• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Friday 29 August 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Sands China’s Cotai Strip properties all up in 1Q19 on good luck, rising mass

Ben Blaschke by Ben Blaschke
Thu 18 Apr 2019 at 05:08
Macau Cotai panorama
47
SHARES
1k
VIEWS
Print Friendly, PDF & Email

Las Vegas Sands (LVS) saw revenue from its Macau operations grow 8.1% to US$2.33 billion in the three months 31 March 2019, driven by growth across all of its Cotai properties and ongoing strength in the mass market segment.

While a detailed breakdown of Sands China’s mass revenue versus VIP revenue wasn’t provided, LVS Chairman and CEO Sheldon Adelson cited mass revenue growth of 13% compared to the same period last year, with Adjusted Property EBITDA of US$858 million.

The Cotai Strip performed strongly for the company, with the Venetian, Parisian, Sands Cotai Central and Plaza Macao all showing positive momentum.

The Parisian Macao booked the biggest growth of the Sands China portfolio, with revenue up 26.5% to US$454 million and casino revenue rising 33% to US$387 million on the back of good luck. VIP volume declined significantly, by 14.8% to US$3.92 billion, but win rate increased from 2.77% to 4.63%. Likewise, mass table drop saw a slight 5% increase to US$1.14 billion but enjoyed an improved win rate of 23.1%.

The Venetian Macao saw property-wide revenue increase by 3.3% to US$897 million including a 3.4% rise in casino revenue to US$740 million. Rolling chip was again down by 4.6% to US$7.50 billion, with win rate also down, but growth in mass table drop to US$2.27 billion was aided by a significant improvement in win rate from 23.7% to 28.5%. Slot handle increased 6.5% to US$891 million.

At Sands Cotai Central, net revenue was up 5.1% to US$577 million and casino revenues by 6.5% to US$445 million thanks to better luck in both segments. While VIP rolling chip volume fell 19.2% to US$1.94 billion and mass table drop by 3.5% to US$1.70 billion, win rates came in at 4.69% (up from 3.43%) and 23.8% (up from 21.4%) respectively.

Ironically, Plaza Macao was the one property to buck the trend of rising mass and falling VIP volumes, with VIP rolling chip booking a 46.9% increase to US$4.49 billion while mass table drop fell 14.4% to US$356 million. Net revenue was up 17.3% to US$224 million.

Sands Macao saw its casino revenue fall 2.1% to US$139 million, with bad luck playing its part despite volume increasing in both VIP and mass. Rolling chip was actually up 33.9% to US$1.20 billion but the property suffered from a win rate of just 1.86%.

In Singapore, revenue declined 12.0% year-on-year to US$767 million, with casino revenue down 16.6% to US$544 million. There were declines in both segments, with VIP rolling chip volume down 3.3% to US$7.13 billion and win rate also plummeting from 4.77% to 3.13%. Mass table drop was down 3.9% to US$1.34 billion with win rate slightly up to 21.2%.

Sands Chairman and CEO Sheldon Adelson, who has been battling illness in recent months, was quoted in the company’s results announcement praising progress in Sands China’s current Macau developments.

“Construction and development work on the Four Seasons Tower Suites Macao and the Londoner Macao is progressing,” he said. “We believe our market-leading interconnected IR portfolio in Macau, bolstered by our investments in additional luxurious hotel suite offerings, destination retail, MICE capacity and entertainment attractions, positions us exceedingly well to continue to contribute to Macau’s economic diversification and to deliver growth in the years ahead.”

 

RelatedPosts

Australia’s Star Entertainment Group says available cash halved in December 2024 quarter as liquidity crunch bites again

Star Entertainment Group falls to AU$471.5 million loss in FY25 as remediation, regulatory hurdles continue to bite

Fri 29 Aug 2025 at 07:38
Resorts World Las Vegas – Lighting up the north

Recovery of VIP gaming business helps Genting’s Resorts World Las Vegas book improved revenues of US$180 million in 2Q25

Fri 29 Aug 2025 at 05:30
Asia market roundup

Higher business volumes, margins at Resorts World Genting drive improved 2Q25 results for Genting Malaysia

Fri 29 Aug 2025 at 05:09
Sands China celebrates 1.1 billion cumulative visitors to its Macau resorts

Sands China celebrates 1.1 billion cumulative visitors to its Macau resorts

Thu 28 Aug 2025 at 19:09
Load More
Tags: casinoCotai StripirLas Vegas SandsMacauMarina Bay SandsParisian MacaorevenueSands ChinaSands Cotai CentralSheldon AdelsonVenetian Macao
Share22Share3
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

Australia’s Star Entertainment Group says available cash halved in December 2024 quarter as liquidity crunch bites again

Star Entertainment Group falls to AU$471.5 million loss in FY25 as remediation, regulatory hurdles continue to bite

by Ben Blaschke
Fri 29 Aug 2025 at 07:38

Australia’s Star Entertainment Group has reported a statutory loss of AU$471.5 million (US$308 million) for the financial year ended 30 June 2025, impacted by a 29% year-on-year decline in group-wide revenue including a 37% fall in gaming revenue. Although the...

Resorts World Las Vegas – Lighting up the north

Recovery of VIP gaming business helps Genting’s Resorts World Las Vegas book improved revenues of US$180 million in 2Q25

by Ben Blaschke
Fri 29 Aug 2025 at 05:30

Resorts World Las Vegas (RWLV), the US flagship of Malaysian gaming giant Genting Berhad, saw revenues grow by 8% quarter-on-quarter to US$180 million and EBITDA by 80% to US$18 million in 2Q25, with the company pointing to improved hold and...

Asia market roundup

Higher business volumes, margins at Resorts World Genting drive improved 2Q25 results for Genting Malaysia

by Ben Blaschke
Fri 29 Aug 2025 at 05:09

Genting Malaysia reported group-wide revenue of MYR2.92 billion (US$692 million) in the three months to 30 June 2025, up 9% year-on-year thanks to improvements across all regions including a 10% increase in revenue at flagship Resorts World Genting (RWG) in...

Sands China celebrates 1.1 billion cumulative visitors to its Macau resorts

Sands China celebrates 1.1 billion cumulative visitors to its Macau resorts

by Pierce Chan
Thu 28 Aug 2025 at 19:09

Sands China has now welcomed more than 1.1 billion guests across its Macau integrated resorts, representing a significant milestone in its more than 20-year history operating in Macau, the company stated Thursday. In an announcement that also coincided with the...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • English
  • 日本語