Las Vegas Sands generates $13.74bn in 2019 revenue

January 30, 2020
By

Las Vegas Sands made consolidated net revenue of $13.74bn for 2019, a minute year-on-year increase from the $13.73bn it generated for 2018.

This was virtually flat in terms of growth, although net income rose 12% to $3.3bn.

The casino operator, which runs properties in the US and Asia, also posted adjusted property EBITDA of $5.39bn, another marginal increase from 2018’s $5.28bn.

Q4 revenue growth was similarly flat, up just 1% to $3.51bn, while the quarter’s operating income increased 7% to $934m for Las Vegas Sands.

Net income increased to $783m, compared to a net loss of $40m for the corresponding quarter, with consolidated adjusted property EBITDA up 9% to $1.39bn.

Adjusted property EBITDA stood at $811m in Macau and $457m at the Marina Bay Sands in Singapore; adjusted property EBITDA was $120m for the operator’s Las Vegas properties.

Sheldon Adelson, Las Vegas Sands Chairman and CEO, said: "We delivered solid financial results in the quarter.

"We remain enthusiastic about our future growth opportunities in Asia. We are also aggressively pursuing additional development opportunities in new markets, including in Japan.

"Finally, we remain deeply committed to maintaining our industry-leading financial strength while continuing to increase the return of capital to shareholders."

Adelson also confirmed the company’s annual dividend for 2020 will increase to $3.16 per share, or $0.79 per share per quarter.

Las Vegas Sands’ share price stood at $64.70 after its financial report, although this was down from the previous week, when it reached as high as $69.55.

State-by-State

Product Spotlight

CasinoTrac

CasinoTrac is reducing handpay downtime by nearly 90% with SlotSUITE's Self-Pay & W-2 G printing at the slot machine.
GA HUDDLE #086

Michael Hershman - Dispelling casino 'myths:' New York needs to lose fear of the unknown

Michael Hershman, CEO of the Soloviev Group, joins Tim Poole on the Huddle to put forward his case that the Freedom Plaza is the way to go for one of New York's casino licences. He fields a variety of questions - not shying away from any of them - on why 'myths' about casinos and a fear of the unknown should be dispelled, as well as acknowledging the strength of rival bids and discussing opposition to the project.
GA HUDDLE #085

Christian Smith - Slot machines a "beautiful intersection of psychology and mathematics"

Bluberi's Christian Smith speaks to Gaming America in an enlightening Huddle. Topics include: the 'Australification' of US gambling, the blending of psychology and mathematics, and the rising trend of three-pot fillers.

As the Tribal gaming sector congregates once more in the Golden State, is it too cliché of me to suggest we are heading for a golden era of Tribal gaming? With the industry set to meet at the Indian Gaming Association t...

10-11-From-the-top
From The Top: Will youth be served by Sports Betting?
Two recent interviews in our Huddle podcast revealed to Las Vegas correspondent Brian Joseph just how young sports betting entrepreneurs are becoming.
12-GA-MAR-10-year-v2
The Global Gaming Awards: Rewarding Excellence
The 10th edition of the Global Gaming Awards took place in Las Vegas last year. Gaming America looks back... and ahead to this year's.
16-18-IGA-Preview
Preview: Indian Gaming Tradeshow & Convention
Gaming America looks ahead to the 2024 Indian Gaming Tradeshow & Convention and what attendees can expect when they arrive at the Anaheim Convention Centre.
20-22-GA-Mar-888-Holding-article
888 and the US Market: A cautionary tale
Gaming America explores the risk of resting on your laurels and the challenge of remaining relevant in a rapidly expanding market.