The Motley Fool, 13 May 2011Las Vegas Sands (NYSE: LVS ) has been on a tear for more than two years operationally and on the stock market, partly because of an extremely profitable casino in Singapore. In just the last quarter alone, Marina Bay Sands generated $284.5 million in property EBITDA and a 49% EBITDA margin.
But Marina Bay Sands isn't the only casino in Singapore, and I was shocked to see that Las Vegas Sands' casino is actually performing worse than Genting's Resorts World at Sentosa. Genting's Singapore resort generated $435.1 million in EBITDA during the first quarter, far mor e than what Sands reported, even if you adjust for the latter's bad luck (which would have brought EBITDA to $311 million). Full story
