
Las Vegas Sands Corporation is moving closer to securing a 42-year lease to operate the Nassau Veterans Memorial Coliseum in New York, according to NEWSDAY. The company reported second-quarter 2024 earnings with a net revenue of $2.76 billion and a net income of $424 million. Despite a 9% increase in company-wide revenue to $2.8 billion and a 10% rise in pre-tax cash flow to $990 million, shares fell more than 3% in after-hours trading on the NYSE as results fell short of analyst expectations. The consolidated adjusted property EBITDA was $1.07 billion, with Macao contributing $561 million and Marina Bay Sands $512 million. The company's stock dipped 2.3% pre-market following the Q2 earnings report.

Las Vegas Sands Reports Second Quarter 2024 Results https://t.co/loPkCTAxuW https://t.co/3XXbyWpW4G
$LVS (-2.3% pre) Las Vegas Sands Stock Dips After Worse-Than-Expected Q2 Results - BZ https://t.co/PmCKrC1RkL
Las Vegas Sands Corporation $LVS Q2 2024 EARNINGS CALL SUMMARY https://t.co/EmbRkPc5uC