The best bet in gaming, Las Vegas Sands
During the third quarter, that advantage helped send revenue 26.2% higher to $2.41 billion and adjusted property EBITDA to $924.1 million. Marina Bay Sands, one of just two casinos in Singapore, led the way with revenue climbing 63.1% to $792.4 million and property EBITDA exploding 71.3% higher to $413.9 million. That's an incredible 52.2% EBITDA margin.
These incredible results are in contrast to an earnings report from Wynn Resorts
Wynn's and Las Vegas Sands' results should give us a good peek into what Melco Crown and MGM Resorts
Foolish bottom line
Las Vegas Sands has been my top pick in gaming for quite some time, and a quarter like this proves why. Despite slightly lower performance, the company's Macau casinos are still performing well -- and with Sands Cotai Central on the way next year, the Cotai Strip should continue to pay dividends. And none of the other U.S.-traded gaming operators can give you exposure to Singapore and its tremendously profitable casinos like Las Vegas Sands can.