22-07-2021, 04:30 PM
United States-based gaming group Las Vegas Sands Corp says the net revenues of its Macau unit grew more than 18-fold in the second quarter of 2021 from a year earlier, mostly due it said, to a rebound in premium-mass revenue.
It was Sands China Ltd’s first year-on-year revenue increase since the second quarter of 2019, long before the Covid-19 pandemic began.
The Macau casino operator saw its net revenues hit US$855 million in the April to June period, a 10-percent increase from the preceding quarter.
Most of Sands China’s casinos reported higher revenue in the period, compared to first-quarter 2021. The exception was the casino at the Plaza Macao and Four Seasons Macao, which posted revenue of US$125 million in the three months to June 30, compared to US$170 million in the previous quarter.
Sands China’s adjusted property earnings before interest, taxation, depreciation and amortisation (EBITDA) rose to US$132 million in the second quarter, up from US$100 million in the first three months of 2021.
In Singapore, where Las Vegas Sands operates Marina Bay Sands, net revenues fell from US$426 million in the first quarter of 2021 to US$327 million in the three months to June 30. Still, second-quarter revenue was 14-fold in year-on-year terms.
https://www.ggrasia.com/sands-china-post...n-2-years/
It was Sands China Ltd’s first year-on-year revenue increase since the second quarter of 2019, long before the Covid-19 pandemic began.
The Macau casino operator saw its net revenues hit US$855 million in the April to June period, a 10-percent increase from the preceding quarter.
Most of Sands China’s casinos reported higher revenue in the period, compared to first-quarter 2021. The exception was the casino at the Plaza Macao and Four Seasons Macao, which posted revenue of US$125 million in the three months to June 30, compared to US$170 million in the previous quarter.
Sands China’s adjusted property earnings before interest, taxation, depreciation and amortisation (EBITDA) rose to US$132 million in the second quarter, up from US$100 million in the first three months of 2021.
In Singapore, where Las Vegas Sands operates Marina Bay Sands, net revenues fell from US$426 million in the first quarter of 2021 to US$327 million in the three months to June 30. Still, second-quarter revenue was 14-fold in year-on-year terms.
https://www.ggrasia.com/sands-china-post...n-2-years/