President of Sands China, Wilfred Wong, said the Londoner Macau will have a full opening just ahead of October’s Golden Week.
Macau.- Wilfred Wong Ying Wai, president of Sands China Ltd, has said that The Londoner Macau will see its full opening in time for October’s Golden Week.
Phase I of the operator’s revamped and renamed Cotai casino resort was inaugurated in February with the resort’s Crystal Palace, inspired by the concept of the original Victorian structure at London’s Great Exhibition of 1851.
According to Wilfred Wong, the exteriors of the venue, including a replica of the Palace of Westminster’s Elizabeth Tower, known popularly as ‘Big Ben’, will be completed in coming months.
However, the 6,000–seat arena will not be completed until the first quarter of next year.
The Londoner casino has a capacity for up to 450 tables and 2,000 slot machines. In June, Rob Goldstein, Las Vegas Sands’ chairman and CEO, said it could reach the same level of revenue as The Venetian.
October’ Golden Week, coinciding with China’s National Day on October 1 is highly expected by the tourism and gaming sectors. Before the Covid-19 pandemic, it was a peak period for casino revenue.
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.
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.