Gaming operator Sands China Ltd reports net revenue in excess of $513 million for the last quarter of 2019.<\/p>\n\n\n\n\n\n\n\n
Macau.- Sands China Ltd<\/strong><\/em> recorded a 10.3 per cent year-on-year rise in net revenue to US$513 million in the last quarter of 2019, according to a filing by parent company Las Vegas Sands Corp.<\/p>\n\n\n\n In terms of net income, Sands China saw a slight 0.8 per cent year-on-year decrease to US$2.24 billion during the same period.<\/p>\n\n\n\n “We remain enthusiastic about our future growth opportunities in Asia,” Las Vegas Sands Corp CEO, Sheldon Adelson, said. <\/p>\n\n\n\n “This year, we will introduce approximately two million square feet of luxurious suite accommodations on Cotai with the opening of the Grand Suites at Four Seasons Macao and The Londoner Tower Suites. Additional tourism and entertainment amenities of The Londoner Macao will debut throughout 2020 and 2021,” he added.<\/p>\n\n\n\n Sands China saw full-year 2019 net income rise 1.8 percent year-on-year to US$8.81 billion as net revenue increased 7.3 percent to US$2.04 billion.<\/p>\n\n\n\n According to analysts from brokerage Sanford C. Bernstein, Sands gained GGR market share partly due to an increase in VIP revenue, which went from 23.2 per cent of total revenue in the previous quarter to 24.3 per cent in the fourth quarter.<\/p>\n\n\n\n The group is planning to invest more than US$5 billion in capital projects in both Macau and Singapore for the next few years.<\/p>\n","protected":false},"excerpt":{"rendered":" Gaming operator Sands China Ltd reports net revenue in excess of $513 million for the last quarter of 2019.<\/p>\n","protected":false},"author":2,"featured_media":2957,"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 Ltd reported a 10.3% year-on-year increase in net revenue to US$513 million for Q4 2019, with full-year net income rising 1.8% to US$8.81 billion. The operator gained GGR market share, partly driven by an increase in VIP revenue, and plans over US$5 billion in capital projects in Macau and Singapore, including the phased debut of The Londoner Macao.","focusai_entities":"Sands China Ltd, Las Vegas Sands Corp, Sheldon Adelson, Sanford C. Bernstein","focusai_location":"Macau, Singapore, Cotai","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":"VIP Revenue Sustainability?","query":"Given the reported GGR market share gain attributed to VIP revenue, what are the long-term sustainability projections for this segment amidst evolving regulatory and geopolitical landscapes in Macau?"},{"label":"Capital Project ROI?","query":"What are the projected returns on investment and anticipated timeline for EBITDA contribution from the US$5 billion capital projects in Macau and Singapore, particularly for The Londoner Macao's phased debut?"}],"footnotes":""},"categories":[160,16338,163],"tags":[1642,257,168],"class_list":["post-2953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-east-asia-news","category-finance-news","tag-las-vegas-sands","tag-macau","tag-marina-bay-sands"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2953","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=2953"}],"version-history":[{"count":7,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2953\/revisions"}],"predecessor-version":[{"id":777018377,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2953\/revisions\/777018377"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/2957"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=2953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=2953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=2953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}