{"id":18626,"date":"2021-06-03T15:34:59","date_gmt":"2021-06-03T15:34:59","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=18626"},"modified":"2026-04-23T18:55:30","modified_gmt":"2026-04-23T21:55:30","slug":"sands-expects-the-londoner-to-see-similar-revenue-to-the-venetian","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sands-expects-the-londoner-to-see-similar-revenue-to-the-venetian","title":{"rendered":"Sands expects The Londoner to see similar revenue to The Venetian"},"content":{"rendered":"\n

Las Vegas Sands’ CEO has said the company’s London-inspired casino resort has the potential to reach the same performance levels as The Venetian.<\/p>\n\n\n\n\n\n\n\n

Macau.- Rob Goldstein, Las Vegas Sands’ chairman and CEO, has said that the recently opened\u00a0The Londoner on the Cotai Strip is expected to reach the same level of revenue as The Venetian<\/strong>.<\/p>\n\n\n\n

Patrick Dumont<\/strong>, president and COO of the company, also expressed his opinion at the 2021 Strategic Decisions Conference held by brokerage\u00a0Sandford C. Bernstein<\/strong>.<\/p>\n\n\n\n

The Londoner<\/a>\u00a0Phase I officially\u00a0opened in February<\/strong>. LVS expects to complete its development throughout 2021.<\/p>\n\n\n\n

The casino will have a capacity for up to 450 tables and 2,000 slot machines<\/strong>. It will be able to seat 1,700, while an additional 370,000 square feet of meeting space will cater to the MICE market.<\/p>\n\n\n\n

According to analysts at financial services firm Deutsche Bank, Sands China<\/a> accounted for 24.1 per cent of Macau GGR in the first quarter of the year.<\/p>\n\n\n\n

Sands China<\/a>\u00a0saw net revenue of US$771m<\/strong>, a 5 per cent year-on-year decline compared to the first quarter of 2020 but a\u00a015.1 per cent increase from revenue of US$675m in the fourth quarter of 2020<\/strong>.<\/p>\n\n\n\n

The Venetian Macau contributed\u00a0US$340m <\/strong>during the first quarter of the year, while\u00a0the Londoner reached US$137m<\/strong>.<\/p>\n\n\n\n

In March, the company announced it was planning to\u00a0sell its world-famous Venetian casino<\/a>\u00a0for US$6.25bn to invest in its Asian businesses.<\/p>\n\n\n\n

Chairman and CEO Rob Goldstein said: \u201cAsia remains the backbone of this company and our developments in Macau and Singapore are the center of our attention<\/strong>. We will always look for ways to reinvest in our properties and those communities.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Las Vegas Sands’ CEO has said the company’s London-inspired casino resort has the potential to reach the same performance levels as The Venetian.<\/p>\n","protected":false},"author":176,"featured_media":0,"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' CEO, Rob Goldstein, projects The Londoner Macau will achieve revenue parity with The Venetian Macau, underscoring the company's strategic pivot towards its Asian integrated resort portfolio. This outlook follows Sands China's Q1 performance, which reported US$771m net revenue and a significant contribution from its Macau properties, concurrent with a US$6.25bn divestment of its Las Vegas assets to fuel Asian expansion.","focusai_entities":"Las Vegas Sands, Rob Goldstein, The Londoner, The Venetian, Patrick Dumont, Sandford C. Bernstein, Sands China, Deutsche Bank","focusai_location":"Macau, Singapore, United States","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Londoner GGR Trajectory","query":"What specific market conditions, operational efficiencies, and MICE segment penetration are projected to enable The Londoner Macau to achieve GGR parity with The Venetian Macau within the current regulatory and competitive landscape?"},{"label":"Asian Capital Reallocation","query":"How will the US$6.25bn proceeds from the Venetian Las Vegas divestment be strategically allocated across LVS's Asian portfolio, and what are the anticipated ROI timelines and key performance indicators for these reinvestments in Macau and Singapore?"}],"footnotes":""},"categories":[28,16338,158],"tags":[1642,23906,21680,22894],"class_list":["post-18626","post","type-post","status-publish","format-standard","hentry","category-casino-news","category-east-asia-news","category-slider-home","tag-las-vegas-sands","tag-macau-casinos","tag-sands-china","tag-the-londoner"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18626","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=18626"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18626\/revisions"}],"predecessor-version":[{"id":18644,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18626\/revisions\/18644"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=18626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=18626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=18626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}