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Record breaking quarterly revenue at Sands Casino Resort Bethlehem | 06 Nov 2012 : WorldCasinoYellowPages

Record breaking quarterly revenue at Sands Casino Resort Bethlehem

... 06 November 2012

Record breaking quarterly revenue at Sands Casino Resort Bethlehem

Sands Casino Resort Bethlehem, the three-and-a-half-year-old property, equipped with its 302 room-hotel has been recording a continuous hike in terms of its income since its inception. As per records maintained by its management, i.e. Las Vegas Sands Corp. the organization has not looked back as far as its revenues are concerned. The first quarter of the year recorded a gross income of $115.6 million out of which it gained a net profit of $18.2 million that excludes pay-offs, downgrading of the concerned items, levies and interest etc; the total being $27.5 million. All this has been possible with the unyielding efforts of the workers, professional managers, favorable circumstances and above all the trust of the stakeholders, i.e. the valued clients, say the top executives of Sands Casino Resort Bethlehem.

Las Vegas Sands Corp. has apprised that an amount of $122 million has been contributed by the South Side Casino towards the total income that includes $24.3 million as the net profit for the third quarter during this year, a net increase of $6.1 million over the first quarter. It is a great achievement in deed, say the officials. The net gain of $24.3 million has been arrived at prior to accounting for EBITDA, i.e. earnings before interest, taxes, depreciation and amortization —i.e. $32.1 million. The executives at Las Vegas Sands are fully satisfied with the figures. In fact, they were not expecting even to reach the target of EBITDA, but the outcome have been surprising indeed, they say.

The hotel, opened in May 2011 has also contributed greatly towards the revenues as the number of visitors who hired the rooms has gone up to 69.6% during the third quarter whereas the same was just 62.2% during the previous three months. This quarter of the year recorded 50.3% occupancy of the hotel rooms as compared to 54.5% of the last quarter of the previous year. The usual daily rate of the hotel room is $139 whereas on the weekdays it comes to $149, say the officials. In fact, the price structure of the hotel rooms is not fixed as per the records maintained by its online booking staff. You could be lucky enough to get the confessional rate of just $104 on weekdays for some rooms whereas it could be $134 on some Fridays. It is advisable to get the hotel rooms booked well in advance to avoid disappointment at the eleventh hour because usually there is heavy rush on Tuesdays, Wednesdays and Saturdays.

The first segment of the retail mall that was added to the hotel in November during the previous year has been a source of great attraction for the visitors. The same is true with the event center where frequent seminars and related activities are organized that includes non-gaming or gaming features too.

The officials at the Las Vegas Sands are too optimistic about the future of Sands Casino Resort Bethlehem that with the addition of the news hotel, event center and outlet mall expects to generate a minimum of $80 million on annual basis. It generated an income of $59 million during 2010 with an increase of 31.8 million during the previous year that posted an income of $90.8 million whereas revenue of $110 million is hoped to be reaped during the current fiscal. All the corporate houses have a close watch on its record-breaking revenue figures.

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