Sands Macau off to roaring start

reviewjournal.com -- Business: GAMBLING BEYOND NEVADA: Sands Macau off to roarin...: "The casino posted net income for the two months ended July 31 of $36.9 million and earnings before interest, taxes, depreciation and amortization, or cash flow, of $41.2 million, based on a table drop of $608.2 million, the $350 million stock registration statement the Las Vegas Sands holding company filed Sept. 3 shows. Total drop is the amount wagered and lost at table games and slot machines. Joe Greff, gaming analyst at Fulcrum Global Partners, an independent Wall Street investment research firm, said the early financial results suggest the company, which also owns The Venetian, will generate enough profit in the first 12 months to pay off its entire initial investment in Macau. 'That's just unheard of in the U.S. or any other North American gaming market -- and that didn't include the high-end areas and reflected inexperienced dealers and typical startup difficulties,' he said. The $240 million Sands Macau is owned by Sheldon Adelson's Las Vegas Sands and has 319 table games, 600 slot machines, 18 restaurants, bars and entertainment venues near the ferry terminal in former Portuguese colony."