Las Vegas Sands reports mixed Q4 earnings, with revenue beating estimates but earnings falling short.

Las Vegas Sands (LVS) reported mixed Q4 2024 earnings, with revenue of $2.9 billion slightly beating estimates but adjusted earnings of 54 cents per share falling short of the 58 cents expected. The company's Macao gaming revenue grew 6%, though spend per visitor remained below pre-pandemic levels. LVS plans further expansions in Macao, including The Londoner Grand Casino. In Singapore, Marina Bay Sands showed strong financial results, with 71% growth in mass gaming revenue compared to Q4 2019. Despite a 0.7% year-over-year revenue decline, the company's stock rose 8% in after-hours trading.

2 months ago
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