Business Services Industry
Quarterly Cash Flow Reaches Near-Record for Las Vegas Casino Holding Company.
Knight Ridder/Tribune Business News, August, 2003
By Rod Smith, Las Vegas Review-Journal Knight Ridder/Tribune Business News
Aug. 7--Increased convention business and casino play boosted cash flow at Las Vegas Sands Inc., holding company for The Venetian, to a near-record for the second ...uarter.
Sands President Bill Weidner, in a conference call Wednesday with Wall Street analysts, said room, casino, food and beverage and retail operations all posted strong gains.
"In the second ...uarter, we continued to achieve strong hotel occupancy and average daily room rates from our combination of midweek group and convention business," he said.
The company said adjusted cash flow, or earnings before interest, taxes, depreciation and amortization, increased to $61.5 million, up 37...
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