LVS Part II

• Rob Goldstein, a Sands executive vice president in charge of operating its Las Vegas properties, said the company was gradually increasing its room rates and trying to avoid price cuts generally made to keep rooms filled.
• Rooms cost more than $170 on average during the quarter at the Venetian and Palazzo, though slightly more at the Palazzo. The rooms were just under 90 percent occupied for the quarte
• ... rates for leisure travel are also beginning to firm, particularly on the weekends. (obviously at some point supply finds demand - market discovery... hard to believe that still exists in America with what we see on a daily basis from our government and central bank)
• The company said it is continuing to cut costs but already has made 90 percent of the cuts it plans; in all, the cuts are to save the company $500 million per year.
And the elephant in the room...
• Sands also is working to lower its $11.76 billion in debt as of Sept. 30 by raising capital, selling noncore assets and cutting costs at its resorts.