Las Vegas Sands Revenues More Than Double Thanks to Macau
Published on:
Apr/27/2012
Casino operator Las Vegas Sands Corp's first-quarter profit more than doubled, beating Wall Street estimates, helped by increased revenue from Asia. Revenue for Sands China Ltd jumped 25 percent to $1.45 billion.
Las Vegas Sands Corp is overseen by billionaire Sheldon Adelson, the man behind GOP Presidential candidate Newt Gingrich’s super PAC.
The deep-pocketed chairman Sheldon said he doesn’t believe the gaming operator’s prospects in Macau and Singapore will flatten out.
“The word plateau, in terms of Asia, is not in our vocabulary,” Adelson said.
- Aaron Goldstein, Gambling911.com
