{"id":31963,"date":"2022-07-21T02:46:54","date_gmt":"2022-07-21T05:46:54","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=31963"},"modified":"2026-04-23T06:40:46","modified_gmt":"2026-04-23T09:40:46","slug":"marina-bay-sands-net-revenue-up-107-6-in-q2","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/marina-bay-sands-net-revenue-up-107-6-in-q2","title":{"rendered":"Marina Bay Sands net revenue up 107.6% in Q2"},"content":{"rendered":"\n

Net revenue at Marina Bay Sands reached US$679m in the second quarter of the year.<\/p>\n\n\n\n\n\n\n\n

Singapore.-\u00a0Marina Bay Sands<\/strong>\u00a0has shared its financial results for the second quarter of the year. It’s posted net revenue of US$679m, up 107.6 per cent year-on-year. Adjusted earnings before interest, taxation, depreciation and amortization (EBITDA) rose by 184.8 per cent to US$319m.<\/p>\n\n\n\n

Casino revenue at Marina Bay Sands <\/strong>increased 124.2 per cent year-on-year to US$500m. Rolling chip volume for VIP play was up 781.4 per cent to just over US$5.39bn. The casino operator reported that the mass-market chip drop was just under US$1.14bn, up 105.6 per cent.<\/p>\n\n\n\n

Singapore’s government<\/a>\u00a0has expressed confidence that visitor numbers will be at least two-thirds higher in the second half of the year than in the first. The\u00a0Singapore Tourism Board (STB)<\/strong>\u00a0expects \u201cbetween 4 and 6 million\u201d international visitor arrivals for the whole of 2022.<\/p>\n\n\n\n

In April, authorities announced the reopening of borders to all fully vaccinated travellers<\/a>. The announcement brought a strong growth in the volume of air passengers<\/a> arriving in the country.<\/p>\n\n\n\n

Marina Bay Sands licence extended until April 2025 <\/h2>\n\n\n\n

Singapore’s Casino Regulatory Authority has extended Marina Bay Sands’ licence for three years until April 2025, confirming that it has complied with the Casino Control Act. The extension was delayed due to\u00a0changes to Singapore\u2019s gaming legislation<\/a>.<\/p>\n\n\n\n

In March, the Singapore parliament approved the\u00a0Gambling Regulatory Authority of Singapore Bill<\/strong>\u00a0and the\u00a0Gambling Control Bill.<\/strong>\u00a0The former will create the Gambling Regulatory Authority (GRA) as a single regulator for all forms of gambling.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Net revenue at Marina Bay Sands reached US$679m in the second quarter of the year.<\/p>\n","protected":false},"author":176,"featured_media":18489,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Marina Bay Sands reported robust Q2 financial performance, with net revenue up 107.6% to US$679m and casino revenue increasing 124.2% to US$500m, driven by significant growth in both VIP rolling chip volume and mass-market drop. Concurrently, its operating license has been extended until April 2025, following compliance with the Casino Control Act and amidst Singapore's ongoing legislative reforms to establish a unified Gambling Regulatory Authority.","focusai_entities":"Marina Bay Sands, Singapore Tourism Board, Casino Regulatory Authority, Gambling Regulatory Authority","focusai_location":"Singapore","focusai_target_profile":"ceo_executive (0.95), regulator (0.95), compliance_legal (0.9), operator_casino (0.95), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q3 Growth Projections?","query":"Given the strong Q2 performance and the Singapore government's visitor number projections, what are the revised GGR and NGR forecasts for Marina Bay Sands for H2 2022, and how might the new GRA impact future operational expansion?"},{"label":"GRA Impact on Licensing?","query":"How will the transition to the Gambling Regulatory Authority (GRA) impact the ongoing compliance requirements and potential future licensing frameworks for integrated resorts in Singapore, particularly concerning B2B and B2C operations?"}],"footnotes":""},"categories":[16338,163,158],"tags":[23907,168],"class_list":["post-31963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-slider-home","tag-land-based-casino","tag-marina-bay-sands"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31963","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=31963"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31963\/revisions"}],"predecessor-version":[{"id":31996,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31963\/revisions\/31996"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18489"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=31963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=31963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=31963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}