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US growth fails to offset continued Macao decline for Las Vegas Sands

22nd October 2015 12:16 pm GMT

Casino operator Las Vegas Sands (LVS) recorded an 18 per cent drop in net revenue to $2.89bn during the third quarter of 2015, as revenue from its majority-owned Sands China business slumped by nearly a third.

Sands China, which operates a portfolio of properties on the Cotai Strip in Macao, saw net revenue fall to $1.66bn and represented 57 per cent of LVS’ total revenue. The company said that the operating environment in Macao, particularly in [...]

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