Las Vegas Sands reported a revenue increase for the first quarter of the year, totalling $2.76 billion, which marks an 8.6% rise compared to the $2.54 billion generated in the previous quarter. Positive across the board, every reporting segment in different regions saw revenue growth. The largest portion came from its Macau casinos, which generated $1.75 billion, reflecting an increase of 7.7% compared to the same period last year, when it was $1.63 billion.
Additionally, the Venetian complex contributed $686 million in revenue, surpassing both the Plaza and Four Seasons. The company also earned $30 million from ferry services and other activities.
However, there was a downside: despite the revenue growth, Sands reported a decrease in visitors to Macau, with two million fewer arrivals than in the previous quarter, leaving the operator uncertain about the reasons behind this drop. CEO Robert Goldstein warned that if this trend persists, the Macau business could potentially lose up to eight million visitors over the course of the year.
