LAS VEGAS– Las Vegas Sands posted record third-quarter adjusted property EBITDA of $59.9 million, up 81% from $33.1 million in the same period of 2001. The company, which owns and operates The Venetian Casino Resort, also saw its operating income more than double during the quarter, rising to $43.1 million from $20.4 million in the same quarter last year. Las Vegas Sands achieved another company milestone in the nine-month period ended Sept. 30, recording adjusted property EBITDA of $156.7 million, compared with a loss of $6 million in the year-ago period. Operating income during the first nine months of the year jumped 32.7% to $107.5 million from $81 million in the comparable period of 2001. “Although we benefited from a favorable comparison with the 2001 thrid quarter, when visitaion to Las Vegas declined due to the Sept. 11, 2001 terrorist attacks, the strength of the recovery has validated our midweek rooms strategy,” said William Weidner, president/ COO of Las Vegas Sands, in a statement.
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