Sands Corp. Profits Tumble In Second Quarter
LAS VEGAS (AP) — Las Vegas Sands Corp. says its second-quarter profit tumbled by 35 percent as the casino operator’s table game winnings fell at home and in Asia.
The company says that net income fell to $240.6 million, or 29 cents per share, from $367.6 million, or 45 cents per share, a year earlier.
Chairman and CEO Sheldon Adelson says the results didn’t meet his expectations because of the lower take from table games, higher legal expenses and other factors.
Copyright 2012 The Associated Press.