{"id":27411,"date":"2015-01-31T13:44:17","date_gmt":"2015-01-31T21:44:17","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=27411"},"modified":"2024-08-19T10:26:12","modified_gmt":"2024-08-19T15:26:12","slug":"las-vegas-sands-corp-reports-record-revenue","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/las-vegas-sands-corp-reports-record-revenue\/","title":{"rendered":"Las Vegas Sands Corp Reports Record Revenue"},"content":{"rendered":"
\"Sheldon
The cat that got the cream: Sheldon Adelson\u2019s LVS reports record revenues despite the financial lull in Macau. (Image: telegraph.co.uk)<\/figcaption><\/figure>\n

Las Vegas Sands Corp (LVS) reported a record year of net revenue this week.<\/p>\n

Despite falling profits in Macau as the region faces an intense tightening of financial controls from mainland China; and despite a suspected Iranian cyber-attack in February that did untold financial damage to the company\u2019s systems; and despite unsteady share prices in the latter part of the year, Sheldon Adelson\u2019s casino giant is rude health.<\/p>\n

LVS reported that its net revenue increased by 6 percent on last year to unprecedented high of $14.58 billion.<\/p>\n

Contrast this with Caesars Entertainment, which has lost money each year since 2009, while struggling to repay the interest on its industry-high $20 billion-plus debt, as it attempts to put its main operating unit it into Chapter 11 bankruptcy.<\/p>\n

Macau \u201cStill Wonderful\u201d<\/b><\/h2>\n

Unlike LVS, Caesars failed to invest in Macau when the region opened itself up to foreign operators, and this is where the bulk of the profits are coming from, despite the softening of the region\u2019s gaming market.<\/p>\n

“The new Macau is a little different than the old Macau, but still a wonderful Macau,” Robert Goldstein, Las Vegas Sands president and COO told CNBC.\u00a0“We believe very much in this market.”<\/p><\/blockquote>\n

However, LVS\u2019s Q4 revenues were much lower, year on year, due largely to Macau poorer performance in the latter part of the year. LVS, which has four casinos in Macau, said the Sands China business reported a 16 percent decline in net revenue to $2.12 billion, and the Venetian Macao saw net revenue tumble by 23 per cent to $880.3 million, but this was offset by lower operating costs, the company said.<\/p>\n

Turnover from Macau still dwarfs the revenue of LVS Vegas\u2019 properties, however, which took a combined 362 million in Q4. Total operating expenses across all properties were down 14 per cent to $2.39 billion.<\/p>\n

Prudent Management<\/b><\/h2>\n

\u201cThe prudent management of our cash flow, including the ability to increase the return of capital to shareholders while maintaining a strong balance sheet and ample liquidity to invest in future growth opportunities, remains a cornerstone of our strategy,\u201d said Adelson. \u201cWe remain focused on the consistent execution of our global growth strategy, which leverages the power of our unique convention-based Integrated Resort business model.\u201d<\/p>\n

This comes as Adelson seeks to redouble his efforts to stamp out online gaming in the US. Sources say that Adelson recently met with Republican members of the House Judiciary Committee in order to discuss pushing the issue through during the new legislative session.<\/p>\n

Adelson has vowed to spend \u201cwhatever it takes\u201d to rid the world of online gaming.<\/p>\n

Meanwhile, Las Vegas Sands\u2019<\/a> shares rose 3.8 percent to $58.12 in after-hours trading following the release of the company\u2019s revenue figures.<\/p>\n","protected":false},"excerpt":{"rendered":"

