Las Vegas Sands Stock Soars as Executives Predict China Growth Will Boost Macao Revenue | Global News Avenue

Las Vegas Beach (LVS) Stocks have soared on Thursday, and at the hotel executives and casino operators, they said that due to their strong assets in Macau’s important gambling markets, they are full of confidence in future success.

The former Portuguese colonies in Macau are famous for their many casinos and commemorate their 25th anniversary under Chinese rule. Las Vegas Beach revenue of $ 11.3 billion in 2024 and $ 7.1 billion from its operation in Macau “Special Administrative Region” Like Hong Kong.

CEO Robert Goldstein said at the company’s fourth quarter earning conference call: “We believe that the Chinese economy will also grow and the Macau market will also grow.” More than 30 billion US dollars, and continue to grow. ”

Chinese effect

Company’s numbers Macao Suffer China’s economic growth is slowEssence The world’s largest gambling Macau has produced a total of 226.8 billion Patacas ($ 28.3 billion) in 2024 game revenue. Macao (Macao) generated 29.3 billion Pakas (US $ 36.6 billion) in the 2019 game revenue, but due to its popularity, the number of the following year has dropped sharply and has not fully recovered.

“Will we do better in the stronger Chinese economy? I think this is an easy thing.” Chief operating officer Patrick Dumont said. “But I think, in general, we are very satisfied with our business direction and investment direction. cash flowEssence ”

In the fourth quarter of Las Vegas Beach Capital expenditure Total 547 million US dollars, including $ 345 million in Macau.

“We believe in the strength in this market.” “Therefore, we have been investing here.”

Even if the profit in the fourth quarter was not estimated, investors seemed to have responded positively to the company’s direction. In the past 12 months, the stock is 11 % higher than the positive territory.