Las Vegas Sands Macau mass market win best since 2014

Casino operator Las Vegas Sands saw its Q4 profits as its mass market tables had their best quarter since 2014.

Figures released Wednesday show Sands revenue rising 11.7% to $3.44b in the three months ending December 31, while operating income shot up 53.5% to $1.36b and net income soared nearly 138% to $1.21b (although $526m of this gain was attributed to a one-time, non-cash benefit thanks to the new US tax bill).

For the year as a whole, revenue totaled $12.9b compared to just $8.8b in 2016, while operating income rose 39% to $3.46b and net income rose 68% to $2.81b.

Sands CEO Sheldon Adelson – who joked on the analyst call that his middle initial no longer stood for Gary but Growth, “so I’m now Sheldon ‘Growth’ Adelson” – said he was “extremely pleased” by the performance, which allowed the company to boost its quarterly ‘yay’ dividends while also repurchasing $75m worth of Sands stock.