Las Vegas Sands Corp. posts first-quarter loss of $11.2 million

Thu, May 1, 2008 (11:05 a.m.)

Las Vegas Sands Corp. reported a $11.2 million loss, or 3 cents a share, for the first quarter which ended March 31. Last year the company had a profit of $90.9 million.

The casino operator reported the loss as a result of rising construction costs, the slowing economy and increasing competition in Macau.

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