While LVS is certainly performing much better than this time last year they are not doing as well as expected and could not report extremely positive 1st quarter results for this year. The company did have quite a success in Macau but the situation in Las Vegas was still not as good as the company projections would like it to be.

The company that is headed by Sheldon Adelson has been through many ups and downs through recent times but with the newly developed and completed project in China they believed that they would have results that are over the estimates. The hope is that the company will push through the end of this recession and end up on top.

The properties that are not within the US are doing quite well but the staple hotels and casinos located in Las Vegas are bringing the company down. However, it is important to note that when these hotels are at their best they bring in the majority of the income and it is only fair to take the good with the bad.

It is not as if the LVS group of casinos and hotels within the US are the ones that are performing badly and the other hotel and casino companies are doing well. It is fair to say that the entertainment and spending on travel industries have all suffered immensely and all that is really left to do is consolidate spending as much as possible and try to run the more efficient type of business while waiting for the economy to fully recover so that better numbers can be reported.

This entry was posted on Wednesday, February 17th, 2010 at 2:16 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.