Las Vegas Sun

May 27, 2019

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Las Vegas Sands shows revenue gain on Fortune 500 list

Beyond the Sun

The new Fortune 500 list is out, with Las Vegas Sands Corp. the only big hotel and casino company on the list to show a gain in 2009 revenue vs. 2008.

In Fortune's May 3 industry list ranking companies by revenue, Marriott International is No. 1 followed by Harrah's Entertainment Inc., MGM Mirage, Starwood Hotels & Resorts and Las Vegas Sands.

In 2009, with the recession reducing corporate and leisure travel and spending, Marriott saw its revenue fall 15.3 percent to $10.9 billion.

Harrah's was down 12 percent to $8.9 billion (net revenue), MGM Mirage was down 17.1 percent to $5.978 billion (net revenue), Starwood was down 20.2 percent to $4.7 billion and Las Vegas Sands was up 3.9 percent to $4.563 billion (net revenue).

Among gaming companies, Harrah's ranked No. 264 on the overall Fortune 500 list, MGM Mirage was No. 360 and Las Vegas Sands was No. 456. In the 2009 list of 1,000 companies, Harrah's came in at No. 263, MGM Mirage at 344 and Las Vegas Sands at 519.

Las Vegas Sands' revenue grew in 2009, despite the recession, thanks to its expansion into Pennsylvania and growth in Macau.

The 2010 revenue numbers are likely to change substantially for Las Vegas Sands with its megaresort open in Singapore, and for MGM Mirage with its new CityCenter. Harrah's will also get a boost with its acquisition of Planet Hollywood on the Las Vegas Strip.

Separately, In Business Las Vegas, a sister publication to the Las Vegas Sun, on Friday published its list of local public companies ranked by 2009 revenue or latest fiscal year revenue.

Besides No. 1 Harrah's, No. 2 MGM Mirage and No. 3 Las Vegas Sands, the In Business list included:

• No. 4 NV Energy, $3.59 billion

• No. 5 Wynn Resorts, $3.31 billion

• No. 6 International Game Technology, $2.114 billion

• No. 7 Southwest Gas, $1.89 billion

• No. 8 Boyd Gaming, $1.82 billion

• No. 9 Ameristar Casinos, $1.49 billion

• No. 10 Station Casinos, $1.115 billion

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