Sands Sees Boost From New Macau Resort as Wynn Disappoints
- Profits rise at Sands China unit after long slump in betting
- Las Vegas-based casino owner opened Parisian Macau last month
The Eiffel Tower attraction, a half-size replica of the Eiffel Tower in Paris, stands illuminated at the Parisian Macao casino resort in Macau.
Photographer: Anthony Kwan/BloombergThis article is for subscribers only.
Las Vegas Sands Corp., the world’s largest casino owner, reported a jump in profit after opening its newest resort in Macau, a sharp contrast to rival Wynn Resorts Ltd., which said its newest Chinese property was off to a slow start.
Sands’ profit rose to 72 cents a share, excluding some items, the Las Vegas-based company said Thursday in a statement. Analysts were predicting 60 cents, the average of estimates compiled by Bloomberg.