Sands Reports Strong Las Vegas Numbers

Las Vegas Sands reported positive trends in their Las Vegas operations (Venetian and Palazzo) when they released second quarter 2015 earnings earlier today.

Compared to the same quarter last year:

Hotel room revenue was up 5.8%.
Food and Beverage was up 5.1%.
Convention, Retail and Other was up 0.7%.
Table games drop was up 6.0%.
Slot handle was up 15.4%.
Occupancy was 92.6% - up from 90.1%.
Average Daily Rate was $231 up 3.6%.
Revenue per Available Room was $ 214 up 6.5%.

Despite these positive numbers, overall Las Vegas revenue was actually down 17.1% from last year due to a poor hold percentage.

Also Las Vegas is only a small piece of the LVS pie, as Macau and Singapore make up the bulk of the company's revenue. Both of those markets were down compared to last year.