Sands China Gets 150 Gambling Tables in Macau’s Closely Watched Decision

Tour of Sands China's The Parisian Macao's Eiffel Tower And Views of Cotai Area
The Eiffel Tower attraction, a half-size replica of the Eiffel Tower in Paris, stands illuminated at the Parisian Macao casino resort, operated by Sands China Ltd., a unit of Las Vegas Sands Corp., in Macau, China, on Tuesday, July 26, 2016. Billionaire Sheldon Adelson said he's optimistic recreational gamblers and tourists are spurring a recovery in Macau's hard-hit casinos industry, as Las Vegas Sands reported mass-market gaming revenue in the Chinese city rose in June for the first time in two years. Photographer: Anthony Kwan/Bloomberg via Getty Images
Anthony Kwan/Bloomberg via Getty Images

Macau casino operator Sands China (SCHYF) said on Monday the government has granted 150 gaming tables for its $3 billion casino resort, a figure analysts said will be sufficient to support its revenues in the world’s biggest casino hub.

The allocation had been closely watched after Wynn Macau‘s (WYNMF) $4 billion Wynn Palace property, which opened last month, was also awarded 150 tables. Some industry experts had questioned whether the government would allocate any tables at all to the new resort.

Sands’ Parisian resort is set to open on Sept. 13, two weeks after the Chinese gambling territory posted its first positive monthly year-over-year growth in more than two years.

See also: Wynn Bets Big with a New $4 Billion Resort, Macau’s Most Expensive Yet

Sands will open with 100 new table games and receive 25 new tables in 2017 and a further 25 in 2018, the company said in a filing to the Hong Kong stock exchange.

Owned by U.S. billionaire Sheldon Adelson’s Las Vegas Sands (LVS), the Macau unit has several properties including the Venetian resort.

Union Gaming analyst Grant Govertsen said any number of tables above zero was a positive for Sands.

“Given the current state of market-wide demand and the fact that the Parisian gets 150 tables, the Parisian won’t miss a beat … ” he said.

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Sands shares rose 1.4% in morning trading, in line with the benchmark Hang Seng Index up 1.3%.

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