The company said net revenues for the 3 months ended September 30, 2024 were $2.68 billion, compared with $2.80 billion a year earlier, a decrease of $113 million. Operating income was $504 million (versus $688 million a year earlier), and net income was $353 million (versus $449 million a year earlier).

1. 01

   The company said net revenues for the 3 months ended September 30, 2024 were $2.68 billion, compared with $2.80 billion a year earlier, a decrease of $113 million. Operating income was $504 million (versus $688 million a year earlier), and net income was $353 million (versus $449 million a year earlier).

2. 02

   Las Vegas Sands said net casino revenues decreased $72 million for Q3. It said the decline was $98 million at Marina Bay Sands, partly offset by an increase of $26 million at its Macao operations. The company attributed the Marina Bay Sands decrease to lower Rolling Chip volume and win percentage.

3. 03

   The company said operating expenses for Q3 were $2.18 billion, an increase of $71 million from a year earlier. Income tax expense was $50 million, and the effective income tax rate, based on income before income taxes of $403 million, was 12.4%, compared with 21.4% a year earlier.

4. 04

   As of September 30, 2024, Las Vegas Sands said it had unrestricted cash and cash equivalents of $4.21 billion and available borrowing capacity of $1.50 billion under the 2024 LVSC Revolving Facility, $2.51 billion under the 2024 SCL Revolving Facility and $460 million under the 2012 Singapore Revolving Facility.

Key figures

Quarter ended September 30, 2024

Revenue

$2.7B

Operating income

$504M

Net income

$275M

EPS

$0.38

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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