The company will be the first operator to reveal its third-quarter results. It expects them to be better than Q2.<\/p>\n\n\n\n\n\n\n\n
Macau.- Las Vegas Sands, one of Macau’s “big six” casino operators, will reveal financial results this week for the third quarter of the year.<\/p>\n\n\n\n
The company, which operates venues in the US, Singapore and Macau, expects a net loss of US$0.44 a share, still a major hit after adjusted profit of $0.75 in the same period last year, but significantly better than the loss of $1.07.in Q2.<\/p>\n\n\n\n
According to the Zacks Consensus Estimate, revenue is likely to come in at $867.4 million, indicating a decline of 73.3 per cent compared to last year.<\/p>\n\n\n\n
The results are expected to have improved on the last quarter as the company\u2019s properties in all three locations are now open. However, none has seen the sharp pick up in business amid ongoing travel restrictions.<\/p>\n\n\n\n
Analysts say Melco Resorts & Entertainment and Galaxy Entertainment are both likely to see a recovery as they have a strong focus on the premium mass market and thus hit a spot between mass market and the high rollers, who have yet to return in high numbers. <\/p>\n","protected":false},"excerpt":{"rendered":"
The company will be the first operator to reveal its third-quarter results. It expects them to be better than Q2.<\/p>\n","protected":false},"author":2,"featured_media":11088,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Las Vegas Sands is set to report its Q3 financial results, anticipating a net loss of US$0.44 per share and revenue of $867.4 million, a significant improvement over Q2 but still substantially below prior year performance. Despite properties being open in Macau, US, and Singapore, ongoing travel restrictions continue to impede a robust recovery. Competitors like Melco Resorts & Entertainment and Galaxy Entertainment are projected to show stronger recovery due to their premium mass market focus.","focusai_entities":"Las Vegas Sands, Melco Resorts & Entertainment, Galaxy Entertainment, Zacks Consensus Estimate","focusai_location":"Macau, US, Singapore","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"LVS Recovery Trajectory?","query":"What specific operational adjustments or market segment shifts is Las Vegas Sands implementing to accelerate recovery beyond the current travel restriction environment, particularly in the premium mass market where competitors are gaining traction?"},{"label":"Macau Market Outlook?","query":"Given the differential recovery rates among Macau operators, what are the long-term implications for market share distribution and the competitive landscape once travel restrictions are fully lifted?"}],"footnotes":""},"categories":[160,16338,163,158],"tags":[257],"class_list":["post-11086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-east-asia-news","category-finance-news","category-slider-home","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=11086"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11086\/revisions"}],"predecessor-version":[{"id":11095,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11086\/revisions\/11095"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/11088"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=11086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=11086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=11086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}