Behind Las Vegas Sands in Macau are U.S.-based competitors Wynn Resorts and, more distantly, MGM Resorts International.
The Las Vegas Sands Corporation, which owns the Venetian casinos in Las Vegas and Macau, opened Marina Bay Sands in Singapore in April.
Nevertheless, Las Vegas Sands has expanded rapidly in the Macau region and developed a portfolio of properties to control a significant portion of the market.
Both Las Vegas Sands and Wynn Resorts have already listed their Macau operations in Hong Kong.
Las Vegas Sands generated 81% of its revenue in Macau and Singapore in Q3.
Las Vegas Sands makes the bulk of its earnings in Macau, the world's biggest gambling market and the only Chinese territory where casinos are allowed, and Singapore.
Las Vegas Sands reported its Q4 2012 results last week and Macau once again was a big driver to growth.
With Chinese demand for entertainment and gambling in Macau surging, companies like Las Vegas Sands, Wynn Resorts, and MGM Resorts have scrambled to move in and get a piece of the action.
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Adelson later gambled on casinos in Las Vegas, Macau and Singapore, and took his Las Vegas Sands public in December 2004.
Adelson later gambled on casinos in Las Vegas, Macau and Singapore, and took his Las Vegas Sands (nyse: LVS - news - people ) public in December 2004.
The casino, which is also partly owned by MGM, competes for business in booming Macau with spots owned by Wynn Resorts and Las Vegas Sands.
Casino operators including Wynn Resorts and Las Vegas Sands derive a big chunk of their revenues from the operations in Macau, while major commodity players like Freeport McMoran depend on strong Chinese demand for copper and other metals to drive top-line growth.
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The conservative Las Vegas Sands chairman and Mitt Romney supporter has faced accusations in recent days of encouraging prostitution at his Macau properties.
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Sheldon Adelson, the Las Vegas Sands Corp. chairman, recently opened the Sands Cotai Central, making it the 35th casino in Macau.
Shares of his Las Vegas Sands casino company have fallen more than 95% in a year as gamblers stay home in Nevada and Macau.
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