Las Vegas Sands' results trail estimates as gaming in Asia dips

Published Thu, Jan 28, 2016 · 12:06 AM

[LOS ANGELES] Las Vegas Sands Corp, the world's largest casino operator, posted fourth-quarter profit that missed analysts' estimates as gambling revenue in Macau and Singapore declined.

Profit excluding some items fell to 62 cents a share, the Las Vegas-based company founded by Sheldon Adelson said Wednesday in a statement. Analysts projected 64 cents, the average of estimates compiled by Bloomberg. Sales slumped to US$2.86 billion, compared with estimates of US$2.91 billion. The company raised its quarterly dividend to 72 cents a share for 2016.

BLOOMBERG

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes

Consumer & Healthcare

Swiss watch exports plunge as China and Hong Kong demand dries up
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Billionaires selling cheap stuff get richer from inflation pain
Amazon to push cashierless shopping tech into more third-party stores, while backing off itself
Japan’s Uniqlo opens Rome store as part of European expansion
Abbott beats quarterly profit estimates on strong medical device sales

Companies & Markets

Las Vegas Sands' results trail estimates as gaming in Asia dips

Consumer & Healthcare

Swiss watch exports plunge as China and Hong Kong demand dries up

Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO

Billionaires selling cheap stuff get richer from inflation pain

Amazon to push cashierless shopping tech into more third-party stores, while backing off itself

Japan’s Uniqlo opens Rome store as part of European expansion

Abbott beats quarterly profit estimates on strong medical device sales

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

SECTIONS

LIFESTYLE

Follow BT