http://goodtoknow.com//index.php?action=history&feed=atom&title=Las_Vegas_Sands_Misses_Street_Estimates_Sees_Recovery 2026-07-03T01:26:38Z Revision history for this page on the wiki MediaWiki 1.35.2 http://goodtoknow.com//index.php?title=Las_Vegas_Sands_Misses_Street_Estimates_Sees_Recovery&diff=3731&oldid=prev 2023-01-30T03:40:00Z

<p>Created page with &quot;By [https://www.groundreport.com/?s=Doyinsola Doyinsola] Oladipo&lt;br&gt; NEW YORK, [https://bit.ly/deneme-bonusu-giris bit.ly] Jan 25 (Reuters) - Las Vegas Sands Corp on Wednesda...&quot;</p> <p><b>New page</b></p><div>By [https://www.groundreport.com/?s=Doyinsola Doyinsola] Oladipo&lt;br&gt; NEW YORK, [https://bit.ly/deneme-bonusu-giris bit.ly] Jan 25 (Reuters) - Las Vegas Sands Corp on Wednesday reported quarterly results that fell short of Wall Street estimates, but the casino operator expects a broad recovery, including at its property in Macau.&lt;br&gt; The Las Vegas-based casino said it saw a return of traffic to locations following the Lunar New Year as well as an increase in spending per customer compared to 2019 levels.&lt;br&gt;&lt;br&gt;Macau saw 71,000 visitors on Monday, the highest single day since the pandemic.&lt;br&gt; Shares of the company rose 5.4% in trading after the bell.&lt;br&gt; Retail was a bright spot, with a 26% increase in tenant sales per square foot versus 2019.&lt;br&gt; &quot;They're spending in retail, they're spending in gambling,&quot; said Las Vegas Sands Chief Executive Robert Goldstein on an investor call.&lt;br&gt;&quot;The most aggressive gamers and retail spenders show up first and we're seeing that strongly in Macau,&quot; he added.&lt;br&gt; The casino operator is looking to return to the U.S. market after closing its Las Vegas properties in 2021 to focus on its Asian operations.&lt;br&gt;&lt;br&gt;It announced plans to pursue a casino project on Long Island, New York this month, but some are skeptical.&lt;br&gt; &quot;They wanted to focus on Asia and we agreed with that,&quot; said Morning Star Senior Equity Analyst, Dan Wasiolek, adding that a U.S.&lt;br&gt;operation may be less profitable for the [https://en.wikipedia.org/wiki/Company company].&lt;br&gt; &quot;I'm interested to hear if it meets their 15-20% historic return on investment hurdle,&quot; he added.&lt;br&gt; &quot;For the winning bidders, it's going to be an amazing opportunity,&quot; said Goldstein, adding that they plan to invest $4 to $5 billion dollars in the project.&lt;br&gt; Las Vegas Sands posted an adjusted fourth-quarter loss of 19 cents per share missing analysts' expectations for a loss of 9 cents a share, according to Refinitiv data.&lt;br&gt; The casino operator's revenue rose to $1.12 billion in the fourth quarter from $1.01 billion a year earlier, but missed analysts' average estimate of $1.18 billion. (Reporting by Doyinsola Oladipo in New York; Editing by Anna Driver)&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;If you beloved this article and you would like to obtain extra info concerning [https://bit.ly/deneme-bonusu-giris deneme bonusu] kindly go to our web-page.</div>

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