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