Las Vegas Sand Corp I AGAINST Shares rose in extended trading on Wednesday after the company reported first-quarter results exceeded analysts’ expectations.

• Sales Q1: $2.12 billion exceeded estimates of $1.82 billion
• Earnings per share Q1: 28 cents beat estimates of 18 cents

Las Vegas Sands said a “robust recovery” in travel and tourism spending was underway in both Macau and Singapore. Macau’s mass gaming revenue hit $1 billion for the first time since 2019.

“We remain motivated by the opportunity to introduce our new Suite product to more customers as air transportation capacity continues to improve and the recovery in travel and tourism spending from China and the wider region continues,” he said Robert GoldsteinChairman and CEO of Las Vegas Sands.

Las Vegas Sands ended the quarter with $6.53 billion in cash on hand. Total outstanding debt excluding finance leases and financed purchases as of March 31 totaled $15.97 billion.

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WMS Price Promotion: Las Vegas Sands Stock were up 3.82% after hours at press time to $61.65 Gasoline Pro.

Photo: courtesy of Las Vegas Sands.