Singapore Marina Bay Sands resort blamed bad luck at the gaming tables (bad luck for the casino, not the high rollers) for a lower than expected quarterly profit result.
The integrated resort posted US$284.5 million in pre-tax profits for the quarter ended March 31, a seven percent drop from the US$305.8m in the previous three months.
Sheldon Adelson, Las Vegas Sands chairman and CEO, on a conference call to investors, said bad luck on the tables in Las Vegas and Singapore was responsible for the company holding onto to less of gamblers’ money.
Marina Bay Sands’ Singapore hotel recorded occupancy of 86.3 percent in the January to March quarter, up slightly from the previous three months.
The average daily rate for the hotel rose from US$258 to US$285
