Summary by Moomoo AI
Las Vegas Sands, known for its iconic integrated resorts, has reported a significant financial turnaround for the year ended December 31, 2023. The company's net revenues soared to $10.37 billion, a 152.4% increase from the previous year's $4.11 billion. This surge was primarily attributed to the lifting of COVID-19 restrictions in Macao and Singapore, which led to a resurgence in visitation and gaming activities. Operating income also reflected this positive trend, with the company reporting $2.31 billion, a stark contrast to the previous year's operating loss of $792 million. Net income from continuing operations stood at $1.43 billion, recovering from a net loss of $1.54 billion in the prior year. The company's strategic business developments included the acquisition of Nassau Coliseum with the intent to...Show More