Sands eyes bigger share of Macau gaming market after 52pc net rise
"In Macau, we delivered record financial results with outstanding growth and strong operating momentum reflected in every segment of our business," said Adelson, the chairman and chief executive of the parent firm, Las Vegas Sands.
Sands China, the Macau operation of US casino magnate Sheldon Adelson, is poised to further expand its share of the city's lucrative gaming industry after posting hefty gains in last year's final quarter.
"In Macau, we delivered record financial results with outstanding growth and strong operating momentum reflected in every segment of our business," said Adelson, the chairman and chief executive of the parent firm, Las Vegas Sands.
Hong Kong-listed Sands China reported yesterday a 52.3 per cent jump in fourth-quarter net income from a year earlier to US$467 million, as it welcomed a record 11 million visitors to its properties on the Cotai Strip.
Revenue grew 48.1 per cent to US$1.97 billion as the number of mass-market customers and high-rolling VIPs surged, a sign of an improving economy on the mainland, the source of most visitors to Macau's casinos.
Sands China's share price advanced 0.26 per cent to a record closing high of HK$39.10.
