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Earnings Calls: 
Las Vegas Sands Earnings Call, Second Quarter 2008
Author: Godwin Gwetu
123jump.com
Last Update: 4:25 AM ET August 23 2008


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The net revenue for the second quarter fiscal 2008 jumped 81.4% to $1.11 billion compared with the second quarter of fiscal 2007. The international developer of multi-use integrated resorts recorded a quarterly net loss of $8.8 million, a decrease from net income of $34.4 million in the same period last year. Going forward, the continued investments in Macao’s transportation infrastructure are expected to encourage visitation and improve customer experience for Macao visitors.

 
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Brad Stone: In Macau, the majority of it goes right to the operating line. We're not talking about cutting back on the marketing programs. Most of the costs we've identified are costs associated with labor. Certainly the opening of the Four Seasons gives us an opportunity to take care of some of our labor sins at the current facility.
You will see some additional spending at the Venetian in terms of some of the mass play but we think that that's going to return itself in spades in terms of revenues and drive and grow our EBITDA. Hence the costs that Bill identified in his presentation in Macau were primarily driven to affect totally the bottom line.
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