Summary by Moomoo AI
Las Vegas Sands Corp. (LVS), a leading global developer of destination properties, reported a solid financial performance for the quarter ended June 30, 2024. Net revenues increased to $2.76 billion, up 8.6% from $2.54 billion in the same period last year. Operating income rose to $591 million from $537 million, while net income grew to $424 million from $368 million. The company's Macao operations saw a 52.9% increase in visitation from mainland China and a 41.9% rise in gross gaming revenue. Singapore's Marina Bay Sands also experienced positive trends with a 22% increase in passengers at Changi Airport and an 8.2 million visitation count, up from 6.3 million. LVS highlighted a strong balance sheet with $4.71 billion in unrestricted cash and significant borrowing capacity. The company is progressing with major construction projects and...Show More
