Las Vegas Sands Corp.’s fourth-quarter loss narrowed on strong revenue growth in its Macau operations, partially offset by lower Las Vegas revenue, as the company completed two years of red ink. A booming Macau, the world’s largest gaming hub by revenue, is helping to sustain operators including Las Vegas Sands and Wynn Resorts Ltd.
Las Vegas continued to see flat or declining gambling and tourism revenue, while Macau, the Chinese enclave that has delivered most of the industry’s revenue growth since 2002, posted a nearly 65 percent jump in revenue in January. Best known for its Italian-themed Venetian resorts in Las Vegas and Macau, Sands plans to open a casino in Singapore this year.
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