Las Vegas Sands Corp., the gaming company controlled by billionaire Sheldon Adelson, reported first-quarter earnings Wednesday that easily surpassed analysts’ estimates as growth at its Macau properties accelerated.

The casino company last year increased its share of the Macau market with the opening of Sands Cotai Central, its fourth casino in the Chinese gambling enclave. Las Vegas Sands is building The Parisian, its second Cotai Strip resort at a cost of $3 billion.

The Parisian is scheduled to open in late 2015. Adelson told analysts in a conference Wednesday the company is seeking government approval to build its Tropical Garden retail mall in Cotai, a development with 900,000 square feet of “value oriented retail.”

Las Vegas Sands net income for the quarter was $572 million, or 69 cents per share, compared with $498.9 million, or 61 cents per shares, in the first quarter of 2012. Analysts surveyed by Yahoo Finance expected earnings of 67 cents.

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Any predictions of a slowdown in Macau’s gaming market are long forgotten.

The Chinese gaming enclave shattered the region’s monthly gaming revenue record in March, with casinos collecting more than $3.92 billion from gamblers during the month.

The figure eclipsed the previous one-month record of $3.5 billion in gaming revenues, which was set in December. The March total accounted for a 25.4 percent increase over the amount casinos collected in March 2012.

The monthly results were released Tuesday by the Macau Gaming Inspection and Coordination Bureau. The March total is the best year-over-year growth rate since January 2012, when gaming revenues increased by 35 percent.

Las Vegas Sands Corp., MGM Resorts International and Wynn Resorts Ltd. are the three American casino companies operating in Macau.

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Macau casinos collected $3.4 billion in gaming revenues during February, a 12 percent increase compared with a year ago, according to figures released Friday by the Macau Gaming Inspection and Coordination Bureau.

For the first two months of 2013, Macau gaming revenues are up 9.4 percent over the same period in 2012.

Last year, Macau collected a record-setting $38 billion in gaming revenues.

RBC Capital Markets gaming analyst John Kempf told investors the February results “were encouraging” after the start of the Chinese New Year celebration during the month was slower than anticipated.

“It is likely that VIP volumes increased post Chinese New Year as the players avoided the crowds and extended their holiday past the typical seven to 10 days,” Kempf said.

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Las Vegas Sands Corp. called media accounts of the company’s self-reporting that it may have violated federal law that bans the bribing of foreign public officials “misleading and sensationalistic.”

In a statement released Sunday night, the casino operator, which is more than 53 percent owned by billionaire Sheldon Adelson, said it did not violate the anti-bribery provisions of the Foreign Corrupt Practices Act.

On Friday, Las Vegas Sands, in a one-sentence statement within the company’s annual report filing with the Securities and Exchange Commission, said its audit committee found possible violations of the Foreign Corrupt Practices Act.

“As part of the annual audit of the company’s financial statements, the Audit Committee advised the company and its independent accountants that it had reached certain preliminary findings, including that there were likely violations of the books and records and internal controls provisions of the FCPA,” Las Vegas Sands said in its Form 10-K filing.

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Online gaming giant PokerStars folded its hand last summer after a 15-month legal battle with the U.S. Department of Justice.

Since that time the company has been on a heater.

It was the right call for PokerStars to accept a $731 million forfeiture to the federal government and shed a nine-count indictment. The settlement also absolved PokerStars of any wrongdoing in accepting Internet wagers from American customers.

PokerStars, through its Isle of Man-based parent The Rational Group, said in January it was buying a casino in Atlantic City. On Feb. 21, it announced plans to open a live-play poker room at the City of Dreams in Macau, while its online business grew to more than 50 million registered customers through legal Internet gaming markets.

The only place PokerStars can’t earn a seat at the table is Nevada.

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Despite predictions two years ago, Singapore did not surpass the Strip as the world’s No. 2 gaming market in 2012.

And it might not happen this year, according to one gaming analyst.

The island nation’s two casinos produced $5.85 billion in gaming revenues in 2012, an 8 percent increase over 2011. That figure fell short of the $6.2 billion produced by the Strip’s more than 40 casinos.

Macau is the world’s largest casino market with $38 billion in gaming revenues in 2012.

Las Vegas Sands Corp. operates the Marina Bay Sands, which collected 2012 gaming revenues of $2.94 billion. Malaysia-based Genting, which owns Resorts World Sentosa Island, Friday reported $2.91 billion in gaming revenues, as part of the company’s fourth-quarter earnings announcement.

