The Las Vegas Sands Corporation have released their 2nd quarter results for 2019, which show a net revenue was $3.33 billion, a figure that missed the projected forecast of $3.42 for the period.
Sheldon G. Adelson, the Chairman and Chief Executive Officer of the Las Vegas Sands Corporation, commenting on the latest set of figures released, said: “We delivered solid financial results in the quarter, with hold-normalized Adjusted Property EBITDA reaching nearly $1.3 billion.”
“We remain enthusiastic about our future growth opportunities in Asia, which will be enhanced through the introduction of our Four Seasons Tower Suites Macao later this year, the Londoner Macao throughout 2020 and 2021 and the expansion of Marina Bay Sands in Singapore thereafter.”
“We are also aggressively pursuing additional development opportunities in new markets, including in Osaka, Japan. Finally, we remain deeply committed to maintaining our industry-leading financial strength while continuing to return capital to shareholders.”
The group which is listed on the New York Stock Exchange have seen their share price increase by 25% since the beginning of the year. Whilst, missing their projections in quarter 2 for 2019, the company remain bullish for their prospects for the remainder of the year.
