Sands China Misses Forecast on China Slowdown, Rival Casinos

Updated on
  • Macau casino operator's first quarter profit fell 2.5 percent
  • CEO Adelson sees downturn as temporary, confident of Parisian

Rising Competition Hurts Sands China Earnings

Sands China Ltd., the Macau-based casino unit of Las Vegas Sands Corp., reported first-quarter profit missed analysts’ estimates as China’s economic slowdown hurt visitor spending, even as its billionaire chairman Sheldon Adelson saw future improvement from mass market gamblers and tourists.

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