Whatever’s happening in Vegas is good for Sands Casino

For a change, Sands’ Las Vegas properties were the standout performers as revenue rose nearly 16% to $466m, table win rising 10 points to 17.8% and adjusted property earnings hitting $136m.
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not something one million people kind of like.rs.png
—Brian Chesky
26th July 2019
CalvinAyre Newsletter
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Las Vegas Sands’ Vegas casinos outshine Macau for a change
A new top performer

The Story

The second quarter of the year saw a new top performer emerge for Sands Casino as its Las Vegas properties trumped the growth of Sands casinos in Macau. Vegas revenue rose nearly 16% to $466m thanks to gaming table drop rising 50%. Adjusted property earnings from Vegas hit $136m, the third-best quarterly performance in the company’s history. In contrast, Sands China operations in Macau reported revenue only went up 1.3% to $2.15b, while adjusted property earnings were up 2% to $765m. Overall, Sands Casino reported a Q2 revenue of $3.34b, thanks in part to the sale of Sands Bethlehem property that added $556m to Sands’ profit.

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