Las Vegas Sands Corp. said Wednesday that second-quarter profit tumbled by 35 percent as the casino operator’s table winnings fell at home and in Asia.
The company said its net income fell to $240.6 million, or 29 cents per share, from $367.6 million, or 45 cents per share, a year earlier.
Excluding items, the company said it would have earned 44 cents per share. Analysts were looking for 60 cents per share, according to FactSet.
Revenue rose 10 percent to $2.58 billion, but that, too, didn’t impress analysts, who had expected $2.77 billion.
The average daily house “win” per gambling table is much higher in Asia — from $9,500 at the Sands Macau to $22,227 at the nearby Four Seasons and Plaza casino — than in Las Vegas, where it’s $3,402, or Bethlehem, Pa., $2,813. The U.S. casinos usually have more slot machines, although the company’s daily win per machine is generally higher in Asia.