05 May '11, 3am

Marina Bay Sands reports a lower-than-expected quarterly profit, blame bad luck at its tables

Marina Bay Sands reports a lower-than-expected quarterly profit, blame bad luck at its tables

While the Marina Bay Sands integrated resort's bottom line was pared, it fared better on other fronts - enjoying higher revenue, occupancy and room rates. -- ST PHOTO: LIM SIN THAI BAD luck at the tables led to lower-than-expected quarterly profits for Marina Bay Sands (MBS). The integrated resort recorded US$284.5 million (S$349.6 million) in pre-tax profits for the first quarter ended March 31, a 7 per cent drop from the US$305.8 million in the previous three months. The weaker showing by MBS - well below the average Wall Street estimate of US$325 million - contributed to a lacklustre report card by parent Las Vegas Sands, which reported adjusted profits and revenues for the quarter that were far below analysts' estimates. This weighed on the shares of the US casino operator, which plunged 11 per cent in after-hours trading on Tuesday on the New York Stock Exchange. Spea...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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Brawn, a fine dining steakhouse opens at Marina...

food.insing.com 05 May '11, 3am

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