Revenue during the quarter went up marginally by 2.59 percent to $2,968.54 million from $2,893.68 million in the previous year period. Total expenses were 75.76 percent of quarterly revenues, up from 74.46 percent for the same period last year. That has resulted in a contraction of 130 basis points in operating margin to 24.24 percent.

Operating income for the quarter was $719.58 million, compared with $739.07 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $1,142.61 million compared with $1,052.22 million in the prior year period. At the same time, adjusted EBITDA margin improved 213 basis points in the quarter to 38.49 percent from 36.36 percent in the last year period.

Mr. Sheldon G. Adelson, chairman and chief executive officer, said, “We are pleased to have continued to execute our strategic objectives this quarter and to have delivered a solid operating performance in each of our markets, which enabled us to generate $1.14 billion in adjusted property EBITDA for the quarter, an increase of 8.6% compared to the third quarter of 2015. Importantly, the operating environment in Macao continued to improve during the quarter, particularly in the mass segment, as the Macao market exhibited growth in total gaming revenue, overnight visitation, and length of stay. Our Macao portfolio experienced strong visitation and enjoyed the benefits of our market-leading hotel, retail and entertainment offerings while generating $628.5 million in adjusted property EBITDA, an increase of 15.3% over the same quarter last year.