Las Vegas Sands: NY setbacks, Thailand opportunities
Discussions over Las Vegas Sands' strategic decisions in the face of regulatory obstacles and new opportunities continue to arise in the gambling community worldwide.CEO...
Las Vegas Sands revenue up 180% in Q3
Las Vegas Sands continued experiencing rapid growth in the third quarter of the year.
The headline figure of the operator’s latest financial report was a revenue of just under 2.8 billion dollars, up by close to 180% from the revenue of about a billion dollars recorded in the third quarter of last year. The company experienced similar increases in its operating and net income figures, which went up from last year’s losses of 177 million and 381 million dollars to an income of around 688 million and 449 million dollars respectively.
This performance was also reflected in Sands’ year-to-date figures, which highlighted a revenue of almost 7.5 billion dollars in the first nine months of the year, up by 150% from last year’s 3 billion dollars. The company’s operating income was recorded at 1.6 billion dollars, up from last year’s loss of 626 million dollars, while its net income experienced a decline from 1.6 billion dollars to 962 million dollars due to the discontinuation of certain of the business’s operations.
Breaking down the figures by the firm’s main properties, the Marina Bay Sands in Singapore generated the most revenue for the company at just over a billion dollars. This was followed by the Venetian and Londoner establishments in Macao, each of which generated 723 million and 518 million dollars in the quarter respectively. Sands’ Macao operations also experienced immense increases due to the easing of pandemic restrictions, with the firm’s total revenue from the region going from 258 million dollars in 2022’s Q3 to just under 1.8 billion dollars this year.
Las Vegas Sands experienced a 161% revenue increase in Q4
Las Vegas Sands has recently reported its financial performance in the fourth quarter of 2023.The report’s headline figure of a 161% year-over-year revenue increase for...
