Earnings Preview: Las Vegas Sands Corp.

Las Vegas Sands Corp., the world's second-largest casino company by revenue, reports its third-quarter results after the stock market closes Wednesday.

WHAT TO WATCH FOR: Results in Asia, where the company's Marina Bay Sands resort in Singapore had its first full quarter. Sands, led by billionaire CEO Sheldon Adelson, also has resorts in the Chinese gambling enclave of Macau and plans to expand there.

Investors will also want an update in Las Vegas, where Sands owns the Venetian and Palazzo resorts on the Las Vegas Strip, to see whether things have improved or gotten worse in a destination reeling as consumers have cut back on free-spending gambling getaways.

Sands on Monday announced a licensing deal with InterContinental Hotels Group that gives Sands access to a database of 52 million customers and lets loyal visitors to Holiday Inn, Crowne Plaza and other InterContinental hotels earn and redeem points at Sands' properties on the Strip.

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Earnings Preview: Las Vegas Sands Corp.
Earnings Preview: Las Vegas Sands Corp.
Reviewed by Merlyn Rosell
Published :
Rating : 4.5