LAS VEGAS (AP) - Casino-resort operator Las Vegas Sands Corp. said Tuesday that it earned $367.6 million for the second quarter, reversing a loss of $4.7 million a year earlier as its revenue rose almost 50 percent.
The company led by billionaire Sheldon Adelson said its results in Las Vegas improved as the company focused on attracting conventioneers and other business travelers and curbed spending on freebies to attract gamblers to slot machines and table games. At the Venetian and Palazzo casinos in Las Vegas, gambling revenue rose just 2.2 percent to $105.1 million as the company cut its promotional allowances nearly 60 percent.