Las Vegas Sands Q4 results are in, and it’s a pretty good snapshot of the eastward tilt going on in the land-based casino world. While Las Vegas revenues fell 19%, the Venetian and Sands Macau revenues grew 21% and 15% respectively. Overall, revenues grew 17.5%, but Sands still lost $113.9 million (17 cents a share) for the period, sending its share price down 5.5% at time of writing. Read more.
Macau VIP expands 35 percent in Q3
Macau casinos have yet to reach 95% of Chinese consumers
October 11, 2017