The Sands casino resort made an announcement on Monday that the Macau gaming authority has granted 150 gaming tables for the casino. The casino is worth $3 Billion and will be one of the major casino destinations in Macau. These gaming tables will help the casino to restore its process to generate revenue in the world’s biggest casino hub.
Earlier than this the Macau gaming Authorities granted 150 gaming tables to a newly opened $4 Billion Wynn palace casino property in the city. Many gambling expert had questioned this allocation that weather the government would allocate any table to the new casino or resort.
The sands Parisian resort is about to open on September 13, just after two weeks of Chinese gambling territory posted positive gambling revenue after two years.
The new casino is set to open on Sept 13, which would be featuring 100 new gaming tables. An additional 25 tables would be added to the casino in 2017, whereas further 25 will also be added to the casino inventory in 2018. The company made this announcement, when applying with the Hong Kong stock exchange.
Sands casino is one of the largest casino and resort operate in the world. The owner of the casino is Mr. Sheldon Adelson’s, who owns Sands Corp in Las Vegas. The company has several other hot properties related to casino and real estate.
Grant Govertsen, a union gaming analyst made his point regarding this table distribution to the resort and that is “anything more than zero’ is a positive sign for the Sands. The Parisian will definitely be on a safer side now, after being granted 150 gaming tables, he added.
You know that the Macau gaming market and their revenue has done good last month only after a consecutive 26 month declination.