SCHYY Sands China Ltd (PK)

   By Chester Yung 
 

Sands China Ltd. (1928.HK), the Macau unit of Las Vegas Sands Corp. (LVS), said Thursday fourth-quarter net income dropped 18% from a year earlier amid a softer gaming market in Macau.

The Hong Kong-listed casino operator said quarterly net income fell to US$535.3 million from US$655.6 million a year earlier. Total net revenue fell 16% to US$2.12 billion while adjusted property earnings before interest, taxes, depreciation and amortization decreased 15% to US$713.2 million, it said.

For 2014, total net revenue rose 6.8% to US$9.57 billion while net income gained 15% to US$2.55 billion.

Write to Chester Yung at chester.yung@wsj.com

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