Las Vegas Sands expects Macau revenue to rebound

Gambling revenue at Las Vegas Sands Corp's (LVS.N: Quote, Profile, Research) second Macau casino, the Venetian Macao, is expected to recover in February after a downturn in January caused by snow storms in China and a shake-up in the region's system for bringing in big-spending gamblers, the company said on Monday.

The amount of money gambled by "mass market" customers fell to $273 million in January from $290 million in December, Stephen Weaver, vice president of the company's Asia operations, said during a webcast meeting with analysts and investors.

"That has recovered with the Chinese New Year," he said, referring to last week's holiday.