":"2026-04-23T17:34:16","slug":"las-vegas-sands-ceo-expects-singapore-casino-market-to-recover-in-2022","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/las-vegas-sands-ceo-expects-singapore-casino-market-to-recover-in-2022","title":{"rendered":"Las Vegas Sands CEO expects Singapore casino market to recover in 2022"},"content":{"rendered":"\n<p>Robert Goldstein, Las Vegas Sands&#8217; CEO, believes the market is likely to recover in 2022 thanks to a high Covid-19 vaccination rate and the opening of borders.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Singapore.- During a third-quarter results presentation,\u00a0<strong>Robert Goldstein, chairman and chief executive of Las Vegas Sands Corp<\/strong>, said he believed the Singapore casino market would recover next year. He said <strong>the recovery will begin in 2022<\/strong>, &#8220;when we get back to US$1.7bn and maybe beyond that in EBITDA.&#8221;<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/singapore-to-require-vaccinations-to-enter-casinos\">Casino operators<\/a>\u00a0in Singapore <strong>require visitors to be fully vaccinated\u00a0<\/strong>or to show results of a negative Covid-19 test to enter. <a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/singapore-to-ease-travel-restrictions-for-some-inbound-travellers\">Authorities<\/a>\u00a0in Singapore have recently announced\u00a0<strong>a shorter 10-day quarantine for travellers\u00a0<\/strong>coming from a list of \u201cCategory 3\u201d countries that includes Austria, Belgium, Bulgaria, Croatia, Switzerland, the UK and the US.<\/p>\n\n\n\n<p>Goldstein also referred to Macau\u2019s current casino licences that are\u00a0<strong>due to expire in June 2022\u00a0<\/strong>and said he is confident Macau\u2019s gaming concessions will be extended.<\/p>\n\n\n\n<p>He said: &#8220;I don\u2019t think there\u2019s any chance whatsoever that we wouldn\u2019t be. I\u2019m not saying that rhetorically.&#8221;<\/p>\n\n\n\n<p>According to local media reports,<strong>&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-likely-to-end-sub-concessions-system-for-casino-operators\" rel=\"noreferrer noopener\">authorities in Macau want to end the current sub-concession system<\/a>&nbsp;that led to the creation of three additional Macau casino licences.<\/p>\n\n\n\n<p>The government also wants<strong>&nbsp;to increase the oversight of gaming concessionaires and junket operations<\/strong>, but it will maintain at least six gaming concessions.&nbsp;<strong>Representatives from Macau\u2019s casino operators<\/strong>&nbsp;have attended&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/casino-operators-request-more-info-on-macau-gaming-law-changes\" rel=\"noreferrer noopener\">a public consultation session with authorities<\/a>&nbsp;and asked for more information on the government\u2019s proposed changes.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Robert Goldstein, Las Vegas Sands&#8217; CEO, believes the market is likely to recover in 2022 thanks to a high Covid-19 vaccination rate and the opening of borders.<\/p>\n","protected":false},"author":176,"featured_media":23787,"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 CEO Robert Goldstein projects a significant recovery for the Singapore casino market in 2022, anticipating EBITDA exceeding US$1.7 billion, driven by high vaccination rates and eased travel restrictions. Concurrently, Goldstein expressed strong confidence in the extension of Macau's gaming concessions beyond June 2022, despite ongoing public consultations where authorities propose ending the sub-concession system and increasing oversight of concessionaires and junket operations.","focusai_entities":"Robert Goldstein, Las Vegas Sands Corp, Macau authorities, Singapore authorities","focusai_location":"Singapore, Macau, US, Austria, Belgium, Bulgaria, Croatia, Switzerland, UK","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Macau Concession Impact","query":"How might the proposed termination of Macau's sub-concession system and increased oversight of junket operations impact the competitive landscape and operational profitability for existing concessionaires beyond 2022?"},{"label":"Singapore Recovery Drivers","query":"What specific policy levers or market conditions, beyond vaccination rates and border openings, are critical for Singapore to achieve and sustain the projected US$1.7 billion EBITDA recovery in its integrated resort sector?"}],"footnotes":""},"categories":[157,158,16333],"tags":[23907],"class_list":["post-23756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-slider-home","category-south-east-asia-news","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23756","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=23756"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23756\/revisions"}],"predecessor-version":[{"id":23782,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23756\/revisions\/23782"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/23787"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=23756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=23756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=23756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}