Las Vegas Sands bullish about Sands Cotai Central

2014-3-14

From：Macau Business

Las Vegas Sands Corp has told JP Morgan that it expects its Sands Cotai Central casino-resort’s earnings before interest, tax, depreciation and amortisation to keep growing, Barron’s Online reports.

JP Morgan says Las Vegas Sands does not necessarily expect EBITDA from Sands Cotai Central to reach the levels of EBITDA from its Venetian Macao casino-resort, because the Venetian Macao has more gaming tables and its retailing business is “extremely successful”.

Las Vegas Sands is a parent company of Sands China Ltd.

The investment bank says Wynn Resorts Ltd expects its Cotai casino-resort to open on schedule early in 2016.

MGM Resorts International expects to have between 9 percent and 11 percent of the Macau gaming market this year, JP Morgan says.

Copyright@Macau Business