Even the casinos in mighty Macau are raking in less money these days. How much less? Less enough that Las Vegas Sands is haltingconstruction on its new projects.
“Given the current conditions in the global credit environment, we have elected tosignificantly slow the pace of our development activities” in Macao, said Las Vegas Sands COOWilliam Weidner.
Edmund Ho, the top Macau official, said he expected monthly gambling revenue in Macao to drop to about $876 million in2009, down from the monthly average of about $1 billion this year.
The good news is that LVS is going full steam ahead with its Singapore plans.
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