2024-04-17 20:43:07 ET
Las Vegas Sands Corp. (LVS)
Q1 2024 Earnings Conference Call
April 17, 2024 4:30 PM ET
Company Participants
Daniel Briggs - Senior Vice President of Investor Relations
Robert Goldstein - Chairman and Chief Executive Officer
Patrick Dumont - President and Chief Operating Officer
Grant Chum - Chief Executive Officer & President, Sands China & Executive Vice President, Asia Operations
Conference Call Participants
Stephen Grambling - Morgan Stanley
Carlo Santarelli - Deutsche Bank
Joe Greff - J.P. Morgan
Shaun Kelley - Bank of America
Robin Farley - UBS
Vitaly Umansky - Seaport
Chad Beynon - Macquarie
David Katz - Jefferies
Daniel Politzer - Wells Fargo
Colin Mansfield - CBRE Institutional Research
Presentation
Operator
Good day, ladies and gentlemen, and welcome to the Sands' First Quarter 2024 Earnings Call. At this time, all participants have been placed on a listen-only mode. We will open the floor for your questions and comments following the presentation.
It is now my pleasure to turn the floor over to Mr. Daniel Briggs, Senior Vice President of Investor Relations at Sands. Sir, the floor is yours.
Daniel Briggs
Thank you, Paul. Joining the call today are Rob Goldstein, our Chairman and CEO; Patrick Dumont, our President and COO; Dr. Wilfred Wong, Executive Vice Chairman of Sands China; and Grant Chum, CEO and President of Sands China and EVP of Asia Operations.
Today's conference call will contain forward-looking statements. We will be making these statements under the safe harbor provision of Federal Securities laws. The Company's actual results may differ materially from the results reflected in those forward-looking statements. In addition, we will discuss non-GAAP measures. Reconciliations to the most comparable GAAP financial measure are included in our press release. We have posted an earnings presentation on our website. We will refer to that presentation during the call. Finally, for the Q&A session, we ask those of interested to please pose one question and one follow-up so we might allow everyone with interest the opportunity to participate. This presentation is being recorded.
I'll now turn the call over to Rob.
Robert Goldstein
Thanks, Dan, and thanks for joining us today. The Macao market continues to grow as it has each in the past five quarters. Since the reopening in early 2023, the annual run rate of the market has grown every quarter from $17 billion in Q1 of last year to $22 billion, then $24 billion and $26 billion, now reaching $28 billion in annualized gaming revenue....
Read the full article on Seeking Alpha
For further details see:
Las Vegas Sands Corp. (LVS) Q1 2024 Earnings Call Transcript