Las Vegas Sands narrows 2Q loss

LAS VEGAS (AP) - Las Vegas Sands narrowed its second-quarter loss as revenue soared.

The Las Vegas casino developer says it lost $4.7 million, or a penny per share. That's far better than last year's loss of $222.2 million, or 34 cents per share. Excluding one-time items, the casino company's adjusted profit was $129.3 million or 17 cents per share.

Revenue soared nearly 51 percent to $1.59 billion.

Wall Street analysts expected the company to post an adjusted profit of 9 cents per share with revenue of $1.59 billion.

Las Vegas Sands Corp is controlled by billionaire CEO Sheldon Adelson. It operates the popular Venetian and Palazzo casinos in Las Vegas as well as facilities in the Chinese gambling enclave of Macau.