|
LAS VEGAS (AP) - Las Vegas Sands Corp., the casino company run by billionaire Sheldon Adelson, said Wednesday its net profit for the first quarter fell 25 percent from a year ago, saying expenses increased due to planned casino openings in Macau, Singapore and the United States.
Net income dropped to $90.9 million, or 26 cents per share, compared to $121.8 million, or 34 cents a share, a year ago. Revenue grew 18.5 percent to $628.2 million.
After excluding one-time items, adjusted net income for the quarter ended March 31 was 32 cents per share, down from 38 cents a share a year earlier.
|
|