Macau Weakness Hits Sands, SJM in Q3

Las Vegas Sands and SJM Holdings in Macau have reported declines in gaming revenue of 2 percent and 3.2 percent respectively as 2019’s double-digit drop in VIP win is taking a toll on the market. SJM, which lacks a mass-market draw on Cotai, is especially feeling the pinch. In welcome news, Sands honcho Sheldon Adelson (l.) took part in LVS’ earnings call for the first time after a long illness.