• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 15 July 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

Loss narrowed, revenues rising for Sands China in 2Q21

Ben Blaschke by Ben Blaschke
Thu 22 Jul 2021 at 04:59

The Venetian Macao

35
SHARES
870
VIEWS
Print Friendly, PDF & Email

Sands China Ltd continued its positive momentum in the three months to 30 June 2021, with net revenues rising 10.1% compared with the March quarter to US$849 million and Adjusted EBITDA up 32% to US$132 million.

The results were also a vast contrast to the second quarter of 2020, in the midst of the COVID-19 pandemic, when revenue from Macau operations reached a paltry US$40 million.

Although Sands China still reported a net loss of US$166 million in 2Q21, it represented a steady line of improvement from a loss of US$549 million in 2Q20, US$562 million in 3Q20, US$246 million in 4Q20 and US$213 million in 1Q21.

Sands China operates The Venetian Macao, The Londoner Macao, The Parisian Macao, Sands Macao and The Plaza Macao.

With border restrictions eased through much of Q2, The Venetian Macao contributed almost half of the company’s revenues with net revenue of US$391 million, including US$307 million in casino revenue, compared with net revenue of US$340 million in Q1. Adjusted EBITDA reached US$108 million.

The Londoner Macao, formerly Sands Cotai Central, reported net revenue of US$189 million but fell to an Adjusted Property EBITDA loss of US$5 million, while The Parisian Macao reported net revenue of US$101 million and breakeven EBITDA.

At Sands Macao, net revenues were US$42 million with an Adjusted Property EBITDA loss of US$13 million while The Plaza Macao recorded US$125 million in net revenues and Adjusted Property EBITDA of US$44 million.

In Singapore, Marina Bay Sands suffered a slight decline compared with 1Q21, with net revenues down from US$426 million to US$327 million and Adjusted Property EBITDA from US$144 million to US$112 million.

“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 Q2, identical to the March quarter but vastly improved on a loss of US$841 million in 2Q20. The company reported net revenue of US$1.17 billion compared with US$62 million in 2Q20 and US$1.2 billion in 1Q21.

RelatedPosts

A New Macau

Macau gaming tax hits US$5.6 billion through first six months of 2025

Sun 13 Jul 2025 at 05:27
Macau After Dark – MAD 30: Official Highlights Video

Macau After Dark – MAD 30: Official Highlights Video

Sat 12 Jul 2025 at 10:38
OPINION: Macau wants to recruit “foreign” customers? Great! Here are some ideas.

Air Macau suffers more losses, receives near US$300 million capital injection from shareholders

Sat 12 Jul 2025 at 10:36
Shareholder power play sees Tom Lau step down as director and Deputy Chairman of South Shore Holdings

MGTO says handover of THE 13 Hotel to new owner underway, renovation plans being reviewed

Sat 12 Jul 2025 at 10:15
Load More
Tags: Adjusted Property EBITDALas Vegas SandsMacaurevenueRob GoldsteinSands ChinaThe Venetian Macao
Share14Share2
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 – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

European Parliament approves EC recommendation to remove Philippines from list of high-risk jurisdictions

European Parliament approves EC recommendation to remove Philippines from list of high-risk jurisdictions

by Newsdesk
Tue 15 Jul 2025 at 05:24

The European Parliament has approved a recommendation by the European Commission to remove the Philippines from the EU’s list of countries with high money laundering and terrorist financing risk. The Philippines’ Anti-Money Laundering Council (AMLC) confirmed the news on Friday,...

SBC announces debut of Affiliate Leaders Summit in Lisbon

Joel Corry and Imanbek to headline star-studded SBC Summit Opening Party

by Newsdesk
Tue 15 Jul 2025 at 05:20

Chart-topping artists Joel Corry and Imanbek will headline SBC Summit 2025’s Opening Party at Urban Beach, Lisbon, on Tuesday 16 September, the organizer has announced. The event is expected to welcome thousands of industry professionals for an evening of high-energy networking and world-class entertainment at one...

Time to shine

Okada Manila’s gaming revenues down a further 9.1% quarter-on-quarter to US$125 million in 2Q25

by Ben Blaschke
Mon 14 Jul 2025 at 18:15

The recent decline of the Philippines’ land-based gaming sector continued for Okada Manila in the June quarter, with the resort’s operator Tiger Resort, Leisure and Entertainment Inc (TRLEI) reporting a 19.6% year-on-year fall in gross gaming revenues to Php7.10 billion...

Southern Son

IAG offering special hotel room rates at Newport World Resorts for attendees of 2025 IAG EXPO

by Newsdesk
Mon 14 Jul 2025 at 14:42

Inside Asian Gaming is pleased to offer special hotel room rates at Newport World Resorts hotels Okura Manila, Hilton Manila, Manila Marriott, Sheraton Manila and Holiday Inn Express Manila for those attending any of the following events: Manila After Dark...



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