Profit rise allows Las Vegas Sand Corps to topple USD 11 billion in 2012

There was a decline in the overall revenues of the Las Vegas Sand Corps. This was one of the minor arrears on the balance sheet of the casino giant in the fourth quarter. However, if you look from the perspective of Rob Goldstein, who is the president of Las Vegas Sands when it comes to global gaming operations, this was not even a blip.

According to the balance sheet produced by the firm, they produced over USD 400 million in cash flow, during a 3-month period, which ended on December 31, 2012.

While speaking to the press alongside company’s analysts, Goldstein said, “You cannot say that USD 400 million is a negligible figure. Rather, this figure has made it a damn good quarter for us.” And there was no one in the crowd present in the conference, who could argue him over this.

The rise in profit over the fourth quarter allowed the firm to crack the USD 11 billion mark, when it comes to the 2012 revenue.

The officials of the casino also said that the overall net income of USD 434.8 million was close to 36 percent hike from its net income reported in the same quarter in previous year.

There was also an increase in the net revenue of the company, as it reported a rise by 21 percent finishing with USD 3.08 billion compared to the previous year’s USD 2.54 billion.

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