International edition
June 15, 2021

Gambling revenue in Macau reached a high of us$ 1.8 billion in January

Sands China says 2009 net profit up 22 %

(Macau).- Sands China, the world's most valuable casino operator by market capitalization, said its 2009 net profit rose 22 % from a year earlier, driven by a surge in gambling revenue in Macau.

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he company said net profit for the year ended December rose to us$ 213.8 million, compared with us$ 175.7 million a year ago and a consensus forecast of us$ 219.6 million from seven analysts polled by Thomson Reuters I/B/E/S.

Sands, 70-%-owned by Las Vegas Sands, said net revenues rose 8.1 % to us$ 3.3 billion last year. The casino operator run by billionaire Sheldon Adelson owns two casinos in Macau, including the Venetian Macau, the world's largest.

Gambling revenue in Macau reached a high of us$ 1.8 billion in January, signaling sustained growth in the world's largest gambling market and the only place in China where gambling is legal.

On February 25, Wynn Macau reported a near doubling of fourth-quarter earnings before interest, taxes, depreciation and amortization (EBITDA) to us$ 142 million, beating analysts' expectations.

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