Industry News
Though economic conditions and lower consumer spending have been reported in some places, the casino group reported an 11-percent increase in Earnings before Interest, Tax, Depreciation, and Amortization (EBITDA).
Adjusted earnings per share for period under review showed a three-percent increase.
The company said the economic climate was - to a significant degree - mitigated by an increase in international visitors.
Group revenue at $7, 6 billion was 10 percent up on the previous year, with a 0, 3 percentage point improvement in margins to 37, 2 percent. Adjusted headline earnings per share of 39 cents were 3 percent ahead of last year, the company said.
A dividend of 258 cents per share was declared, bringing the total dividends per share for the year to 480 cents, 20 percent above last year.
Gaming revenues grew 9 percent to $5, 8-billion with slots growth at 9 percent and table growth at 12 percent, while other revenues grew 12 percent.
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Total capital expenditure for the year was $861-million and included expansions and refurbishment.
Look for casino revenues from other companies globally to increase too in forthcoming reports. U.S. economic figures were reported as having grown at over 3 percent in the last quarter -- averting a feared downturn. Three percent growth is consistent with the growth rate during the Reagan era and Clinton era and slightly ahead of the average for the Bush era.
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