Las Vegas Sands Corp reportedly increased its ownership stake in Sands China above 75.5%, as it continued its Macau investment strategy. The available report text does not specify the size or timing of the increase.
The higher ownership stake changes Las Vegas Sands’ position in its Macau gaming business.
Quarter ended 30 September 2026
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Texas election results could alter the prospects for casino and sports betting legislation, but legalization still requires substantial bipartisan support to reach voters. The report says incoming lieutenant governor Vikki Goodwin supports letting voters decide, while incoming governor Gina Hinojosa voted against gambling proposals in 2023.
Vikki Goodwin, a Democrat, upset longtime Lt. Gov. Dan Patrick on Tuesday, a result the report calls particularly significant. Patrick blocked multiple efforts to broaden gambling in Texas, pointing to moral and social grounds. The report says Patrick's loss may renew hopes among gambling supporters about legalization.
Texas lieutenant governor-elect Vikki Goodwin said she would support legislation allowing casino resorts if voters in the state wanted them. Her comments come after she defeated incumbent Dan Patrick in the election; the article also reports that Texas governor-elect Gina Hinojosa has not stated a similarly explicit position on casinos.
Goodwin told Casino.org that she would embrace legislation allowing casino resorts in Texas. Goodwin defeated Patrick on Election Day, becoming the first Democratic lieutenant governor of Texas in nearly three decades.
Marina Bay Sands reported adjusted property EBITDA of $590 million for Q3 2026, down 20.6% from $743 million a year earlier. Its parent, Las Vegas Sands, said resort revenue fell 9.9% to $1.29 billion as casino revenue dropped 14.9% to $916 million; lower table-game win rates weighed on results despite higher mass-table activity and hotel rates.
Sands China reported revenue of $1.93bn for July to September 2026, up 1.4% year on year, while its mass gaming market share reached 26.1%. Macau business EBITDA fell 12% year on year to $529m, and net income was $191m, below the $272m recorded a year earlier. The company cited weak high-end demand and low hold at The Londoner Macao as factors affecting profits.
Las Vegas Sands recorded a 3.5% decline in revenue for the third quarter of 2026 to $3.22bn, driven by lower casino revenue. The report gives no further figures.