Sands Made $1.42 Billion in EBITDA Last Quarter. They Don't Own a Single U.S. Hotel.
Las Vegas Sands just posted a quarter that would make any domestic operator's jaw drop... 25% revenue growth, 95.7% occupancy in Singapore, and nearly $800 million in EBITDA from a single property. The part worth studying isn't the gambling. It's the integrated resort model that American hotel companies keep talking about and never actually build.