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Las Vegas Sands Corp. Chairman Sheldon Adelson has sued a Wall Street Journal reporter for alleged libel over the way he was described in a December article concerning his company’s legal battle with its former Macau operations chief executive.

According to the newspaper, Adelson filed the lawsuit Feb. 22 in Hong Kong’s Court of First Instance and is seeking “damages, including aggravated, exemplary and special damages.”

The article ran under the headline “Fired Executive Rankles Casino Industry” in the U.S. edition of the newspaper and appeared in overseas editions as well as online.

The article compared Steven Jacobs as “a 6-foot-5-inch-tall Ivy League graduate who colleagues say rarely curses,” with Adelson, described as “a scrappy, foul-mouthed billionaire from working-class Dorchester, Mass.”

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Marina Bay Sands Singapore

The island nation’s two casinos produced $5.85 billion in gaming revenues in 2012, an 8 percent increase over 2011. The figure fell short of the $6.2 billion produced by the Strip’s more than 40 casinos.

Macau is the world’s largest casino market with $38 billion in gaming revenues in 2012.

Las Vegas Sands Corp. operates the Marina Bay Sands, which collected $2.94 billion in gaming revenues in 2012. Malaysia-based Genting, which owns Resorts World Sentosa Island, reported $2.91 billion in gaming revenues Friday, as part of the company’s fourth quarter earnings announcement.

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Nevada’s top gaming regulator said Friday his agency was aware of changes Las Vegas Sands Corp. implemented to its compliance procedures and expected other companies, both inside and outside the gaming industry, would take similar steps.

Las Vegas Sands, which operates casinos in Macau and Singapore, as well as The Venetian and Palazzo resorts on the Strip, halted the execution of international money transfers for its high-end customers, the Wall Street Journal reported Friday.

The moves came as the casino operator faces scrutiny from U.S. and international regulators, people familiar with the matter told the newspaper.

Las Vegas Sands and Wynn Resorts Ltd. are both being investigated by the U.S. Department of Justice for potential violations of the Foreign Corrupt Practices Act.

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Nevada’s three Gaming Control Board members traveled to Macau [last] week in an effort to re-establish the relationship with their regulatory counterparts in the world’s largest gambling market.

Control Board Chairman A.G. Burnett characterized the trip as a “fact-finding’ mission and called the series of meetings, including talks with law enforcement officials in Hong Kong, “a complete success.”

He said the relationship between Nevada regulators and Macau’s Gaming Inspection and Coordination Bureau – often referred to at the DICJ – had not been very strong in recent years.

“We’ve established a good rapport with the DICJ and will lead to a good era of cooperation and discussions amongst the two agencies,” Burnett said late Thursday. “We were well-received and, as with all things in Asia, these relationships take time to nurture.”

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Let’s put some perspective on the record $38 billion in gaming revenues collected by Macau’s casino industry in 2012.

The figure is higher than the $35.64 billion collected by the entire U.S. commercial casino industry in 2011.

During December, Macau’s 35 casinos collected a single-month record of $3.5 billion in gaming revenues, more than half of what the Strip’s casinos collected in all of 2011.

Macau’s $38 billion gaming revenue take was a 13.5 percent increase from the $33.5 billion the market collected in 2011. However, Macau casinos grew gaming revenues 42 percent between 2010 and 2011.

“By and large, we believe the calendar year 2012 gross gaming revenue growth was ahead of most Wall Street estimates, the majority of which were ratcheted down throughout the year and conservative leaning, in our view,” Stifel Nicolaus Capital Markets gaming analyst Steven Wieczynski said.

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Despite a slowing Asian economy and changes in the Chinese government, Macau casinos continue to churn out record gaming figures, a fact for which investors in three Nevada gaming companies are forever thankful.

Clearly, Macau wasn’t going to match 2011′s 42 percent revenue increase over 2010′s results. But 2012 did provide the highest single-month revenue figure in the gambling market’s history — $3.5 billion in October.

For investors in Wynn Resorts Ltd., Las Vegas Sands Corp. and MGM Resorts International, the monthly gaming revenue figures released by Macau’s Gaming Inspection and Coordination Bureau continue to bring welcome results.

Nomura Securities gaming analyst Harry Curtis, who is based in New York, favors Las Vegas Sands over Wynn and MGM Resorts.

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A study by UNLV’s International Gaming Institute concluded a resort complex featuring a hotel, casino, convention space and other entertainment amenities in the heart of Toronto could stimulate the economy of Canada’s largest city.

