Asian Casinos A Boon For Las Vegas Sands

Booming Asian Casinos Drive Las Vegas Sands Profits

Las Vegas Sands reported a Q3 revenue of $2.8 billion, beating analyst estimates, and saw strong growth in Asia particularly from the Marina Bay Sands in Singapore and properties in Macau.
The high profitability of Asian casinos is driving growth for Las Vegas Sands, with the company's Asian properties drawing in the bulk of its revenue.
Las Vegas Sands is undergoing expansions at Marina Bay Sands and in Macau, illustrating the company's continued investment and belief in the growing Asian market.
As the Covid-19 recovery accelerates, Las Vegas Sands announced a $2 billion share repurchase plan through 2025, demonstrating a shift in capital-return strategies to shareholders.
Las Vegas Sands is also proposing for a gaming license in New York, indicating the company's intent to establish a $5 billion casino resort in Nassau County on Long Island.