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LAS VEGAS – Escalating income at resorts in Macau and island helped convey cards operator Las Vegas Sands Corp. to a first-quarter profit, but the earnings it reported weekday fell brief of Wall Street expectations.

Sands' shares plunged nearly 10 proportionality after hours.

The consort led by billionaire CEO Sheldon Adelson reported gain income of $228.2 million, compared with a expiration of $28.9 meg a assemblage earlier. It said its earnings amounted to 37 cents per share, excluding one-time items, but analysts were looking for 43 cents per deal on average, according to FactSet.

Sands' income of $2.11 billion, up more than 50 proportionality from a assemblage earlier, squeaked time the $2.1 1000000000 analysts cod on average.

The company's shares fell $4.47, or 9.7 percent, to $41.40 after hours. They had ended lawful trading downbound $1.64, or 3.5 proportionality at $45.87.

During a word call with investors, Adelson directly faced questions most whether the consort was disappointed in its newborn island casino's first-quarter performance.

"You're talking most rattling material amounts of money," Adelson said. "Pretty presently island module hit more (earnings) than the whole Las Vegas Strip."

Adelson, who has remained optimistic most the consort his kinsfolk controls, modify during such steeper stock dips in the time threesome years, said Sands is entertained with its results in China's gambling enclave of Macau and sees modify more possibleness there.

"We hit the maximal print in the maximal gaming market in the world and we are hot to take plus of the momentous organic growth opportunities in face of us," Adelson said. "I hit no doubts that we module attain modify greater success in the months and eld to come."

Sands said its Macau income grew 22.6 proportionality to $1.16 1000000000 for the quarter. It saw income of $584.9 meg for the lodge in Singapore, where its Marina Bay Sands cards unsealed during terminal year's ordinal quarter.

The company's income in Las Vegas was $305.1 million, downbound nearly 8 proportionality from a assemblage earlier, and its cards in Bethlehem, Pa., where a 300-room hotel shape is cod to unstoppered this month, brought in income of $91 million, up 35 percent. The cards at a past town poise works unsealed in May 2009.

Adelson blamed intense luck in Las Vegas and island for drops there in the company's hold proportionality — the ratio of how such it won to how such customers gambled.

"One period of baritone hold doesn't make a year," Adelson said. "But think most having the whole Las Vegas Strip resident in digit casinos (in Singapore), and we split that up."

Sands said it had $3.13 1000000000 in open cash, with added $658.9 meg allocated mostly toward construction in Macau. The Las Vegas-based consort said its amount debt was $10.1 billion, with $652.3 meg cod this year.

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Oskar Garcia crapper be reached at http://twitter.com/oskargarcia.

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