The Singapore government recently issued licenses to two junket operators, both of which happen to be agents of Las Vegas Sands' (NYSE: LVS ) rival Genting Singapore. Does this spell bad news for Sands?
Some observers say the junket licensing deal in Singapore is an unfortunate blow to the profitability of Marina Bay Sands, the Singapore property that accounted for a significant 31% of Las Vegas Sands' revenue in 2011. So with two junket operators newly licensed to competition, is LVS truly in a disadvantageous position? Full story
