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Las Vegas Sands sees signs of recovery in Macao as Q2 profit slumps

26th July 2016 2:01 pm GMT

Casino operator Las Vegas Sands has reported a 9 per cent drop in net revenue to $2.65bn for the second quarter of 2016, with growth in the US market unable to offset continued declines across its Asian operations.

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 16 per cent to $1.48bn.

This included declines in net revenue from the Venetian Macao, Sands [...]

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