- Las Vegas Sands Corp reported better-than-expected profit and revenue for the third quarter on Wednesday, as ongoing ramp up of outbound tourism to Macau and Singapore spurred gaming volumes and retail sales.
With tourism close to pre-pandemic levels, Las Vegas Sands has benefited from a business mix comprising a greater share of the mass segment as opposed to VIP in its properties – Marina Bay Sands in Singapore and The Londoner and The Venetian in Macau. The company's revenue rose to $2.80 billion in the quarter ended Sept. 30, up from $1.01 billion a year earlier, and above analysts' estimates of $2.72 billion as per LSEG data.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: