Gambling market of Macau gave a positive impact on the income of Las Vegas Sands

30 July 2018

 Las Vegas Sands Corporation spoke about its successes in the second quarter of 2018. The growth of incomes is mainly associated with the stabilization of the Macau gambling market.

According to the results of the second quarter, net revenue increased by 6.2% year-on-year to $ 3.3 billion. Net income increased by 5.8%, from $ 639 million to $ 676 million.

Each object of Las Vegas Sands showed a steadily increasing curve. This led to the fact that EBITDA of consolidated property increased by 25% - for a total of $ 750 million.

The total EBITDA of the consolidated adjusted cost increased by 1.4% to $ 1.23 billion. The payment for the company's quarterly dividend was $ 0.75 per share.

Sheldon Adelson, the president of the corporation, stressed that high financial results were ensured by the steady growth of Macau. Marina Bay Sands in Singapore also showed significant improvements in annual terms - up to $ 368 million.

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