Written by :
Aaron Goldstein
Published on :
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
