Sands Reports Slot Machine and Gambling Results

The Las Vegas Sands is pleased to announce their fourth quarter earnings, as well as their figures for the year ended December 31 of last year. The company is looking at revenues in excess of $2.24 billion – which is an increase of 28.5%. Much of that revenue has to do with the popularity of the Sands Macau and the Venetian.

The Sands Macau brought in $458 million for the year, and $244.3 million for the final quarter. The Venetian brought in $373.5 million and $134.1 million for those same time periods. EBITDAR brought in $831.5 million for the year and $244.3 million for the final quarter.

Using generally accepted accounting principles, they found that the consolidated operating income was $574.1 million for the year and $166.3 for fourth quarter. The Sands Macau was $413 million and $99.4 million, and the Venetian was $289.9 million and $111.8 million for those same time periods.

The company feels that much of their success had to do with their foray into the Cotai Strip, and their part in the creation of Asia’s Las Vegas. They are also creating resorts in the People’s Republic of China and Las Vegas. They also won the right to expand their “business model” both nationally and internationally. They expect that the new casinos that they are building in Bethlehem, PA and Singapore will only add to their bottom line.

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