Tag: Casino China
Sands China Profit Triples
July 28, 2013
From Business Week – Sands China Ltd. (1928), the Macau casino operator controlled by billionaire Sheldon Adelson, said second-quarter profit more than tripled as it added gambling tables and hotel rooms to draw more visitors. Net income for the Hong Kong-listed unit of Las Vegas Sands Corp. increased to $487.6 million from $160.5 million a year earlier, according to its parent’s filing in U.S. GAAP standard today. Revenue climbed 40 percent to $2.07 billion from $1.48 billion. Sands China, Galaxy Entertainment Group Ltd. (27) and Melco Crown Entertainment Ltd. (MPEL:US) have been expanding on the Cotai Strip, a piece of…