Sands China Profit Soars 50% on Mainland Holiday Makers
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Sands China Ltd., the Macau casino operator controlled by billionaire Sheldon Adelson, posted a 50 percent gain in first-quarter profit as its resorts drew more mass-market gamblers in the world’s biggest casino market.
Adjusted property earnings before interest, taxes, depreciation and amortization at the Hong Kong-listed unit of Las Vegas Sands Corp. increased to $938.1 million from $626.4 million a year earlier, according to the parent company’s earnings statement today. That beat the $937.5 million median of six analysts’ estimates in a Bloomberg News survey.