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Sands China's earnings impress • This Week in Gambling
Reuters – Robust quarterly results from billionaire Sheldon Adelson-owned Sands China propelled shares of most Macau casinos to record highs on Friday, and more gains could lie in store as strong gaming revenue is expected for the month. Sands China posted a nearly 43 percent jump in net revenue to $2.3 billion in the third quarter from a year earlier, sending its shares in Hong Kong surging by as much as 10.8 percent on Friday. The surprise, according to Deutsche Bank analyst Karen Tang, was down to a faster-than-expected increase in margin growth at its Sands China Cotai casino and...
This Week in Gambling