Moody’s Upgrades LVS’ CFR On Strong Asian Performance

LVS drew the praise of analysts late last month as it reported 41.9 percent year-on-year growth in third quarter adjusted EBITDA to $862.8m on net revenues that rose 26.2 percent to $2.41bn.

LVS’ three Macau properties, operated via its Hong Kong-listed subsidiary Sands China, meanwhile improved their combined adjusted EBITDA 16.1 percent to $388.3m for the quarter, while the Marina Bay Sands integrated resort in Singapore cemented its place as the most profitable casino-resort in the world with adjusted EBITDA up 71.3 percent to $413.9m.

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