Sands China Profit Falls Dramatic 43 Percent
Published on:
Feb/22/2016
Bad news for Sands China as the casino giant run by Sheldon Adelson witnessed a net profit drop of 43 percent in 2015, much of this due to a market meltdown in the Macau gaming industry.
Compared to 2014, when the net profit reached $2.55 billion, in 2015 the company generated almost half that amount ($1.46 billion).
Addison noted that Sands continued to generate “market-leading visitation and financial results.” while welcoming more than 68 million visitors during the year in question.
- Aaron Goldstein, Gambling911.com
