HONG KONG — Las Vegas Sands' Macau unit said Tuesday it more than doubled quarterly profit to nearly 200 million US dollars, after the world's most lucrative gambling hub posted record monthly gaming revenues.
Sands China said it earned 199 million dollars in the third quarter, up from 87 million dollars a year earlier, on revenues of 1.08 billion dollars -- a 27 % year-over-year increase.
The rosy results come a day after rival SJM Holdings, controlled by gambling tycoon Stanley Ho, posted a massive six-fold increase in third-quarter earnings.
SJM said Monday that it earned 867 million Hong Kong dollars (112 million US) compared with 138 million Hong Kong dollars in the third quarter last year.
The company's sales rose 69 % to 14.1 billion Hong Kong dollars, an increase largely credited to growth in its high-roller gaming tables which raked in 9.38 billion Hong Kong dollars during the quarter.
Sands China said it earned 199 million dollars in the third quarter, up from 87 million dollars a year earlier, on revenues of 1.08 billion dollars -- a 27 % year-over-year increase.
The rosy results come a day after rival SJM Holdings, controlled by gambling tycoon Stanley Ho, posted a massive six-fold increase in third-quarter earnings.
SJM said Monday that it earned 867 million Hong Kong dollars (112 million US) compared with 138 million Hong Kong dollars in the third quarter last year.
The company's sales rose 69 % to 14.1 billion Hong Kong dollars, an increase largely credited to growth in its high-roller gaming tables which raked in 9.38 billion Hong Kong dollars during the quarter.
Sands' Macau casino: quarterly profit doubled
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