Las Vegas Sands' quarterly profit rises on strong Macau demand
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Las Vegas Sands reported a fourth-quarter profit increase, driven by strong demand from its Macau operations. The company's profit rose to 58 cents per share, up from 45 cents a year ago, with total revenue from Macau increasing by 16.2% to $2.06 billion. Overall quarterly revenue grew by 26% to $3.6 billion, surpassing analysts' expectations of $3.3 billion. CEO Robert Goldstein highlighted the company's investments in Macau as key to future growth.
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