Published
Land-BasedCasinoFinancial

Las Vegas Sands reports 82% year-on-year Q3 revenue decline

Casino operator Las Vegas Sands has reported an 82% year-on-year decline in revenue for Q3.

LVSLogo

Sands posted net revenue of $586m in the third quarter of 2020, representing a decrease of 82% from the same period in 2019, having reported revenue of $3.3bn last time out.

It was, however, a major increase from the $98m reported for Q2.

The figures come as a direct result of the safety measures in place amid the ongoing coronavirus pandemic.

Chairman and CEO Sheldon G. Anderson shared his thoughts in the company’s latest trading update: “I am pleased to say the recovery process from the COVID-19 pandemic continues to progress in each of our markets.

“Our greatest priority as the recovery continues remains our deep commitment to supporting our team members and to helping those in need in each of our local communities of Macao, Singapore and Las Vegas.

“We remain optimistic about the eventual complete recovery of travel and tourism spending across our markets, as well as our future growth prospects.

“We are fortunate that our financial strength supports our previously announced capital expenditure programs in both Macau and Singapore, as well as our pursuit of growth opportunities in new markets.”


Casino News Sponsor
Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Soft2Bet
Scientific Games
Digitain Malta
Follow Us

Facing Facts: Q3 2024 analysis

Gambling Insider takes a look at the Q3 results of operators...

Taking stock: The final count of 2024

Gambling Insider tracks operator and supplier prices of some...

CEO Special: Flutter CEO Peter Jackson – Playing to win

As the biggest publicly traded operator in gambling meets th...

CEO Special: Holland Casino CEO Petra de Ruiter – High flier

Petra de Ruiter, Holland Casino CEO, speaks to Gambling Insi...

A welcome from your host

A message from the Founder of the Global Gaming Awards and G...

From the event manager

A message from the Event Manager of the Global Gaming Awards...

From the Awards adjudicator

KPMG in the Crown Dependencies is the official voting adjudi...

The process

The Global Gaming Awards have deservingly earned the reputat...