The casino operator says it remains optimistic despite losses.<\/p>\n\n\n\n\n\n\n\n
Macau.- Casino operator Sands China has reported figures for the third quarter showing MOP4.4bn (US$562m) in net losses and a 92.1 per cent decrease in total net revenues compared to the same period last year.<\/p>\n\n\n\n
Adjusted EBITDA losses reached US$233m.<\/p>\n\n\n\n
According to the figures, Sands China reported US$279 million in construction, development and maintenance expenses in Macau.<\/p>\n\n\n\n
However, the company remains optimistic and forecasts a near recovery. Bernstein analysts consider that Sands is actually currently trending EBITDA-positive during October. The brokerage said the confidence of the company comes from big expectations for the resumption of visas for visitors from mainland China.<\/p>\n\n\n\n
Bernstein analysts said in a note: “In Macau, the company is seeing strong performance across premium mass and retail in recent weeks. Premium mass is by far the best-performing segment, followed by base mass and then VIP. <\/p>\n\n\n\n
“Most overnight visitors in October are coming from non-Guangdong province. Junket VIP has been slow to recover, but only represents ~4 per cent of Sands\u2019 EBITDA last year according to management.”<\/p>\n","protected":false},"excerpt":{"rendered":"
The casino operator says it remains optimistic despite losses.<\/p>\n","protected":false},"author":2,"featured_media":11133,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Sands China reported Q3 net losses of US$562m and a 92.1% decrease in total net revenues, alongside US$233m in Adjusted EBITDA losses. Despite these figures, the operator maintains optimism for a near recovery, with Bernstein analysts noting an October EBITDA-positive trend driven by strong premium mass performance and anticipated resumption of mainland China visas to Macau.","focusai_entities":"Sands China, Bernstein","focusai_location":"Macau, China, Guangdong","focusai_target_profile":"ceo_executive (0.95), regulator (0.7), operator_casino (0.9), marketing_crm (0.75), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Recovery Timeline","query":"What specific regulatory or policy milestones, beyond visa resumption, are critical for Sands China to achieve its forecasted near-term recovery and sustained EBITDA positivity in Macau?"},{"label":"Segment Profitability Shift","query":"How does the strong performance of the premium mass segment, relative to the slow recovery of junket VIP, alter Sands China's long-term capital allocation and marketing strategies within its Macau portfolio?"}],"footnotes":""},"categories":[160,161,16338,163,158],"tags":[257],"class_list":["post-11120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-daily-news","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\/11120","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=11120"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11120\/revisions"}],"predecessor-version":[{"id":11134,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11120\/revisions\/11134"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/11133"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=11120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=11120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=11120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}