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Difficult second quarter for Las Vegas Sands as revenue drops 19%

23rd July 2015 7:13 am GMT

Casino operator Las Vegas Sands Corporation has reported a 19 per cent decline in net revenue to US$2.92bn for the second quarter of 2015, following a significant drop in casino revenue across its operations in Macau and Las Vegas.

Net revenue from the company’s majority-owned Sands China business, which operates a portfolio of properties on the Cotai Strip in Macao, were down 26 per cent year-on-year to $1.77bn.

LVS chairman and CEO Sheldon Adelson said that the [...]

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