Las Vegas Sands’ Profit Declines 86%

Las Vegas Sands Corp., owner of the Venetian casino in Las Vegas and the Sands Macao, said first-quarter profit fell 86% because of refinancing costs.

Net income declined to $7.1 million, or 2 cents a share, from $49.9 million, or 15 cents, a year earlier. Revenue jumped 69% to $403.8 million, the Las Vegas-based company said.