Las Vegas Sands Sees Asia Lead Covid-Era Casino Revival
October 19, 2023
Las Vegas Sands, the world’s largest casino company, announced strong third-quarter results driven by its thriving Asian operations. The company reported $1.12 billion in adjusted property EBITDA, nearly reaching pre-pandemic levels, and posted earnings of 55 cents per share on revenue of $2.8 billion. Singapore’s Marina Bay Sands has exceeded pre-pandemic figures in various sectors, while in Macao, occupancy rates are up and customers are spending more, indicating a robust recovery in the region’s gaming industry.
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