Capital ReturnsThe company repurchased approximately $450 million of stock during the quarter, which, along with dividends, equates to about 8% of the market cap, indicating a stable capital return profile.
EarningsMarina Bay Sands in Singapore generated property level EBITDA 7% higher than consensus estimates.
Market ExpansionThe Londoner/Venetian renovations are beginning to ramp up, suggesting potential for future share gains.