Las Vegas Sands reported a higher fourth-quarter profit on Wednesday, attributing the improvement largely to stronger demand across its Macau operations. The Nevada-based operator, which runs integrated resorts and casinos such as Marina Bay Sands in Singapore and six properties in Macau including The Venetian Macau, said the quarterly earnings performance reflected a rebound in that regional market.
For the quarter, Las Vegas Sands recorded earnings of $0.58 per share, compared with $0.45 per share in the year-ago period. Revenue tied to the company’s Macau operations rose 16.2% year over year to $2.06 billion. On a consolidated basis, total quarterly revenue climbed 26% to $3.6 billion versus the prior year.
Analysts had been projecting lower revenue. On average, analysts expected $3.3 billion in quarterly revenue, according to data compiled by LSEG, meaning the company exceeded those estimates.
Company leadership emphasized the role of long-standing investments in supporting Macau’s recovery. CEO Robert Goldstein said those investments aimed at strengthening both business and leisure tourism in Macau position the company well for future growth.
Context on operations mentioned in the results
- Las Vegas Sands operates Marina Bay Sands in Singapore.
- The company maintains six Macau properties, among them The Venetian Macau.
The results indicate that Macau was a primary contributor to the quarter’s revenue increase. Management framed earlier capital and strategic commitments as preparatory steps to capture improving demand for both business and leisure travel in the market.
Additional information included in the report
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While the company highlighted stronger Macau demand and cited investments positioning it for future growth, the report does not provide further forward-looking guidance within the text quoted here. The quarter’s figures show a meaningful year-over-year improvement in both earnings per share and consolidated revenue, and they show the role Macau operations played in that improvement.