Las Vegas Sands Corp

LVS: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Las Vegas Sands Earnings: Singapore Investments Produce Stellar Results, but Macao Is More Mixed

Dan Wasiolek

Jul 24, 2025

Las Vegas Sands' second-quarter total revenue grew by 15%, led by a 37% increase in Singapore, with Macao up just 2.5%. Consolidated EBITDA margins rose to 42% from 38.9% off the back of a stout 55.3% margin in Singapore, with Macao's margin dropping to 31.5% from 32% on higher promotions.

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Las Vegas Sands Corp

Las Vegas Sands Earnings: Singapore Investments Produce Stellar Results, but Macao Is More Mixed

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