Sands China total net revenue grew 15.5% in Q1 2017
Sands China, which operates casinos in Macau has reported a year-on-year increase in its total net revenue of 15.5% in the first quarter of 2017.
Its total net revenue increased from US$1.62bn in Q1 2016 to $1.83bn for the same period of 2017 with profit increasing 11.% from $313m to $349m.
The largest proportion of the company’s net revenue came from the Venetian Macau casino resort, which generated net revenue of $742m in the first quarter of 2017, however this figure was down $5m from the same period in 2016.
Sands Cotai year-on-year net revenue decreased 12% from $525m in Q1 2016 to $462m for the first three months of 2017.
The Parisian Macau, which opened in September 2016 generated net revenue of $315m in the first quarter of 2017 down $26m from the same period in 2016.
Plaza Macau experienced a $5m drop in year-on-year net revenue, with Sands Macau generating an increase of $7m in its year-on-year net revenue for the first quarter of 2017.
Gambling Insider delivers the latest industry news, in-depth features, and operator reviews that you can trust. Our team combines rigorous editorial standards with decades of specialized expertise to ensure accuracy and fairness. We are committed to delivering clear, impartial, and dependable coverage across the global gambling sector.