Las Vegas Sands Corp (LVS) reported a record year of net revenue this week. Despite falling profits in Macau as the region faces an intense tightening of financial controls from mainland China; and despite a suspected Iranian cyber-attack in February that did untold financial damage to the company\u2019s systems; and despite unsteady share prices in […]<\/p>\n","protected":false},"author":42,"featured_media":27412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,18],"tags":[],"acf":[],"yoast_head":"\nLas Vegas Sands Corp Reports Record Revenue<\/title>\n<meta name=\"description\" content=\"Las Vegas Sands defies predictions to report record turnover. Sheldon Adelson praises \u201cprudent cash flow management.\u201d\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/las-vegas-sands-corp-reports-record-revenue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Las Vegas Sands Corp Reports Record Revenue\" \/>\n<meta property=\"og:description\" content=\"Las Vegas Sands defies predictions to report record turnover. Sheldon Adelson praises \u201cprudent cash flow management.\u201d\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/las-vegas-sands-corp-reports-record-revenue\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2015-01-31T21:44:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-19T15:26:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/01\/shel_2122177b.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"620\" \/>\n\t<meta property=\"og:image:height\" content=\"388\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-corp-reports-record-revenue\/\",\"url\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-corp-reports-record-revenue\/\",\"name\":\"Las Vegas Sands Corp Reports Record Revenue\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-corp-reports-record-revenue\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-corp-reports-record-revenue\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/01\/shel_2122177b.jpg\",\"datePublished\":\"2015-01-31T21:44:17+00:00\",\"dateModified\":\"2024-08-19T15:26:12+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"Las Vegas Sands defies predictions to report record turnover. Sheldon Adelson praises \u201cprudent cash flow management.\u201d\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-corp-reports-record-revenue\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/las-vegas-sands-corp-reports-record-revenue\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-corp-reports-record-revenue\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/01\/shel_2122177b.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/01\/shel_2122177b.jpg\",\"width\":620,\"height\":388,\"caption\":\"The cat that got the cream: Sheldon Adelson\u2019s LVS reports record revenues despite the financial lull in Macau. (Image: telegraph.co.uk)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-corp-reports-record-revenue\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Commercial Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/commercial-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Live Casinos\",\"item\":\"https:\/\/www.casino.org\/news\/commercial-gaming\/live-casinos\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Las Vegas Sands Corp Reports Record Revenue\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\",\"name\":\"Casino.org Staff Writer\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0853bd574da5b217483afb1fbbee33a5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0853bd574da5b217483afb1fbbee33a5?s=96&d=mm&r=g\",\"caption\":\"Casino.org Staff Writer\"},\"url\":\"https:\/\/www.casino.org\/news\/author\/corg-staff-writer\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Las Vegas Sands Corp Reports Record Revenue","description":"Las Vegas Sands defies predictions to report record turnover. Sheldon Adelson praises \u201cprudent cash flow management.\u201d","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/las-vegas-sands-corp-reports-record-revenue\/","og_locale":"en_US","og_type":"article","og_title":"Las Vegas Sands Corp Reports Record Revenue","og_description":"Las Vegas Sands defies predictions to report record turnover. Sheldon Adelson praises \u201cprudent cash flow management.\u201d","og_url":"https:\/\/www.casino.org\/news\/las-vegas-sands-corp-reports-record-revenue\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2015-01-31T21:44:17+00:00","article_modified_time":"2024-08-19T15:26:12+00:00","og_image":[{"width":620,"height":388,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/01\/shel_2122177b.jpg","type":"image\/jpeg"}],"author":"Casino.org Staff Writer","twitter_card":"summary_large_image","twitter_creator":"@Casino_Org","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Casino.org Staff Writer","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/las-vegas-sands-corp-reports-record-revenue\/","url":"https:\/\/www.casino.org\/news\/las-vegas-sands-corp-reports-record-revenue\/","name":"Las Vegas Sands Corp Reports Record Revenue","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/las-vegas-sands-corp-reports-record-revenue\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/las-vegas-sands-corp-reports-record-revenue\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/01\/shel_2122177b.jpg","datePublished":"2015-01-31T21:44:17+00:00","dateModified":"2024-08-19T15:26:12+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77"},"description":"Las Vegas Sands defies predictions to report record turnover. Sheldon Adelson praises \u201cprudent cash flow management.\u201d","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/las-vegas-sands-corp-reports-record-revenue\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/las-vegas-sands-corp-reports-record-revenue\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/las-vegas-sands-corp-reports-record-revenue\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/01\/shel_2122177b.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/01\/shel_2122177b.jpg","width":620,"height":388,"caption":"The cat that got the cream: Sheldon Adelson\u2019s LVS reports record revenues despite the financial lull in Macau. (Image: telegraph.co.uk)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/las-vegas-sands-corp-reports-record-revenue\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Commercial Gaming","item":"https:\/\/www.casino.org\/news\/commercial-gaming\/"},{"@type":"ListItem","position":3,"name":"Live Casinos","item":"https:\/\/www.casino.org\/news\/commercial-gaming\/live-casinos\/"},{"@type":"ListItem","position":4,"name":"Las Vegas Sands Corp Reports Record Revenue"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77","name":"Casino.org Staff Writer","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0853bd574da5b217483afb1fbbee33a5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0853bd574da5b217483afb1fbbee33a5?s=96&d=mm&r=g","caption":"Casino.org Staff Writer"},"url":"https:\/\/www.casino.org\/news\/author\/corg-staff-writer\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/27411"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/42"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=27411"}],"version-history":[{"count":1,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/27411\/revisions"}],"predecessor-version":[{"id":328323,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/27411\/revisions\/328323"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/27412"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=27411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=27411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=27411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}