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BlackRock partners with Snowflake to create data cloud
Bloomberg
BlackRock is partnering with Snowflake, a cloud-based data platform provider, to deliver a next-generation solution for the investment management industry, a joint news release said Monday.
Aladdin Cloud will enable money managers to combine Aladdin and non-Aladdin data on a single cloud-based platform increasing operational efficiency, the companies said in the release.
BlackRock will add the Aladdin Data Cloud to its Aladdin investment and operations platform and it also will be a strategic part of Snowflake s own data cloud, the release said.
Money manager users of Aladdin cloud data will receive an independent, centrally managed data store that includes Aladdin data sets. Managers data platforms can be expanded with the addition of third-party data sources and their own proprietary data allowing organizations to access and query their business-critical data on single cloud-based platform, the release s
Sands China revenue plummets in 2020 due to Macau travel restrictions
19th February 2021
| By Daniel O Boyle
Sands China, the Macau-focused subsidiary of Las Vegas Sands, made a loss of $1.52bn, representing three-quarters of the parent company’s 2020 loss, after revenue dropped 80.8% to US$1.69 billion amid travel restrictions.
Casino gaming brought in $1.17bn in revenue, down 83.3% while rooms produced $144m, down 80.3%, and shopping mall revenue declined 49.3% to $269m.
Food and beverage revenue dropped 80.2% to $59m and convention, ferry, retail and other revenue was down 80.0% at $46m.
The casino revenue of $1.17bn came as turnover fell 81.3% to $19.67bn, down 81.3%. This was made up of $12.1bn in VIP chip turnover, $4.65bn in non-VIP chip turnover and $2.92bn in slot turnover.
Temple Emanuel will host an American Sign Language Interpreted Inclusion Shabbat as part of Jewish Disability Awareness, Acceptance, and Inclusion Month at 6:30 p.m. on Friday.
Las Vegas Sands revealed that they are looking into “a few opportunities” to pivot into online gambling.
Sheldon Adelson, one of the biggest names in gambling, hotels, entertainment, and charity passed away in January 2021, leaving the Sands Corp looking for a new CEO. Soon after his passing, Robert Goldstein was announced as the companies new CEO and would seek to take Sands to new markets.
During a call in the fourth quarter and full-year results, Goldstein mentioned that the Sands had looked at digital, as a vertical that they are considering. “It s interesting, digital is quite a space. And we are exploring opportunities, looking at what might be out there.”