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Las Vegas Sands Reports 3Q Earnings of $168 Million | Gaming News

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Las Vegas Sands Reports 3Q Earnings of $168 Million
Gaming News

LAS VEGAS -- Casino operator Las Vegas Sands Corp. says it earned $168 million during the third quarter on a record $1.91 billion in revenue with help from strong business in China and a new casino in Singapore.

The company run by billionaire Sheldon Adelson said Wednesday that it earned 21 cents per share, compared with a loss of 19 cents per share, $123 million, a year earlier.

The revenue beat Wall Street's expectations. Analysts on average predicted Las Vegas Sands would earn 23 cents per share on $1.79 billion in revenue.

Sands took in $1.08 billion in the Chinese gambling enclave of Macau and $485.9 million at Marina Bay Sands in Singapore during that property's first full quarter in operation. Sands' revenue in Las Vegas was $290.7 million.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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