LAS VEGAS
Las Vegas Sands Corp. reported Wednesday that its $5.7 billion Marina Bay Sands casino and resort in Singapore, which opened in April, was an immediate hit in its first full quarter.
It generated $485.9 million in revenue and easily surpassed the company's take in
Speaking with investors on a conference call, CEO Sheldon Adelson said the company is drawing customers it didn't have before.
QUESTION: Do you have a rough breakdown of where the Singapore customers are coming from?
ADELSON: I only have access to the top 20 -- what we call the hit sheet -- the top 10 winners, the top 10 losers. And the average number of countries that are represented in those 20 customers are eight to nine different countries. ... Our primary markets are Singapore, Malaysia and Indonesia. ...
(But) when you penetrate the level of the haves, as opposed to the have-nots, in a place like Bangladesh where all the haves know each other, and people say they enjoyed their stay or their trip, we're going to get a lot more people from Bangladesh. So we'll have a steady, solid stream of business from each of those countries -- and there's an awful lot of them.
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