“We delivered solid financial results in the quarter, with hold-normalized Adjusted Property EBITDA reaching nearly US$1.3bn,” said Sheldon Adelson, Chairman and CEO.
“We remain enthusiastic about our future growth opportunities in Asia, which will be enhanced through the introduction of our Four Seasons Tower Suites Macao later this year, the Londoner Macao throughout 2020 and 2021 and the expansion of Marina Bay Sands in Singapore thereafter,” he added.
“We are also aggressively pursuing additional development opportunities in new markets, including in Osaka, Japan. Finally, we remain deeply committed to maintaining our industry-leading financial strength while continuing to return capital to shareholders,” Adelson also commented.
The company paid a recurring quarterly dividend of US$0.77 per common share and increased its return of capital through share repurchases of US$180m during the quarter. Its next quarterly dividend of US$0.77 per common share will be paid on September 26, 2019, to Las Vegas Sands shareholders of record on September 18, 2019.
Source: GMB
