{"id":33599,"date":"2022-09-19T01:47:48","date_gmt":"2022-09-19T04:47:48","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=33599"},"modified":"2026-04-23T04:46:30","modified_gmt":"2026-04-23T07:46:30","slug":"shoppes-at-marina-bay-sands-revenue-increases-to-us55m","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/shoppes-at-marina-bay-sands-revenue-increases-to-us55m","title":{"rendered":"Shoppes at Marina Bay Sands revenue increases to US$55m"},"content":{"rendered":"\n

The shopping venue showed strong financial results in the April-June quarter.<\/p>\n\n\n\n\n\n\n\n

Singapore.- Shoppes at Marina Bay Sands<\/strong> saw revenue increase from S$39m to US$55m in the three months to June 30, aided by\u00a0the resumption of travel and easing of restrictions in Singapore<\/a>. MBS said it achieved 99.7 per cent retail occupancy in the second quarter and that Shoppes was “well positioned as a one-stop destination with a well-balanced mix of luxe and premium offerings for both local and international shoppers.”<\/p>\n\n\n\n

Hazel Chan<\/strong>, vice president of retail at Marina Bay Sands, said: \u201cThe strategy that we adopted in the last two years \u2013 maintaining our tenant mix integrity with a continued focus on the luxury sector and refocusing our efforts to acquire more local clientele \u2013 has paid off. <\/p>\n\n\n\n

“With the reopening of borders, we are also witnessing an influx of tourists with higher spending power and who desire curated experiences. Our strong \u2018premium to luxe\u2019 positioning has set us apart, allowing us to retain, acquire and grow our clientele base, especially ultra-luxe shoppers. <\/p>\n\n\n\n

“We will continue to identify and bring in even more exciting concepts to the retail mix that will elevate the overall shopping experience for our customers.\u201d<\/p>\n\n\n\n

For the second quarter,\u00a0the company also posted net revenue of US$679m<\/a>, 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","protected":false},"excerpt":{"rendered":"

The shopping venue showed strong financial results in the April-June quarter.<\/p>\n","protected":false},"author":176,"featured_media":18107,"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 results, with net revenue increasing 107.6% year-on-year to US$679m and adjusted EBITDA rising 184.8% to US$319m. Casino revenue surged 124.2% to US$500m, driven by a 781.4% increase in VIP rolling chip volume and a 105.6% rise in mass-market chip drop, attributed to eased travel restrictions and strategic focus on luxury clientele in Singapore.","focusai_entities":"Marina Bay Sands, Hazel Chan","focusai_location":"Singapore","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q3 Outlook","query":"What are the projected Q3 2022 GGR and NGR forecasts for Marina Bay Sands, considering the current trajectory of international travel and regional competitive dynamics?"},{"label":"VIP Segment Sustainability","query":"How sustainable is the reported 781.4% increase in VIP rolling chip volume, and what enhanced governance frameworks are in place to manage associated AML and responsible gambling risks given the high-value transactions?"}],"footnotes":""},"categories":[157,16333],"tags":[168],"class_list":["post-33599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-marina-bay-sands"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33599","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=33599"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33599\/revisions"}],"predecessor-version":[{"id":33607,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33599\/revisions\/33607"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18107"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=33599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=33599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=33599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}