{"id":317659,"date":"2024-04-17T16:02:23","date_gmt":"2024-04-17T21:02:23","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=317659"},"modified":"2024-04-18T10:14:06","modified_gmt":"2024-04-18T15:14:06","slug":"las-vegas-sands-tops-q1-eps-estimate-beats-on-top-line","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/las-vegas-sands-tops-q1-eps-estimate-beats-on-top-line\/","title":{"rendered":"Las Vegas Sands Tops Q1 EPS Estimate, Beats on Top Line"},"content":{"rendered":"

Las Vegas Sands (NYSE: LVS) delivered first-quarter results after the close of US markets on Wednesday, surpassing analysts\u2019 earnings per share (EPS) forecast while beating Wall Street\u2019s revenue estimate.<\/p>\n

\"Macau
Sands China’s Venetian Macau. The US-based parent company reported estimate-beating first-quarter results. (Image: Wall Street Journal<\/em>)<\/figcaption><\/figure>\n

The Venetian Macau operator said it earned 75 cents per share in the March quarter on the basis of non-generally accepted accounting principles (non-GAAP) on sales of $2.96 billion. Analysts expected EPS of 62 cents on revenue of $2.94 billion. Macau, where the company\u2019s Sands China unit runs five casino resorts, contributed to the solid numbers.<\/p>\n

In Macao, the ongoing recovery continued during the quarter. Our decades-long commitment to making investments that enhance the business and leisure tourism appeal of Macao and support its development as a world center of business and leisure tourism positions us well as the recovery in travel and tourism spending progresses,\u201d said Sands CEO Rob Goldstein in a statement.<\/p><\/blockquote>\n

Sands\u2019 pivot in the Special Administrative Region (SAR) appears to be paying dividends. Sands China gained market share in Macau due in part to its ability to capture more business from mass and premium-mass clients, as well as extensive menus of nongaming amenities<\/a> at its venues.<\/p>\n

For Las Vegas Sands, Macau Solid, but Not Perfect<\/h2>\n

Sands noted its first-quarter adjusted property earnings before interest, taxes, depreciation, and amortization (EBITDA) was $610 million, but low hold on rolling play adversely affected that figure to the tune of $31 million.<\/p>\n

\n

Still, net revenue for the Sands China business surged 42% to $1.80 billion in the first three months of 2024 from the year-earlier period. The Londoner Macau on the Cotai Strip<\/a>, which hasn\u2019t fully ramped up, said net revenue soared to $562 million from $283 million in the same period in 2023, making the venue the second-highest-grossing among Sands\u2019 Macau properties behind only the Venetian.<\/p>\n<\/div>\n

The Venetian and the Londoner combined for $486 million of the $610 million in adjusted property EBITDA Sands generated in the lone Chinese territory where betting is permitted.<\/p>\n

Londoner is part of Sands\u2019 effort to add approximately two million square feet of luxurious suite accommodations on the Cotai Strip. Londoner jibes with the operator\u2019s plans to bring more nongaming attractions to Macau. The all-suite hotel has 600 guest suites, including some inspired by English soccer icon David Beckham.<\/p>\n

Marina Bay Sands Strong as Usual<\/h2>\n

Marina Bay Sands in Singapore — currently the operator\u2019s lone integrated resort outside of Macau — posted another solid quarter. In the first three months of the year, that property generated adjusted property EBITDA of $597 million, helped by a $77 million boost attributable to high hold on rolling play.<\/p>\n

In Singapore, Marina Bay Sands once again delivered record levels of financial and operating performance. Our new suite product and elevated service offerings position us for additional growth as airlift capacity continues to improve and travel and tourism spending in Asia continues to advance,\u201d added Goldstein.<\/p><\/blockquote>\n

Sands is planning to start a $3.3 billion expansion<\/a> of the Singapore casino hotel in July 2025. The gaming company also noted it repurchased $450 million shares of its stock during the first quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"

