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Sands China 2009 Earnings Rise 21.7%

Written By Trading Forex News on Monday, March 1, 2010 | 11:50 PM

Sands China , which began trading in Hong Kong on Nov. 30 after raising $3.1 billion in an initial public offering, said its 2009 profit was $213.8 million, an increase of 21.7% from $175.7 million in 2008.

Sands China's parent company is casino operator Las Vegas Sands.

Sands China said net revenue in 2009 rose 8.1% to $3.3 billion as casino revenue increased as Asian economies recovered, and visa restrictions were loosened for mainland China residents.

Net casino revenue rose 8.2% to $2.89 billion.

Sands China is the second-largest casino operator in Macau, the world's biggest gaming hub. Sands China said it had more than 35 million visitors in 2009.

Reported by Joseph Woelfel in New York.

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