Las Vegas Sands reported their Q1 2007 results today and while net revenues were up, net income was down due to expenses on upcoming resort properties.
This is getting kinda repetitive - LVS seems to post solid numbers every quarter. They're like Microsoft - making tons of money and totally boring at the same time.
Revenue: $628.2 million
Net Income: $114.60 million
The ADR at the Venetian was up and occupancy was over 98%. Not too shabby.
Macau casino revenue was up. They don't really have any room product to report in Macau yet.