Casino operator's profits smash analyst expectations as Singapore earnings surge

Earnings generated within the lion city rose 50%, buoying the profitability of Las Vegas Sands Corp.

Bloomberg reports that earnings from Singapore provided the necessary boost for the first quarter earnings of casino operator Las Vegas Sands Corp, enabling it to smash analyst expectations of the company’s expected profitability.

The Las-Vegas based Sands reported that profit rose to $1.04 a share, excluding some items, beating the 85-cent average of analysts’ estimates. Sales grew 17% to $3.58b which exceeded analyst projections of $3.36b.

Earnings generated within the lion city grew 49% whilst the casino’s newly opened attraction in Macau EBITDA rose 26% to $789m, beating analyst expectations of $717.2m average calculated by Consensus Metrix.

Here’s more from Bloomberg: