Casino operator Las Vegas Sands has reported a 16 per cent drop in net revenue to $2.86bn for the final quarter of 2015, as the company continued to be negatively impacted by the challenging operating environment in Macao.

Net revenue from the company’s majority-owned Sands China business, which operates a portfolio of properties on the Cotai Strip, decreased by 22 per cent to $1.66bn in Q4 as a result of the “softer” gaming market in Macao.

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