Could one skilled gambler, nicknamed “Lady Luck,” be behind a casino mega-corporation’s profit woes? According to the Wall Street Journal, Las Vegas Sands Corp., which owns Macau’s new Parisian casino, has been on the lookout for just such a player ever since she went on a winning streak for the ages.
This came on the heels of the Sands’ Chief Operating Officer Robert Goldstein bemoaning one hot player on a call with investors back in January. “One particular customer, she wins every day and she’s doing very well and she affected the numbers,” Goldstein reportedly said.
Macau is the only place in China where gambling is legal, and the company’s five locations in the country haven’t been meeting performance expectations lately. Could this all be Lady Luck’s fault? Not very likely, says one expert. “[The story] was very good marketing for the Parisian,” Angela Han Lee, an equities researcher at China Merchants Securities Co., told the Journal. “I’ve got many people, including clients, messaging me asking about it.”
—RealClearLife
This article was featured in the InsideHook newsletter. Sign up now.
