Las Vegas Sands Corp. (NYSE:LVS) Q3 2024 Earnings Conference Call October 23, 2024 4:30 PM ET

Company Participants

Daniel Briggs - Senior Vice President, Investor Relations
Robert Goldstein - Chairman and Chief Executive Officer
Patrick Dumont - President and Chief Operating Officer
Grant Chum - Chief Executive Officer and President, Sands China and Executive Vice President, Las Vegas Sands Asia Operations
Wilfred Wong - Executive Vice Chairman, Sands China

Conference Call Participants

Joe Greff - JPMorgan
Stephen Grambling - Morgan Stanley
Robin Farley - UBS
Shaun Kelley - Bank of America
Carlo Santarelli - Deutsche Bank
Brandt Montour - Barclays
Daniel Politzer - Wells Fargo
Chad Beynon - Macquarie
Vitaly Umansky - Seaport
George Choi - Citigroup
David Katz - Jefferies

Operator

Good day, ladies and gentlemen, and welcome to the Sands Third Quarter 2024 Earnings Call. At this time, all participants have been placed on a listen-only mode and the floor will be open for questions and comments after the presentation.

It is now my pleasure to turn the floor over to Mr. Daniel Briggs, Senior Vice President of Investor Relations. Sir, the floor is yours.

Daniel Briggs

Thanks so much. Joining the call today are Rob Goldstein, our Chairman and CEO; Patrick Dumont, our President and COO; Dr. Wilfred Wong, Executive Vice Chairman of Sands China; and Grant Chum, CEO and President of Sands China and EVP of Las Vegas Sands Asia operations.

Today's conference call will contain forward-looking statements. We will be making those statements under the Safe Harbor provision of federal securities laws. The company's actual results may differ materially from the results reflected in those forward-looking statements.

In addition, we will discuss non-GAAP measures. Reconciliations to the most comparable GAAP financial measures are included in our press release. We have posted an earnings presentation on our website. We will refer to that presentation during the call.

Finally, for the Q&A session, we ask those with interest to please pose one question and one follow-up so we might allow everyone with interest the opportunity to participate. The presentation is being recorded.

I'll now turn the call over to Rob.

Robert Goldstein

Thanks, Dan. Thanks for joining us today. The Macao market continues to grow. Total gaming revenue for the market grew 13% in the third quarter of 2024 when compared to the third quarter of 2023. Mass gaming revenue grew 14% in the quarter compared to one year ago. We believe the Chinese economy will grow and flourish in the future. It remains steadfast that the Macao market will grow along with it.