Adelson plows $30 million of his $670 million tax windfall back into keeping Congress in GOP hands
Adelson's Las Vegas Sands Corporation got a $670 million windfall in the first quarter of 2018 due to the GOP's tax giveaway to the rich. The Business Times writes:
LAS Vegas Sands Corp, the world's largest casino company, said first-quarter sales and profit rose to new records in all its three markets, with results in Singapore soaring.
Sands reported net income shot up 179.1 percent to US $1.62 billion in the first quarter of 2018, compared to US $579 million in the year-ago period,
inclusive of a US $670 million non-cash income tax benefit.
Revenue for the three months to March 31 grew 16.7 per cent to US $3.58 billion, exceeding projections of US$3.36 billion.
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