Las Vegas Sands reported that net revenue for the fourth quarter of 2009 rose by 17.5 per cent to $1.28bn, compared to $1.09bn in the same period in 2008.
The company also revealed that adjusted property EBITDA increased 25.5 per cent to $306.2m, compared with $244m a year earlier. Macau adjusted property EBITDA reached a quarterly record of $251.5m, with the Venetian Macao delivering quarterly adjusted property EBITDA of $174.7m and adjusted property EBITDA margin of 30.6 per cent.
"I am pleased to report that we delivered record revenues and EBITDA during the fourth quarter of 2009, led by our properties in Macau, which achieved a record $251.5m in EBITDA," said Sheldon G Adelson, chairman and chief executive officer.
"That performance was driven by healthy gaming volumes in combination with the continued realisation of cost savings from the efficiency initiatives we implemented throughout the year.
"The performance in Macau provides strong momentum as we resume construction activities on our latest integrated resort development in Macau."
