Las Vegas Sands Beats Estimates on Macau, Singapore Strength
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/Bloomberg
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Las Vegas Sands Corp., the casino operator controlled by billionaire Sheldon Adelson, said first-quarter sales and profit rose as the company’s newest casino in Macau continued to draw gamblers and results in Singapore soared.
Sands, which is based in Las Vegas, reported profit rose to $1.04 a share, excluding some items, beating the 85-cent average of analysts’ estimates. Sales grew 17 percent to $3.58 billion, exceeding projections of $3.36 billion.