JOURNAL ARTICLE

Sands' Sales, Earnings Beat on Macau Recovery, Singapore Gains.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Palmeri, Christopher 3 of 3

Abstract

Las Vegas Sands Corp. has reported better-than-expected sales and profit for the first quarter of the year. The company's sales grew by 40% to $2.96 billion, surpassing analysts' estimates. This growth was driven by the recovery of Macau's casino industry from pandemic-related restrictions, with revenue from the company's five Macau casinos increasing by 42%. Sales in Singapore, where Sands owns one casino, also rose by 37%. Las Vegas Sands Corp. is controlled by the family of the late Sands founder Sheldon Adelson and bought back $450 million of its shares during the period. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/04, pN.PAG
  • Document Type:Article
  • Subject Area:Biography
  • Publication Date:2024
  • Accession Number:176656806
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