• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Friday 6 June 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
  • 中文
  • 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
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Sands China reports US$213 million loss in 1Q21 but earnings improving

Ben Blaschke by Ben Blaschke
Thu 22 Apr 2021 at 05:05

The Venetian Macao

42
SHARES
1.1k
VIEWS
Print Friendly, PDF & Email

Sands China Ltd, the Macau subsidiary of US casino giant Las Vegas Sands, has reported a net loss of US$213 million for the three months to 31 March 2021, however its positive momentum has continued for the second straight quarter with revenues on the rise.

There were also good signs in both Macau and at Marina Bay Sands in Singapore which generated positive Adjusted Property EBITDA.

Sands China’s US$213 million net loss in Q1 was narrowed from a loss of US$246 million in 4Q20 and from a loss of US$562 million in 3Q20. Likewise revenues climbed to US$771 million, down 4.6% year-on-year but up 14.7% sequentially from US$672 million in 4Q20 and from just US$167 million in 3Q20.

Macau operations, comprising The Venetian Macao, The Parisian Macao, The Londoner Macao, The Plaza and Four Seasons, and Sands Macao recorded Adjusted Property EBITDA of US$100 million versus US$67 million in Q4.

Notably, revenues were up year-on-year at both The Venetian Macao (US$340 million) and at The Plaza Macao and Four Seasons Macao (US$170 million), while all properties showed revenue growth compared with the final months of 2020.

At Marina Bay Sands, operated directly by Las Vegas Sands, net revenues fell 30.4% year-on-year to US$426 million with casino revenues of US$303 million. Those figures were improved from net revenues of US$345 million and casino revenue of US$229 million in 4Q20, while Adjusted Property EBITDA of US$144 million was 105.7% higher than in Q4.

“We couldn’t be more enthusiastic about the opportunity to welcome more guests back to our properties as greater volumes of visitors are eventually able to travel to Macau, Singapore and Las Vegas,” said LVS Chairman and CEO Robert Goldstein.

“Demand for our offerings from our customers who have been able to visit remains robust, but pandemic-related travel restrictions, particularly in Macau and Singapore, continue to limit visitation and hinder our current financial performance … [but] we remain confident in the eventual recovery in travel and tourism spending across our markets.

Sands China’s parent LVS reported a net loss of US$280 million in Q1 on a 15.6% year-on-year decrease in revenue to US$1.2 billion.

RelatedPosts

Chief Gaming Officer Damian Quayle to depart SJM, take up role as COO of Manila’s Solaire Resort North

Chief Gaming Officer Damian Quayle to depart SJM, take up role as COO of Manila’s Solaire Resort North

Fri 6 Jun 2025 at 12:55
A spirit of social responsibility

Francis Lui: Galaxy to consider major renovation of Broadway Macau

Thu 5 Jun 2025 at 12:10
Score Gaming: G2E Asia exhibitor presence and media campaign drives post-show momentum

Score Gaming: G2E Asia exhibitor presence and media campaign drives post-show momentum

Thu 5 Jun 2025 at 09:44
Macau GGR comes in at MOP$18.9 billion in April, up 1.7% year-on-year

Macau government lowers 2025 GGR forecast to US$28 billion

Tue 3 Jun 2025 at 16:06
Load More
Tags: earningsLas Vegas SandsMacauMarina Bay SandsRobert GoldsteinSands ChinaSingaporeThe Venetian Macao
Share17Share3
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 – Foreigner-only casinos: Seize the day

Editorial – Foreigner-only casinos: Seize the day

by Ben Blaschke
Thu 29 May 2025 at 13:38

I was recently asked by someone working at a foreigner-only casino for my thoughts on the outlook for the Asian...

On the brink

On the brink

by Pierce Chan
Thu 29 May 2025 at 13:27

The transition period for Macau’s 11 satellite casinos is set to expire at the end of this year, after which...

A moral defense of gambling

A moral defense of gambling

by Andrew Russell
Wed 28 May 2025 at 18:19

Economist Andrew Russell explores the differences between community benefit and in-principle arguments for the existence of a legal gambling industry...

Face to face

Face to face

by Ben Blaschke
Wed 28 May 2025 at 18:08

Konami caught the eye at the recent G2E Asia show in Macau with its SYNK Vision Tables, which utilize facial...

Evolution Asia
Aristocrat
GLI
Mindslot
Mindslot
Solaire
Hann
Tecnet
Nustar
Jumbo

Related Posts

Chief Gaming Officer Damian Quayle to depart SJM, take up role as COO of Manila’s Solaire Resort North

Chief Gaming Officer Damian Quayle to depart SJM, take up role as COO of Manila’s Solaire Resort North

by Ben Blaschke
Fri 6 Jun 2025 at 12:55

Macau’s SJM Resorts has announced the impending departure of its Chief Gaming Officer, Damian Quayle, who has resigned from the role. Inside Asian Gaming understands that Quayle, whose final day with SJM will be on 20 June, has accepted a...

Australia’s Crown sells London casino to Wynn Resorts

Wynn completes purchase of former Crown London casino, now called Wynn Mayfair

by Newsdesk
Fri 6 Jun 2025 at 06:56

US casino giant Wynn Resorts Ltd said overnight that it has completed the purchase of Crown London, formerly Aspinall’s, from Australia’s Crown Resorts. The casino will now be known as Wynn Mayfair. First announced in early January, the acquisition of...

SkyCity to file US$200 million claim against developer for long delays in completion of Auckland convention centre

SkyCity to file US$200 million claim against developer for long delays in completion of Auckland convention centre

by Newsdesk
Fri 6 Jun 2025 at 06:41

New Zealand’s SkyCity Entertainment Group Limited will file legal proceedings against the developers of its New Zealand International Convention Centre (NZICC) seeking NZ$330 million (US$200 million) damages for losses arising from delays to completion of the project. The company noted...

IGT, Scientific Games help boost AGEM Index in December

AGEM Index holds steady in May despite mixed results from gaming suppliers

by Newsdesk
Thu 5 Jun 2025 at 20:35

The AGEM Index – a monthly stock performance guide comprising 12 global gaming suppliers – fell by 0.1% month-on-month or 1.11 points to 1,741.18 points in May, with Aristocrat and Konami seeing the largest negative contributions. The index was however...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 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
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語