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Las Vegas Sands profit falls as Macau decline continues into Q1

21st April 2016 10:06 am GMT

Casino operator Las Vegas Sands has reported a 10 per cent drop in first quarter net revenue to $2.72bn, following continued year-on-year declines across its properties in Asia.

Net revenue from the company’s majority-owned Sands China business, which operates a portfolio of properties on the Cotai Strip, fell by 8 per cent to $1.63bn as a result of a softer gaming market in Macao.

The Venetian Macao saw net revenue drop 5 per cent to $749.0m, while [...]

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