Las Vegas Sands Corp. reported a decrease in net revenues for the third quarter of 2024, with consolidated net revenues at $2.68 billion, a 4.0% decline from $2.80 billion in the same period of 2023. Operating income and net income also saw reductions, with operating income at $504 million compared to $688 million, and net income at $353 million versus $449 million in the prior year's quarter. The company's Macao operations experienced a slight decrease in net casino revenues, while Marina Bay Sands faced a more significant drop due to decreased Rolling Chip volume and win percentage. Room revenues across operations decreased, attributed to a reduction in available rooms at Macao properties and renovations at Marina Bay Sands. Mall revenues also declined, with a notable decrease in...Show More

Las Vegas Sands Corp. reported a decrease in net revenues for the third quarter of 2024, with consolidated net revenues at $2.68 billion, a 4.0% decline from $2.80 billion in the same period of 2023. Operating income and net income also saw reductions, with operating income at $504 million compared to $688 million, and net income at $353 million versus $449 million in the prior year's quarter. The company's Macao operations experienced a slight decrease in net casino revenues, while Marina Bay Sands faced a more significant drop due to decreased Rolling Chip volume and win percentage. Room revenues across operations decreased, attributed to a reduction in available rooms at Macao properties and renovations at Marina Bay Sands. Mall revenues also declined, with a notable decrease in overage rent. Despite these challenges, Las Vegas Sands maintains a strong balance sheet with $4.21 billion in unrestricted cash and cash equivalents and access to substantial borrowing capacity. The company continues to invest in development projects, including the completion of The Londoner Macao and renovations at Marina Bay Sands, with a focus on enhancing the guest experience. Future plans include the MBS Expansion Project in Singapore and potential development of an Integrated Resort in New York, subject to obtaining a casino license.