BUSINESS

Sands China operation posts 315% increase in profits

TAGs: first quarter profits, sands china

YuanBenjaminWhile casinos based in Las Vegas and Atlantic City nowadays consider quarterly losses in only the double-digit millions deserving of applause, the same cannot be said for their Macau-based counterparts. Case in point: while Las Vegas Sands officials announced the loss of $29M last quarter, the Sands China operation posted first quarter profits of $110M. For the record, that’s quadruple the profits of just a year ago. Damn, that’s not a casino license, it’s a license to print money. Read more.

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