American casino company Las Vegas Sands reported a net loss of $8.8 million in the second quarter, primarily due to costs related opening new casinos in the U.S. and Macau.
Net revenue for the quarter rose 81.4 percent to reach $1.1 billion.
The company says the weak U.S. economy is hurting its business in Las Vegas. The company's stock has lost 70 percent of its value since October 2007.