Las Vegas Sands casino posts low fourth-quarter net income

06.02.2008, Lesen Sie hier den Bericht über «Las Vegas Sands casino posts low fourth-quarter net income».

Las Vegas Sands casino posted 65% plunge in the Q4 net income, due to new development.

The world's largest casino company by market value, Las Vegas Sands Corp., said net income dropped 65% to $39.9 million in the fourth quarter, mostly due to expansion in Las Vegas and Macau. Low gambling profit at the Venetian Macao also contributed significantly to the low Q4 numbers. Excluding items, the company reported fQ4 earnings of 20 cents per share, compared with 37 cents per share a year earlier, while the revenue rose to $1.05 billion from $636.3 million. The report fell short of the $1.1 billion in revenue expected by most analysts.

Las Vegas Sands opened the Venetian Macau Casino in August, added the Palazzo Las Vegas in January and is spending $15 billion on additional properties in Macau, Singapore and Pennsylvania. The Venetian Macao generated $500.4 million in revenue in the fourth quarter, its first full quarter of operation.

Über Venetian Hotel & Casino:

Das Venetian Hotel & Casino ist ein Hotel am Las Vegas Strip, das der italienischen Stadt Venedig nachempfunden wurde.

Zu dem 4.049 Suiten umfassenden Hotel gehören ein Casino, der Sands Poker Room, zahlreiche erstklassige preisgekrönte Restaurants, zahlreiche Geschäfte und Boutiquen und das Madame Tussauds-Wachsfigurenkabinett von Las Vegas.

The Venetian is a luxury resort hotel located in the center of the Las Vegas Strip. It is adjacent to the Sands Expo and less than 3 miles from McCarran International Airport. This fantastic, beautiful casino resort is a tribute to Venice itself, with accurate, near-scale replicas of Venetian landmarks and artwork built into the hotel's stunning architecture. With its strikingly beautiful interiors and an indoor canal complete with gondolas, the Venetian inspires awe in those who visit it.

The hotel has many specialty restaurants operated by a who's who of celebrity chefs. For upscale shopping pleasure, the Grande Canal Shops at The Venetian offer more than 50 boutiques along its half-mile long, indoor canal. Gondola rides; complete with a singing gondolier are one of the Venetian's most popular attractions.

Two museums on this resort's premises are another extraordinary feature of the Venetian. Madame Tussaud's Wax Museum makes its U.S. debut at the Venetian, featuring over 100 wax portraits of Vegas' most famous celebrities and sports figures. For a true cultural experience, the Venetian is home to the Guggenheim Las Vegas, housing special art exhibitions in a striking facility.

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