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Las Vegas Sands slips to Q1 loss as casino closures hit revenue

23rd April 2020 2:09 pm GMT

New York-listed casino operator Las Vegas Sands has reported a 51 per cent decline in net revenue to $1.78bn for the first quarter of 2020, as the coronavirus pandemic impacted results in Las Vegas, Singapore and Macao.

Following Covid-19 related casino shutdowns in February, net revenue from the company’s operations in Macao decreased by 65 per cent year-on-year to $814m in Q1. Net revenue from Marina Bay Sands in Singapore fell by 20 per cent to [...]

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