Instead of cannibalizing the market, the complex would spur growth for any surrounding businesses.

Meanwhile, the worldwide accounting firm Ernst & Young found that Toronto could collect almost $200 million a year from a casino complex in the form of tax revenues, on top of a one-time sale or lease of city-owned land.

So it wasn’t a surprise last week that Toronto city leaders, following the public release of the two reports, decided to ask residents if they favor a casino.

It’s also no wonder that Caesars Entertainment Corp. Senior Vice President Jan Jones and MGM Resorts Senior Vice President Alan Feldman are bumping into each other more often in Toronto than on the Strip.

Nevada’s biggest casino companies view Toronto as the industry’s next major battleground.

“It’s truly a potential destination we can’t ignore,” Jones said.

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After very literally emerging from a Soviet bunker over the past week, I’m finding it difficult to integrate myself back into sublime British capitalism. Having a Russian man dispassionately tell you that, “now vee are in nuclear war,” as an alarming red light flashes in an underground corridor will do things to a man. Luckily there’s a whole warhead’s worth of worldwide poker news to help me readjust to society. Read on, you snivelling imperialist dogs. Oh, sorry.

Bodog Shifts Priorities

Making good on last week’s threats, Bodog have undertaken a daring raid into Asia. After abandoning their poker products throughout Europe, the copmany have welcomed TLC88.com onto their network, in an attempt to shift the focus of their business from West to East. [CardPlayer]

Possibly, but probably not, coincidentally, on the same day as Bodog confirmed their new parternship Sunderland A.F.C. – a mid-table team in the highest echelon of English football – announced TCL88.com as their official betting and gaming partner. [SAFC.com]

France Masters Tournaments

There’s a distinctly Gallic feel to the big tournament results this week. Firstly the France Poker Series event in Mazagan, Morocco reached a dénouement. The victor was Karim El Rharbaoui, who picked up around €44,000 for his efforts. [Poker777]

Meanwhile, down in the boot of Europe, the EPT San Remo was grinding its way to a finale, with the French-sounding Canadian Jason Lavallee and actual French person Ludovic Lacay engaging in a swift heads up battle. Real France beat out psuedo-France to take the title. [Poker News Daily]

PokerStars Macau Announcement

I don’t often include tournament announcements in this roundup, but I think that news of anything new coming out of Macau is particularly interesting, given how under exploited it is. In fact, only PokerStars seem to have really grasped the bull by the horns (dragon by the ears?) so far as tournaments are concerned. To stand alongside the likes of the Macau Poker Cup, Stars have announced the Asian Championship of Poker – a $13k NLHE event that kicks off in just over a week. [Tight Poker]

Full Tilt Reward System Teased

If you were fond of building up Ironman streaks and cashing in 27% rakeback deals on your Full Tilt account then you’ll have to carry on pining. Full Tilt’s new reward system, details of which have been dribbled out onto 2+2, is a totally different animal. There does appear to be the possibility of earning a decent internal rakeback, but a move to the Weighted Contribution method will reward the aggressive player more than the tight. [Poker News Daily]

Dwan and Isildur on Tilt Again

Speaking of aggressive poker, Viktor “Isildur1” Blom and Tom “durrrr” Dwan will be reuniting on the virtual felt of Full Tilt as paid up members of the site’s new roster. Respectively the most exciting names in high stakes cash games for the last few years, Blom and Dwan join Gus Hansen in Full Tilt’s reformed team of sponsored pros. [PokerNews]

France and Spain Cosy Up

No doubt hastened by the news of massive contractions in the Italian gaming market, Spain and France have agreed a deal to share regulatory data. A deal which many see as a precursor to a shared player pool. The French have been running their own insular market for a while now, but newly regulated Spain will likely have some legitimate concerns about their ability to support their own isolationist economy. [PokerFuse]

The Russian government has wagered $18 billion in infrastructure projects for the southern port city of Vladivostok on a gamble that American casino giants will turn the area into the next Macau.

Vladivostok may also become known for something more than just its proximity to northeastern Asia, a minuscule gaming tax and a market hungry for casinos.

Russian mobsters.

We’re not talking the drug lords that Arnold Schwarzenegger and Jim Belushi chased down in the 1988 film “Red Heat.” Nor do they resemble the arms dealer portrayed by Nicolas Cage in the 2005 movie “Lord of War.”

Today’s organized crime in Russia is disguised as legitimate business operations.

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