Las Vegas Sands
Las Vegas Sands
Las Vegas Sands posted a loss in the fiscal fourth quarter of 2009, but it was their Macau casinos that bailed the company out of a loss that could have been much worse. Sands stock dropped on Thursday after the figures were released.

Although figures declined in the fourth quarter, there is much optimism coming from Sheldon Adelson that the company will be posting gains in the upcoming quarters. The Macau operations will only bring more revenue to the company once they complete another casino resort in the area.

For Thursday, Sands stock dropped 8.88%. The closing price was down to $15.91, dipping under $16 for the first time since February 10th. Many analysts believe it will still take another year before gaming stocks fully recover from the economic recession.

In the fourth quarter of 2009, Sands had revenue of $263.7 million at the Las Vegas resorts. The casinos in Macau more than tripled that number, bringing in $952.8 million. Macau's casino industry has blossomed in the past six months, staying as the top casino gambling destination in the world.

Sands had a busy fourth quarter last year. The company first held an initial public offering in Asia that raised over $3.4 billion. They then had a listing on the Hong Kong Stock Exchange. The money raised by the IPO was used to re-start projects that had been stalled by the economy in both Macau and Singapore.

Get $15 Free at the Best New Online Casino!

Lion Slots Casino