Headline: Las Vegas Sands' Third Quarter Earnings Fall Short of Expectations

Las Vegas Sands Corp (NYSE:LVS) reported earnings below expectations for the third quarter, influenced by sluggish performance in Macau and Singapore. The company announced earnings per share of $0.44 for the quarter, falling short of the average analyst estimate of $0.53 compiled by LSEG.

The company's operations in Macau were particularly affected by renovation work at The Londoner casino and a decline in revenue per table in Singapore. CEO Robert Goldstein commented on the situation in Macau: "The ongoing recovery in Macau continued throughout the quarter, but visitor numbers remain below pre-pandemic levels."

Nevada-based Las Vegas Sands continues to face challenges at its properties in Macau, including the Venetian Macao, amid a broader slowdown in the growth of its integrated resort and casino business. The pandemic has also witnessed the struggle of Macau's gaming industry to recover, with consumer preferences shifting towards alternative destinations.

The company’s total quarterly revenue fell 4% from the same period last year to $2.68 billion, which also missed analysts' expectations of $2.78 billion. This decline reflects the ongoing challenges faced by the casino operator in key markets.