Las Vegas Sands corporation has announced it’s profit figures for the fourth quarter of 2009. The total damage has been posted at $113.9 million which actually is a welcomed figure of 2008’s dismal figure of $136.5 million. Much of the losses have been blamed by the recession. The US is still only beginning to recover with Las Vegas, a luxury gaming market really feeling the punch of it all.
The good news to come out of all this is that the Macau end of town performed relatively well for Sands. An ever growing Chinese economy meant that the casinos were able to ride a wave of eager Chinese gamblers, often helped by limited relaxing of visa restrictions. The Macau properties include the Venetian Macau, Sands Macau and Plaza Casino with fourth quarter revenue at $952.8 million, almost four times of the Vegas properties of $263.7 million.
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