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Fortunes Improve for Las Vegas Sands - Wall Street Journal (blog)

Thursday, 03 February 2011 20:56 administrator
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BY ALEXANDRA BERZON

Las Vegas Sands Corp. stormed back to profit for the fourth quarter, fueled by robust growth in the Chinese gambling enclave of Macau as well as a new $5.5 billion casino in Singapore.

The gambling company's rebound came despite a slowdown in its once-core casino business in Las Vegas. In Macau, by contrast,

overall revenue for the gambling industry rose nearly 60% last year.

Helped by improved revenues and brighter prospects abroad, shares of Las Vegas Sands, which was in financial turmoil as recently as two years ago, have tripled in value over the past year and expectations for the ...



Source: http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHXPI1g4AUy7RC5eieBH5MxYz_9Lw&url=http://asia.wsj.com/article/SB10001424052748704150104576122822113875978.html

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