The Wall Street Journal-20080205-Earnings Digest -- Leisure- Las Vegas Sands Corp-

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Earnings Digest -- Leisure: Las Vegas Sands Corp.

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Las Vegas Sands Corp. posted a 65% plunge in fourth-quarter profit on costs on various properties, including its newly opened Palazzo Las Vegas resort. Revenue jumped 65% amid strong traffic to its Cotai Strip's anchor casino, the Venetian Macau. Las Vegas Sands, which has its biggest presence in the Chinese islands of Macau, said revenue per available room, or revpar, grew 3.8% to $244. Las Vegas casino revenue dropped 25% to $116.1 million amid a lower table-games winning percentage. Shares of Las Vegas Sands, which reported results after the close of regular trading, were down $6.40, or 7.3%, to $81.45 in 4 p.m. New York Stock Exchange composite trading and fell a further 1.9% to $83 in after-hours trading.

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