Inside Asian Gaming

IAG NOV 2020年11月亞博匯 54 2020 POWER 50 SHELDON ADELSON CHAIRMAN AND CEO Las Vegas Sands CHAIRMAN AND CEO Sands China 蕭登．艾德森 董事會主席及行政總裁 拉斯維加斯金沙集團 董事會主席及行政總裁 金沙中國 CLAIMS TO FAME 名成事跡 2 POWER SCORE 權能指數: 5,900 POSITION LAST YEAR 去年排名: 2 Father of Cotai and the convention driven IR business model Back at work at age 87 after treatment for non-Hodgkin’s lymphoma Expanding widely admired properties in Macau and Singapore Withdrew from Japan; seeking other Asia opportunities, including acquisitions • • • • • • • • 落實發展路氹城和以會展業作引擎的IR模式 接受非霍奇金氏淋巴瘤治療後，以87歲之齡重回工作崗位 在澳門及新加坡擴建備受讚譽的物業 退出日本市場，在亞洲地區尋求包括收購在內的商機 HE’S BAAACK! After medical issues in 2019, Sheldon Adelson appears to have returned in full flower. The May announcement of Las Vegas Sands’ withdrawal from Japan’s integrated resort competition is a bold move straight out of Adelson’s playbook, one that seems to have given a wake up call to the entire industry and perhaps Japan’s leadership. Adelson wields such influence because he’s created the 800 pound gorilla of the gaming business. LVS has a market capitalization more than twice the size of any US rival, as well as the largest market cap among Macau rivals on the Hong Kong stock exchange, its Sands China subsidiary slightly edging Galaxy Entertainment, which is how Macau market share figures tend to run as well. With three IRs lining the central boulevard of Cotai that Adelson remade from swampland into Macau’s version of the Vegas Strip, Sands holds a huge lead in hotel rooms and retail over the rest of the field and tops the high market mass gaming and non-gaming segments. Although recovery from COVID-19 likely centersonpremiumplayers, themassmarket represents the future as Macau and Beijing authorities try to reposition the city as a travel destination for China’s middle class. That strategy may help offset Adelson’s role as a major donor to US President Donald Trump in Macau’s concession retendering, scheduled for 2022. Still, Sands hasn’t ignored Macau’s premium market, adding suite accommodations at Four Seasons and The Londoner – the rebranded Sands Cotai Central that’s the centerpiece of its US$2.2 billion capital investment program in Macau, scheduled to begin coming online this year before COVID-19 intervened. In Singapore, Marina Bay Sands remains the world’s most admired IR, and in most years, its most profitable. This iconic addition to Singapore’s skyline, celebrating its 10th anniversary this year, has a sun splashed shopping mall and that famous rooftop infinity pool but, above all, it exemplifies Adelson’s convention-driven IR model.