two of the most profitable<\/a> casinos in the world.<\/p>\nSands’ Cash Position Strong<\/h2>\n Sands\u2019 cash position is one of the sturdiest in the industry. At the end of the second quarter, it had unrestricted cash of $5.77 billion with access to $3.67 billion in borrowing capacity.<\/p>\n
The company has $14.70 billion in debt and repaid $1.20 billion on a Sands China credit revolver during the June quarter.<\/strong><\/p>\n\u201cOur financial strength supports our ongoing investment and capital expenditure programs in both Macao and Singapore, our pursuit of growth opportunities in new markets, and the return of capital to stockholders,\u201d said CEO Rob Goldstein in the statement.<\/p>\n","protected":false},"excerpt":{"rendered":"
Las Vegas Sands (NYSE: LVS) provided a positive surprise to investors today as the largest casino operator by market capitalization said it will reinstate its quarterly dividend. The payout had been suspended for more than three years as the gaming company sought to conserve capital during the early stages of the coronavirus pandemic and as […]<\/p>\n","protected":false},"author":46,"featured_media":254566,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,62,10],"tags":[81913,87156,81903],"acf":[],"yoast_head":"\n
Sands Top Q2 Estimates, Surprises With Dividend Reinstatement<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n