Sands China posts US$166 in net losses for Q2

Sands China has reported a net loss of US$166m for the second quarter of 2021, compared to a loss of US$549m in the second quarter of 2020.

Macau.- Casino operator Sands China has reported figures for the second quarter of 2021, with US$166m in net losses and revenues up at US$849m. Adjusted property EBITDA was US$132m, compared to a loss of US$312m for the second quarter of 2020.

The largest proportion of revenue came from The Venetian Macau, which generated US$391m, while The Londoner generated US$189m and the Parisian Macau US$101m.

Robert G. Goldstein, chairman and chief executive officer of Las Vegas Sands said: “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 Macau and Singapore.

“We also remain deeply committed to supporting our team members and to helping those in need in each of our local communities as they recover from the impact of the Covid-19 pandemic.” 

For the first quarter, Sands China reported net revenue of US$771m, a 5 per cent year-on-year decline compared to the first quarter of 2020 but a 15.1 per cent increase from US$675m in the fourth quarter of 2020.

The company made a net loss of US$213m, compared to a loss of US$166m in the same quarter in 2020.