Sands Corporation Reports Record Third Quarter Revenue with Casino Revenue Increase

Sands Corporation Reports Record Third Quarter Revenue with Casino Revenue Increase

Sands Corporation, one of the world’s leading casino and hospitality companies, recently reported record third quarter revenue of $3.2 billion, a 7.5% increase from the same period last year. The company attributed the increase in revenue to a strong performance in its casino operations, which saw a 10.2% increase in revenue compared to the same period last year.

The company’s casino operations are a major contributor to its overall success, accounting for nearly half of its total revenue. Sands Corporation operates casinos in Las Vegas, Macau, Singapore, and Bethlehem, Pennsylvania, among other locations. The company’s Las Vegas properties, which include The Venetian and The Palazzo, saw a 13.2% increase in revenue compared to the same period last year.

The company’s Macau properties, which include the Sands Macao and the Venetian Macao, saw a 6.7% increase in revenue compared to the same period last year. This is due in part to the Chinese government’s decision to relax travel restrictions to Macau, which has allowed more people to visit the city and gamble at Sands Corporation’s casinos.

The company’s Singapore property, Marina Bay Sands, also saw an increase in revenue compared to the same period last year. This is due in part to the city-state’s continued efforts to attract more tourists and business travelers.

The company’s Bethlehem, Pennsylvania property saw a 4.3% increase in revenue compared to the same period last year. This is due in part to the popularity of the property’s gaming and entertainment offerings, which include a casino, hotel, spa, and shopping center.

Overall, Sands Corporation’s strong performance in its casino operations has helped the company achieve record third quarter revenue. The company’s success is due in part to its strategic investments in its properties around the world, as well as its ability to capitalize on new opportunities in the gaming and hospitality industry.