Las Vegas Sands Profit Jumps To $320.1M In 4Q

Published February 1, 2012 9:45PM (EST)

LAS VEGAS (AP) — Casino operator Las Vegas Sands says it earned $320.1 million during the fourth quarter as the company set an internal record for revenue, thanks mainly to more people gambling at its resorts in Macau and Singapore.

Sands' net income of $320 million, or 39 cents per share, was 17.2 percent higher than a year earlier, while its revenue rose 26.3 percent to $2.54 billion.

Sands billionaire CEO Sheldon Adelson has made headlines recently for his and his wife's combined donation of $10 million to a political action committee supporting GOP presidential candidate Newt Gingrich.

The company reported adjusted earnings of 57 cents per share, in line with an average forecast from analysts.

Sands declared an annual dividend of $1 per share to be paid in four parts, starting March 30.

By Salon Staff

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