LV Sands' Financial Figures

The Las Vegas Sands Corp. has announced all of their latest operating results. For the first quarter of 2007, they have already shown a large increase in their hotel revenues, as well as other areas. They were releasing the information because they are looking to start the marketing and syndication of a $5 billion US credit facility.

They announced that their hotel revenues had increased about 7% to bring in $96 million. This is a big increase over the $89.6 million that they brought in same time last year. They said that the Venetian helped a lot with that considering that they were full 99% and that their revenue per room was up from $248 same time last year, to $273 for this quarter.

They said that food and beverage was down, however, from last year. This time last year they were looking at about 8% more than they are this year. Last year’s first quarter showed $43.3 million, whereas this year it is only $40 million. Retail went up 20% from $34.2 million to $41 million this year.

Slot machines were up, showing an increase of about 11%. They brought in $588 million as compared to $529.5 same time last year. Table games were down though, from $363.5 to $353 million. However, table games wins were up from $80.5 million to $103 million. Casino revenues overall were up from $97.1 million to $120 million this year. That is an increase of just around 24%.

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