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Sands China, Cirque Du Soleil: To End 10-Year Zaia Contract After Just 3.5 Years

The Macau unit of Las Vegas Sands Corp. (LVS) and Cirque du Soleil Tuesday said they were ending a 10-year contract after just three and a half years, underlining the difficulty some companies have faced trying to transform the Chinese gambling haven into an entertainment destination. The Quebec-based entertainment company will perform its last Zaia show--its first permanent production to open in Asia--on Feb. 19 after several years of disappointing ticket sales, the companies said in a joint statement, Average occupancy at the Zaia show in January was just 40%, according to a representative for the Canadiann company, whose productions have been popular in the West, particularly in the U.S.'s gambling capital Las Vegas. The combined cost of creating the show and the custom-built theater for Zaia exceeded US$150 million, according to an August 2008 press release for the show's premier. "In view of the market trend and customer demand shown in the research we've conducted, the company will again be investing to redesign the theater," said Gus Liem, Vice President of Entertainment at Sands China Ltd. (1928.HK). -By Kate O'Keeffe, Of Dow Jones Newswires; Keeffe@dowjones.com

Stock News for Las Vegas Sands (LVS)
DateTimeHeadline
07/24/201516:23:11Current Report Filing (8-k)
07/22/201517:20:11Las Vegas Sands Earnings Fall 30%
07/22/201517:05:11Las Vegas Sands Earnings Fall 30% on Macau Weakness
07/22/201516:16:56Current Report Filing (8-k)
07/22/201516:01:00Las Vegas Sands Reports Second Quarter 2015 Results
07/20/201509:25:00Technical Coverage on Resorts and Casinos Stocks -- MGM Resorts...
07/17/201517:08:00Las Vegas Sands to Announce Second Quarter 2015 Financial Results
07/11/201509:43:03Is Las Vegas Sands' Big Fall Finally Over -- Or Just Beginning?
07/09/201515:00:06Macau Recovery: Gaming Stocks Don't Scream "Buy" Quite Yet
07/03/201507:23:02Terrible June Leaves Questions for Macau's Gaming Giants
06/22/201520:00:03Las Vegas Sands Corp.’s Big Dividend: Smart Bet or Risky Gamble?
06/18/201507:36:00Newsweek Ranks Sands China Among World's Top Green Companies
06/17/201520:00:033 Undervalued Growth Stocks to Buy Now
06/17/201518:13:033 Sin Stocks With 5% Dividend Yields
06/17/201515:00:05The Best Stocks to Watch in Casinos
06/16/201518:22:00Las Vegas Sands and Sands Cares Announce Aid to Homeless Youth...
06/15/201507:02:023 High-Yield Dividends That Could Triple Your Investment in Less...
06/09/201515:00:08Is Macau in Big Trouble or About to Turn a Corner?
06/06/201510:00:04Is Another Las Vegas Mega-Deal in the Works?
06/05/201516:42:02Current Report Filing (8-k)

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