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Due to the worldwide economic crisis, Las Vegas Sands has been forced to end plans to raise 5.25 billion dollars in loans in order to continue with its expansion strategy in Macau. According to sources, the giant gaming operator decided to drop plans following the lack of interest among lenders.

Apparently, the company will hold plans until numbers look bright again and they can elaborate a new scheme with a new shape and a new amount, maybe next year. Tycoon Sheldon Adelson, recently put forward a proposal to raise 7 billion dollars, but later dropped the number to 5.25 billion.

It was revealed this week that during 2007 Canadians spent five times more money on bets than they did 15 years before. The report prepared by Statistics Canada shows that residents of the Prairie Provinces were the ones that spent the most on wagers. On average, each Canadian spent $524 on gaming.

Profits from casinos, lotteries, slot machines and lotto rose to $13.6 billion in 2007, $10.9 billion more than in 1992 and $3 million more than in 2006. The highest bets were registered in Alberta, $890 per capita, followed by Saskatchewan and Manitoba.

Latin Interactive Gaming, a company based in Malta, has announced its plans to dominate the Spanish and Latin American markets through the launching of its local brands “PokerMillones”, “ApuestaMillones”, “CasinoMillones”, “JuegaMillones and “TragaMillones”

“With our wide experience in the gaming and entertainment industry, it is clear that Latin Interactive Gaming has a good opportunity to dominate the Hispanic market in the next two years,” Maximiliano De Muro, partner and CEO of the company, assured.

MGM Mirage will double the number of gaming tables for high-rollers in its Macau casino by the end of the year in order to make the most of the increasing number of players who spend more than 124,000 dollars per visit.

CEO Terrence Lanni said in a press conference held this week that the company will increase the number of VIP tables from 70 to 150. Macao obtained almost 70 per cent of its gaming profits from VIP Players, defined as those who spend more than 124,000 dollars per trip.