Summary by Moomoo AI
On April 17, 2024, Las Vegas Sands Corp., a premier developer and operator of integrated resorts, reported its financial results for the first quarter ending March 31, 2024. The company announced a net revenue of $2.96 billion and a net income of $583 million. The consolidated adjusted property EBITDA reached $1.21 billion, with significant contributions from Macao and Marina Bay Sands properties. Macao's adjusted property EBITDA stood at $610 million, despite a $31 million negative impact due to low hold on rolling play. Conversely, Marina Bay Sands' adjusted property EBITDA was positively impacted by $77 million due to high hold on rolling play, totaling $597 million. Additionally, Las Vegas Sands repurchased approximately $450 million of its common stock. The company's chairman and CEO, Robert G. Goldstein, expressed satisfaction with the...Show More