Mon, May 28, 2012, 7:14 PM EDT - U.S. Markets closed for Memorial Day

Summary Box: Las Vegas Sands earns $320.1M in 4Q

Summary Box: Casino developer Las Vegas Sands Corp. earns $320.1 million in 4th quarter

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LAS VEGAS (AP) -- RESULTS: Fourth-quarter net income for Las Vegas Sands Corp. rose 17 percent to $320.1 million as the company set an internal record for revenue.

BY REGION: The company can thank gamblers in Asia for most of its revenue. Quarterly revenue from Sands China increased 22 percent to $1.33 billion; from Singapore rose 44 percent to $806.9 million; from Las Vegas by 9.3 percent to $339.5 million; and from Sands in Bethlehem, Pa., by 25.9 percent to $105 million.

THE PROSPECT: CEO Sheldon Adelson said Sands hopes to buy more land in Singapore and expand its casino there to add up to 1,500 rooms. He's also seriously considering developments in Japan, Korea, Taiwan and Vietnam.

 

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