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Las Vegas Sands posts underwhelming profit for 2Q

July 24, 2013 • Business


FILE – In this May 25, 2012 file photo, Sands Casino complex is lit up in Macau. Las Vegas Sands Corp.’s success continued in Macau helping net income more than double in the second quarter of 2013. But growth was tepid Las Vegas, and Wall Street expected stronger results overall. (AP Photo/Vincent Yu, File)

LAS VEGAS (AP) — Las Vegas Sands Corp.’s success continued in Macau, helping it more than double its net income in the second quarter. But growth was tepid in Las Vegas, and Wall Street expected stronger results overall.

Revenue rose 40 percent at Sands China, the company’s Macau division, while profit more than tripled. Known for its high-roller gamblers and a growing base of middle-class Chinese visitors, Macau is the world’s largest gambling market and the only place in China where casino gambling is legal. Sands was the first U.S. company to enter the market after China opened it to foreign businesses in the early 2000s.

Speaking with analysts and investors Wednesday, billionaire CEO Login to read more

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One Response to Las Vegas Sands posts underwhelming profit for 2Q

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