LAS VEGAS Las Vegas Sands, owner and operator of The Venetian Casino Resort and The Grand Canal Shops, has reported third quarter 2000 net revenues of $146.6 million, up 46% from $100.3 million in the 1999 third quarter.
Third quarter 2000 property earnings before interest, taxes, depreciation, amortization and rental expense (EBITDAR) improved to $40.7 million, up 93% from the $21.1 million in the 1999 third quarter. Nine months to date property EBITDA totals $146.9 million.
The Venetian generated net revenues of $137.8 million during the quarter compared to $97.1 million during the third quarter 1999. The Venetian achieved room revenue during the third quarter of $45.0 million as compared to $35.5 million during the prior year s third quarter. The Venetian s ADR increased to approximately $168 compared to $145 in the third quarter of 1999. The occupancy of available guestrooms was 96% during the third quarter of 2000, compared to 90% during the prior year third quarter. (10/23/00)