Employee costs a focus at Las Vegas Sands

• Las Vegas Sands (LVS +2.5%) CEO Sheldon Adelson says the company's cost of employees is stable on a percentage of revenue basis.
• The $1B in staffing costs for 2014 is only 11% of revenue, compared to the 10.9% of revenue the expense took up in 2010.
• Employee benefit costs rose 27% Y/Y in Q3 to $269M.