{"id":20562,"date":"2021-07-22T16:14:59","date_gmt":"2021-07-22T16:14:59","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=20562"},"modified":"2026-04-23T17:19:49","modified_gmt":"2026-04-23T20:19:49","slug":"sands-china-posts-us166-in-net-losses-for-q2","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sands-china-posts-us166-in-net-losses-for-q2","title":{"rendered":"Sands China posts US$166 in net losses for Q2"},"content":{"rendered":"\n<p>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.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Casino operator\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/sands-china-and-galaxy-lead-macau-ggr-in-q1\">Sands China<\/a>\u00a0has reported figures for the second quarter of 2021, with US$166m in net losses and\u00a0<strong>revenues up at US$849m<\/strong>. <strong>Adjusted property EBITDA was US$132m<\/strong>, compared to a loss of US$312m for the second quarter of 2020.<\/p>\n\n\n\n<p>The largest proportion of revenue came from\u00a0<strong>The Venetian Macau, <\/strong>which generated US$391m, while\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/sands-expects-the-londoner-to-see-similar-revenue-to-the-venetian\">The Londoner<\/a> generated US$189m and the Parisian Macau US$101m.<\/p>\n\n\n\n<p><strong>Robert G. Goldstein<\/strong>, chairman and chief executive officer of Las Vegas Sands said: &#8220;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.<\/p>\n\n\n\n<p>&#8220;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.&#8221;&nbsp;<\/p>\n\n\n\n<p>For the first quarter,\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/sands-china-reports-revenue-of-us771m-for-q1\">Sands China<\/a>\u00a0reported<strong>\u00a0net revenue of US$771m<\/strong>, a 5 per cent year-on-year decline compared to the first quarter of 2020 but a\u00a0<strong>15.1 per cent increase from US$675m in the fourth quarter of 2020<\/strong>.<\/p>\n\n\n\n<p>The company made a\u00a0<strong>net loss of US$213m<\/strong>, compared to a loss of US$166m in the same quarter in 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":176,"featured_media":18580,"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 a net loss of US$166m for Q2 2021, a significant improvement from the US$549m loss in Q2 2020, with revenues reaching US$849m and positive adjusted property EBITDA of US$132m. This indicates a gradual recovery in the Macau gaming vertical, primarily driven by properties like The Venetian Macau, despite ongoing travel restrictions impacting visitor volumes.","focusai_entities":"Sands China, Las Vegas Sands, Robert G. Goldstein","focusai_location":"Macau, Singapore","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Recovery Outlook","query":"What specific regulatory or travel policy changes are anticipated in Macau and Singapore that could accelerate Sands China's GGR and NGR recovery trajectory in H2 2021 and beyond?"},{"label":"Property Performance Drivers","query":"Beyond overall visitor volumes, what specific non-gaming revenue streams or operational efficiencies contributed to the improved EBITDA performance at The Venetian Macau and The Londoner?"}],"footnotes":""},"categories":[28,16338],"tags":[23906,21680],"class_list":["post-20562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","tag-macau-casinos","tag-sands-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20562","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=20562"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20562\/revisions"}],"predecessor-version":[{"id":20610,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20562\/revisions\/20610"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18580"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=20562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=20562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=20562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}