Las Vegas Sands Q4 Earnings Bolstered By Cost Efficiencies

Las Vegas Sands recently reported its Q4 2015 earnings, which came in line with the street estimates amid continued cost efficiencies. The company outperformed the overall Macau market, which saw a 27% drop in gross gaming revenues during the fourth quarter, as VIP gaming players continued to stay away from the world’s largest gambling hub amid government’s anti-graft measures. Las Vegas Sands’ Macau EBITDA was down only 19% in Q4, which is remarkable given the challenging environment in M...