Las Vegas Sands Earnings in Focus
Las Vegas Sands Corp. reported its first profitable quarter since 2019, driven by the recovery of travel and tourism markets in Macao and Singapore. Sands executives expressed enthusiasm about the opportunity to welcome more guests back to their properties in 2023 and beyond, particularly in Macao where they see the recovery as being in the early stages. Sands officials believe that the recovery will be particularly good for the company because of its size in the market. They remain deeply committed to making investments that enhance the tourism appeal of Macao, positioning themselves to deliver strong growth as visitation to the market increases and travel and tourism spending recovers.