• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Monday 2 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
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
No Result
View All Result
IAG
No Result
View All Result

Las Vegas Sands reports US$1.2 billion in Adjusted EBITDA in 4Q23 as Macau, Singapore operations surge

Ben Blaschke by Ben Blaschke
Thu 25 Jan 2024 at 05:31
Inside Asian Gaming named Lead Media and Production Partner for G2E Asia 2022 Special Edition in Singapore
37
SHARES
922
VIEWS
Print Friendly, PDF & Email

Las Vegas Sands reported consolidated Adjusted Property EBITDA of US$1.20 billion for the three months to 31 December 2023, boosted by the ongoing resurgence of its Macau operations and another record quarter at Singapore’s Marina Bay Sands (MBS).

The impressive result included an all-time high in quarterly Adjusted Property EBITDA of US$544 million at MBS, double the US$273 million reported during the same period in 2022 and up from US$491 million in the September 2023 quarter. It also puts the Singapore icon well and truly above the quarterly run-rate required to achieve the company’s stated ambition of reaching annual EBITDA of US$2 billion.

LVS said MBS – which also achieved EBITDA margin of 51.3% – was aided by high hold on rolling play, which provided a positive impact on Adjusted Property EBITDA to the tune of US$71 million.

Net revenues of US$1.06 billion were 55.6% higher year-on-year and 3.9% higher quarter-on-quarter, and included casino revenues of US$741 million.

In Macau, subsidiary Sands China recorded Adjusted Property EBITDA of US$654 million, up from US$631 million in Q3 despite a US$40 million negative impact from low hold in rolling.

Net revenue from Macau operations reached US$1.86 billion compared with US$1.78 billion in Q3 and just US$444 million in 4Q22. The Venetian Macao again led the way with net revenues of US$748 while The Londoner Macao contributed US$589 million, The Parisian Macao US$222 million and The Plaza Macao and Four Seasons US$192 million.

Group-wide net revenues for LVS reached US$2.92 billion, up 161% year-on-year and 4.3% quarter-on-quarter.

For FY23, LVS reported net revenues of US$10.4 billion, up 152% year-on-year.  Marina Bay Sands recorded revenues of US$3.85 billion and Adjusted EBITDA of US$1.86 billion, while Sands China recorded revenues of US$6.56 billion and Adjusted EBITDA of US$2.22 billion.

“We were extremely pleased with our financial and operating results for the quarter, which reflect the ongoing improvement in the operating environment in both Macau and Singapore,” said LVS Chairman and CEO, Robert Goldstein.

“In Macau, the ongoing recovery across all segments continued during the quarter.  Our decades-long commitment to making investments that enhance the business and leisure tourism appeal of Macau and support its development as a world center of business and leisure tourism positions us well as the ongoing recovery in travel and tourism spend progresses.

“In Singapore, Marina Bay Sands once again delivered outstanding levels of financial and operating performance. Our new suite product and elevated service offerings position us well as airlift capacity continues to improve and the recovery in travel and tourism spending from China and the wider region continues to advance.

“We are fortunate that our financial strength supports our ongoing investment and capital expenditure programs in both Macau and Singapore, our pursuit of growth opportunities in new markets, and the return of capital to stockholders.”

RelatedPosts

Macau GGR hits new post-pandemic high of MOP$20.8 billion in October

JP Morgan: Q2 shaping as Macau’s first “non-miss” quarter in some time after strong May GGR result

Mon 2 Jun 2025 at 13:12
Less than one month remaining to MGS Summit 2022

Macau GGR sets new post-COVID high of MOP$21.2 billion in May

Sun 1 Jun 2025 at 12:53
RGB International signs agreement to distribute KL Saberi and Atlas gaming machines

After record-breaking sales in 2024, Malaysia’s RGB sees 1Q25 profit fall to US$3.2 million

Sat 31 May 2025 at 05:53
Robert Goldstein to step aside as LVS Chairman and CEO from March 2026, replaced by Patrick Dumont

Robert Goldstein: Macau gaming market challenged by increased competition, online gambling and US-Sino trade war

Fri 30 May 2025 at 06:42
Load More
Tags: 2023adjusted ebitdaLas Vegas SandsMacauMarina Bay SandsrevenueSands ChinaSingapore
Share15Share3
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

Jeju Dream Tower casino sales down 7.4% in March

Korea’s Jeju Dream Tower continues growth spurt as May gaming revenues hit US$30 million

by Newsdesk
Mon 2 Jun 2025 at 18:56

Lotte Tour’s Korean integrated resort, Jeju Dream Tower, appears to be on a roll with casino revenues surging yet again in May to KRW41.4 billion (US$30.1 million) – up 52.5% year-on-year and 25.8% higher than in April. Casino revenues have...

More reasons to visit Clark

Hann Resorts said to have filed prospectus for US$212 million IPO

by Ben Blaschke
Mon 2 Jun 2025 at 18:42

Clark’s Hann Resorts is said to have filed a prospectus with the Philippine Stock Exchange for an initial public offering as it looks to raise up to Php11.8 billion (US$212 million). According to a report by Bloomberg, group entity Hann...

Survey on Australia-China relations finds most Australians keen to encourage more Chinese tourism

Regulating the Game launches Call for Speakers for 2026 event in Sydney

by Newsdesk
Mon 2 Jun 2025 at 13:24

Leading gambling law and regulation conference Regulating the Game has launched its Call for Speakers for its sixth edition, taking place from Monday 9 to Wednesday 11 March 2026 at the Sofitel Sydney Wentworth. Regulating the Game 2026 will welcome...

IAG launches public call for candidates for 2025 IAG Academy Awards at Manila’s Newport World Resorts on 9 September

IAG launches public call for candidates for 2025 IAG Academy Awards at Manila’s Newport World Resorts on 9 September

by Newsdesk
Mon 2 Jun 2025 at 13:18

Inside Asian Gaming is pleased to launch a public call for candidates for the 2025 IAG Academy IR Awards, part of the IAG EXPO taking place at Manila’s Newport World Resorts from 8 to 10 September 2025. This year’s IAG Academy...



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

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
  • 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