Published
Financial

Sands China reports $849m in Q2 revenue

Sands China has reported net revenue of $849m for the three months ending 30 June 2021, compared to $40m for the same period in 2020.

SandsChina

The operator also managed to narrow net loss from $549m in the corresponding period, to $166m for Q2 2021; adjusted property EBITDA was $132m.

The Venetian Macau recorded $307m in casino revenue and brought in a total of $391m in revenue for the quarter, compared to $28m in 2020.

The Londoner Macao saw $133m in casino earnings, with net revenue for the property at $189m. The Parisian Macao reported $101m, while The Plaza Macao ended the quarter with $125m.

Sands Macao showed the lowest income of all venues with $42m in net revenues, though the difference is night and day between the Covid-19-impacted Q2 of 2020.

Las Vegas Sands is the company’s controlling shareholder and owns approximately 70% of the issued share capital of Sands China.

LVS reported $1.17bn in revenue for Q2 2021, with a loss of $139m. The operator is seeing an overall recovery, especially compared to the previous year, and LVS Chairman and CEO Robert G. Goldstein is optimistic.

“We remain enthusiastic about the opportunity to welcome more guests back to our properties as greater volumes of visitors are eventually able to travel to Macao and Singapore,” he said.

“Demand for our offerings from customers who have been able to visit remains robust, but pandemic-related travel restrictions in both Macao and Singapore continue to limit visitation and hinder our current financial performance.”

He added the operator is “confident in the eventual recovery in travel and tourism spending across our markets.”


Asia News Sponsor
Premium+ Connections
Premium

Imagine Live

 
Premium

PIN-UP Partners

 
Premium

GammaStack

 
Premium

Galaxsys

 
Premium

RISK

 
 
Premium

Lynon

 
Premium

Sport Generate

 
Premium

Revsharks

 
Premium

Digitain

 
Premium

1xBet Partners

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...