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Las Vegas Sands Doubles 3Q Profit to $353.6M

Las Vegas Sands Doubles 3Q Profit to $353.6M

 

Casino-resort developer and operator Las Vegas Sands Corp. said Thursday that its third-quarter net income doubled from a year earlier as it kept a tight rein on operating expenses.

A 26.2 percent increase in revenue also helped -- including a 63 percent jump in Singapore, the company said. Sands generates roughly 83 percent of its revenue in Asia and the rest in the United States.

The company's billionaire CEO, Sheldon Adelson, said the Marina Bay Sands casino in Singapore would have been even more profitable had it not gotten somewhat unlucky -- it won slightly less from gamblers than expected, given the amount customers wagered.

Sands' net income rose to $353.6 million, or 44 cents per share, from $168 million, or 21 cents per share, and its revenue rose to $2.41 billion from $1.9 billion.

"I like them apples," Adelson said during a conference call with analysts.

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Free Mystere Acts Hit Fashion Show Friday

Free Mystere Acts Hit Fashion Show Friday

 

Stalwart Cirque du Soleil production Mystère will offer a free set of short performances Friday afternoon at Fashion Show.

Performances and activities begin at 1 pm inside Fashion Show, located on the first floor runway between Saks Fifth Avenue and Nordstrom. Fashion Show is located at 3200 Las Vegas Boulevard South at Spring Mountain Road.

Hosted by Mystère characters, the performances from four different acts will take place on and above the stage. In between acts, guests will have the chance to get up close to characters for souvenir photos, and face-painters will be on hand for a Cirque du Soleil-inspired makeover.

Attendees will also have the chance to enter to win two tickets to Mystère, dinner for two at Isla Mexican Kitchen & Tequila Bar, and a one-night stay at Treasure Island.You must be 21 to enter the contest and some restrictions apply.

 

Critic: Ice Baby, Ice!

Critic: Ice Baby, Ice!

Restaurant critic John Curtas shows the newest way to get a cold beverage at a Strip bar.

The ice comes from Iceland. (How appropriate!) It goes into a very heavy, very cool ice press at the bar at Le Cirque. Gravity and evaporation do their work, and within a couple of minutes: prest-O! change-O! you have a perfect sphere of super cold ice, ready to go into whatever expensive whiskey has just been ordered.

Read more in Eating Las Vegas.

 

Sin City Speedway Opens with New Racing Series

Sin City Speedway Opens with New Racing Series

Speedway motorcycle racing is coming back to Las Vegas for only the second time.

The Carter Power Sports Speedway Series starts Saturday at the new Sin City Speedway. The speedway is at the Sports Park near Sunset Road and Las Vegas Boulevard. This type of racing is big in Europe, but in America its popularity is mostly confined to California.

“The bikes are so lightweight, 160-pound bike, and it is a 500 cc motor, so the speed can be related to a Formula One car. So, basically you are going from zero to 60 in about two-and-half seconds,” driver and promoter Nate Perkins said.

The promoters of the new speedway series hope to get more people interested by adding betting to the sport. Each race lasts four laps, and much like dog or horse racing, the promoters hope gamblers will place bets on each race.

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Giant Truffle Bought by Strip Eatery

Giant Truffle Bought by Strip Eatery

 

A Strip restaurant just paid a high price for a fabulous fungus.

Restaurant Guy Savoy at Caesars Palace paid more than $5,000 for a 1.16-pound white truffle. The truffle was found by a 15-year-old boy in Piedmont, Italy. The young man was training with his father and his dog, when he spotted the truffle near a hazel tree. The restaurant says it can make 100 white truffle risotto dishes with the huge fungus.

Anyone who wants to try to the dishes made with the enormous truffle can get a reservation for dinner at Restaurant Guy Savoy. The eatery is open from 5:30 p.m. to 9:30 p.m., Wednesdays through Sundays. The restaurant specializes in seasonal dishes like the one featuring the white truffle.

For reservations, please visit www.caesarspalace.com or call 702.731.SAVOY.   

Wynn Resorts Earns $127M in 3rd Quarter

Wynn Resorts Earns $127M in 3rd Quarter

 

Casino operator Wynn Resorts Ltd., said Wednesday that its third-quarter net income was $127.1 million, compared with a loss of $33.5 million a year earlier.

But its adjusted results fell short of Wall Street forecasts, and Wynn's shares fell more than 5 percent after hours.

The company led by billionaire Chief Executive Steve Wynn credited a busy period in Macau, which is the world's top gambling market and was the source of three-quarters of the company's revenue. Revenue in Macau climbed 41.7 percent to $951.4 million.

"Our bottom line keeps climbing," Wynn told investors on a conference call.

Vegas September Airport Traffic Jumps 8.7 Percent

LAS VEGAS  -- McCarran International Airport in Las Vegas saw an increase of nearly 285,000 passengers in September compared with the same month last year.

Officials reported Tuesday that 3.6 million people passed through the airport last month. That was up 8.7 percent from September 2010.

A total of 31.2 million passengers used McCarran during the first nine months this year -- up 4.5 percent from the 30 million who passed through the airport during the same period in 2010. Southwest, American, and US Airways all reported handling more passengers in September than a year earlier. Delta and United handled fewer passengers.

(Copyright 2011 by The Associated Press. All Rights Reserved.)