Las Vegas Sands (NYSE: LVS) delivered first-quarter results after the close of US markets on Wednesday, surpassing analysts\u2019 earnings per share (EPS) forecast while beating Wall Street\u2019s revenue estimate. The Venetian Macau operator said it earned 75 cents per share in the March quarter on the basis of non-generally accepted accounting principles (non-GAAP) on sales […]<\/p>\n","protected":false},"author":46,"featured_media":263923,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,10],"tags":[81913,81903],"acf":[],"yoast_head":"\nLas Vegas Sands Tops Q1 EPS Estimate, Beats on Top Line<\/title>\n<meta name=\"description\" content=\"Las Vegas Sands Tops Q1 EPS Estimate, Beats on Top Line.\" \/>\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-tops-q1-eps-estimate-beats-on-top-line\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Las Vegas Sands Tops Q1 EPS Estimate, Beats on Top Line\" \/>\n<meta property=\"og:description\" content=\"Las Vegas Sands Tops Q1 EPS Estimate, Beats on Top Line.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/las-vegas-sands-tops-q1-eps-estimate-beats-on-top-line\/\" \/>\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=\"2024-04-17T21:02:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-18T15:14:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/SC.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"853\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\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-tops-q1-eps-estimate-beats-on-top-line\/\",\"url\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-tops-q1-eps-estimate-beats-on-top-line\/\",\"name\":\"Las Vegas Sands Tops Q1 EPS Estimate, Beats on Top Line\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-tops-q1-eps-estimate-beats-on-top-line\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-tops-q1-eps-estimate-beats-on-top-line\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/SC.jpg\",\"datePublished\":\"2024-04-17T21:02:23+00:00\",\"dateModified\":\"2024-04-18T15:14:06+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Las Vegas Sands Tops Q1 EPS Estimate, Beats on Top Line.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-tops-q1-eps-estimate-beats-on-top-line\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/las-vegas-sands-tops-q1-eps-estimate-beats-on-top-line\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-tops-q1-eps-estimate-beats-on-top-line\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/SC.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/SC.jpg\",\"width\":1280,\"height\":853,\"caption\":\"Sands China's Venetian Macau. The company reported estimate-beating first-quarter results.(Image: Wall Street Journal)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-tops-q1-eps-estimate-beats-on-top-line\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Asia Pacific Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/asia-pacific-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Las Vegas Sands Tops Q1 EPS Estimate, Beats on Top Line\"}]},{\"@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\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Las Vegas Sands Tops Q1 EPS Estimate, Beats on Top Line","description":"Las Vegas Sands Tops Q1 EPS Estimate, Beats on Top Line.","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-tops-q1-eps-estimate-beats-on-top-line\/","og_locale":"en_US","og_type":"article","og_title":"Las Vegas Sands Tops Q1 EPS Estimate, Beats on Top Line","og_description":"Las Vegas Sands Tops Q1 EPS Estimate, Beats on Top Line.","og_url":"https:\/\/www.casino.org\/news\/las-vegas-sands-tops-q1-eps-estimate-beats-on-top-line\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2024-04-17T21:02:23+00:00","article_modified_time":"2024-04-18T15:14:06+00:00","og_image":[{"width":1280,"height":853,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/SC.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/las-vegas-sands-tops-q1-eps-estimate-beats-on-top-line\/","url":"https:\/\/www.casino.org\/news\/las-vegas-sands-tops-q1-eps-estimate-beats-on-top-line\/","name":"Las Vegas Sands Tops Q1 EPS Estimate, Beats on Top Line","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/las-vegas-sands-tops-q1-eps-estimate-beats-on-top-line\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/las-vegas-sands-tops-q1-eps-estimate-beats-on-top-line\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/SC.jpg","datePublished":"2024-04-17T21:02:23+00:00","dateModified":"2024-04-18T15:14:06+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"Las Vegas Sands Tops Q1 EPS Estimate, Beats on Top Line.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/las-vegas-sands-tops-q1-eps-estimate-beats-on-top-line\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/las-vegas-sands-tops-q1-eps-estimate-beats-on-top-line\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/las-vegas-sands-tops-q1-eps-estimate-beats-on-top-line\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/SC.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/SC.jpg","width":1280,"height":853,"caption":"Sands China's Venetian Macau. The company reported estimate-beating first-quarter results.(Image: Wall Street Journal)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/las-vegas-sands-tops-q1-eps-estimate-beats-on-top-line\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Asia Pacific Gaming","item":"https:\/\/www.casino.org\/news\/asia-pacific-gaming\/"},{"@type":"ListItem","position":3,"name":"Las Vegas Sands Tops Q1 EPS Estimate, Beats on Top Line"}]},{"@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\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/317659"}],"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\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=317659"}],"version-history":[{"count":4,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/317659\/revisions"}],"predecessor-version":[{"id":317734,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/317659\/revisions\/317734"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/263923"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=317659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=317659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=317659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}