Inside Asian Gaming

IAG JAPAN NOV 2020 46 2020 POWER 50 SHELDON ADELSON CHAIRMAN AND CEO Las Vegas Sands CHAIRMAN AND CEO Sands China シェルドン・アデルソン 会長兼CEO ラスベガス・サンズ 会長兼CEO サンズ・チャイナ CLAIMS TO FAME 評価理由 2 POWER SCORE パワースコア: 5,900 POSITION LAST YEAR 昨年の順位: 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 • • • • • • • • コタイおよび会議主導型IRビジネスモデルの父 非ホジキンリンパ腫の治療後に87歳で復帰 マカオとシンガポールで幅広い称賛を受ける施設を拡大中 日本から撤退。買収を含む別のアジアでのチャンスを模索中 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 awake 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 centers on premium players, the mass market 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 ignoredMacau’s premiummarket, 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. Adelson came to gaming from MICE, purchasing the