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VENETIAN 3Q RESULTS IMPACTED BY DOWNSWING

Oct 26, 2001 11:01 PM

Las Vegas Sands, owner and operator of The Venetian and Grand Canal Shoppes, reported 3rd quarter earnings before interest, taxes, depreciation, amortization and rent (EBITDAR) of $33.1 million, a decline of 16.8% from last year's results of $39.8 million.

Total net revenue for the company during the third quarter was $123.2 million, as compared to $136.5 million during the third quarter of 2000.

The company attributed the decrease to a decline in business and leisure travel to Las Vegas after the Sept. 11 attacks, and lower table game revenue during the quarter.