Endorsed by Gambling911

Sands Sees Slower Than Expected Earnings: Shares Sent Reeling

Written by:

Aaron Goldstein

Published on:

Jul/17/2014

Sands Sees Slower Than Expected Earnings: Shares Sent Reeling

Sands Las Vegas reported slower-than-expected revenue growth from its Macau operations resulting in second-quarter adjusted earnings that were $0.04 below the consensus of $0.89.

Sands traded recently at $73.02, down about one percent.

The casino company’s competitors shares were adversely affected as a result of the poor performance.

Wynn Resorts was down 1.4 percent Thursday. Wynn is expected to post second-quarter earnings in August of $1.97 per share on revenue of $1.44 billion.

Melco Crown Entertainment was also down 1.4 percent.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Recession Fears Prompt Oddsmakers to Make Likelihood a Strong -500 Favorite

The oddsmakers at BetOnline.ag significantly shifted their probability of a recession in 2025 after the Commerce Department's report released on Wednesday showed the U.S. economy shrank 0.3% in the first quarter.

4 Indicators Your Pay Per-Head Needs Change Immediately

Did you recently sign up for a pay per head provider? Have players started to place bets on their favorite sports? What do they say?

How Can a Local Bookie Make More Money Online?

The two best ways an independent sports bookmaker can earn more money is to control your upfront costs and to expand your existing sport betting customer base.