Las Vegas Sands reported their first quarter results and as many could have guessed, they lost a little money this time around - looks like $87 million.
Categories: Business of Gaming, Las Vegas Strip, Macau Casinos and Hotels, Palazzo, Venetian/LV Sands
Tags: lasvegas, lasvegassands, macau, vegas
Does anyone know if ADR can include additional revenue like taxes, minibar, roomservice, inroom movies, etc... Palazzo's ADR was $221 which seems awfully high with all the discounts.
Also, how do they count the avg # of table games? They list Palazzo with 132. I don't think they even have 80 total tables including high limit and private gaming rooms.
I also did not realize Sands Macau is higher end than the Venetian (at least based on revenue and room rates)
Sands Macao was never really a hotel. They added a very limited number of rooms for VIPs.
They added a 24-floor, 289 room tower in 2007.
Parchedearth, I'm guessing only lodging revenue, not ancillary revenues. Hard Rock's report includes comped rooms which lowers ADR. I don't know about LVS. See page 19 of the following for Hard Rock's definition:
Hi.... Hotel Operations Manager here, NO, ADR cannot include such other amenities and services such as movies, internet, etc. It can only include the room rate. More importantly, RevPar (which is all hotel revenue off room divided by hotel rooms of the property is more of a number we look at in the industry. Does this help?
You have to remember, the Palazzo may only have say 500 rooms sold for one evening at a group rate of 250.00 .......or sell 1 room at 500.00 and their ADR would be 500.00.
Hotel Operations Manager
Hopefully this bleeding will stop soon so Vegas can back to being what it used to be.
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