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.”

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Seminole Hard Rock Support Services
Seminole Hard Rock Support Services
Metropolitan Gaming
Holland Casino
Nederlandse Loterij
Follow Us

Facing Facts: Q1 2024 analysis from across the globe

Gambling Insider tracks the Q1 results of operators across t...

Taking Stock: A guide to sports betting operator and supplier prices

Gambling Insider tracks sports betting operator and supplier...

Tailor-made: The power of personalisation in the modern gaming industry

With insights from GR8 Tech, Greentube and the Oregon Lotter...

Sportradar and the Taiwan Sports Lottery: More offerings, greater efficiency

Danny Fok, VP of Strategic Projects at Sportradar, speaks al...