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Las Vegas Sands Corp. Message Board

  • grftt grftt Mar 20, 2013 11:30 PM Flag

    Francis Tam said he was not worried about competition

    The Secretary for Economy and Finance Francis Tam said he was not worried about competition posed by the new casino-resorts overseas including the recent one in the Philippines, because he believed the real competition is in “leisure travel”, and he’s confident that Macau will not lag behind other competitors in this area. As an example, he pointed out that up to 2 of the 6 gaming operators have already seen their mass-market revenues reach the same level as, or even surpass that of the VIP market.

    The 2 of the 6 gaming operators would be
    LVS/ Mpel or Galaxy?

    Sentiment: Strong Buy

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