LOS ANGELES (Jan 25): Las Vegas Sands Corp.’s big bet on Macau continues to pay off.
The world’s largest casino operator, which opened the US$2.9 billion Parisian in the Chinese enclave in 2016, reported sales and profit Wednesday that handily beat Wall Street estimates. Sands, based in Las Vegas, has invested more than any other operator in the only place in China where casino gambling is legal, and billionaire founder Sheldon Adelson is planning to spend an additional US$1.1 billion remodeling the Sands Cotai Central there.
