Casino operator Las Vegas Sands quarterly profit rises on Macau, Singapore demand

Las Vegas Sands

22/04/2026 22:11

Corrects adjusted profit to 91 cents per share, not 85 cents per share, in third bullet, drops reference to year-ago comparison for profit

April 22 (Reuters) - Las Vegas Sands LVS.N reported a higher first-quarter profit on Wednesday, driven by strong demand from both its Macau and Singapore businesses, sending the casino operator's shares up more than 2% after the bell.

Gambling revenue from Macau has risen strongly in the quarter, according to government data, partly aided by strong tourist activity due to the Lunar New Year.

The company operates integrated resorts and casinos, such as Marina Bay Sands in Singapore, and six properties in Macau, including The Venetian Macau.

Total revenue from its Singapore operations rose 27.9% to $1.49 billion from a year earlier, while revenue from its Macau operations rose 23.7% to $2.11 billion.

The company reported quarterly adjusted profit of 91 cents per share.

Analysts, on average, expected adjusted profit per share of 78 cents, according to data compiled by LSEG.

Its total quarterly net revenue rose 25.3% to $3.59 billion year over year.

 (Reporting by Anshuman Tripathy and Megavarshini G. Somasundaram in Bengaluru; Editing by Vijay Kishore)

 ((Anshuman.Tripathy@thomsonreuters.com;))