Shortly after the passing of Sheldon Adelson, we now learn that Las Vegas Sands profits fell nearly $2.2 billion last year, thanks in large part to the pandemic and diminishing tourism to Nevada. Room revenue fell almost 73% while food and beverage revenue was down 69%. Earnings from their conventions and retail shops fell 67%. Company revenue fell over 70% last year to just $3.6 billion, which the company said was a direct result of the Novel Coronavirus. Macau profits were the worst hit, where restrictions on travel held the Sands in check for most of the year and resulted…

US operator Caesars Acquisition Company has said that its Caesars Interactive Entertainment business unit was able to achieve “impressive” results during the three months through to March 31. Net revenue generated by the Caesars Interactive division amounted to $176.6 million (€156.2 million) in the first quarter, which represents an increase of 42.2% on the $124.2 million posted in the same period last year. Income from operations rocketed by 666% to $40.6 million while net income from continuing operations also shot up by 992% to $27.3 million. In addition, adjusted earnings before interest, tax, depreciation and amortization (EBITDA) grew by 101.3%…