{"id":34603,"date":"2022-10-20T07:52:37","date_gmt":"2022-10-20T10:52:37","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=34603"},"modified":"2026-04-23T03:46:58","modified_gmt":"2026-04-23T06:46:58","slug":"sands-china-posts-net-loss-of-us472m-for-q3","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sands-china-posts-net-loss-of-us472m-for-q3","title":{"rendered":"Sands China posts net loss of US$472m for Q3"},"content":{"rendered":"\n<p>Sands China has posted negative adjusted property EBITDA of MOP1.2bn (US$152m) for the third quarter of the year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- <strong>Sands China<\/strong> has shared its financial results for the third quarter of the year. It posted a net loss of <strong>MOP3.8bn<\/strong> (US$472m) compared to MOP3.4bn (US$423m) in the same period last year. Net revenue was MOP2bn (US$251m), 41 per cent of that recorded in the same period last year (MOP4.9bn).<\/p>\n\n\n\n<p>The casino operator posted negative <strong>adjusted property EBITDA of MOP1.2bn (US$152m)<\/strong>, compared with positive EBITDA of MOP258m (US$32m) in the third quarter of 2022. Results were heavily affected by the two-week&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-casinos-will-remain-closed-for-another-five-days\" target=\"_blank\">closure of casinos<\/a>&nbsp;in Macau in July and the lack of tourists due to a new outbreak of Covid-19 cases.<\/p>\n\n\n\n<p>Robert G. Goldstein, Sands China CEO and chairman, said: &#8220;We remain enthusiastic about the opportunity to welcome more guests back to our properties as greater volumes of visitors are able to travel to Macau.&#8221;<\/p>\n\n\n\n<p>He said the company had confidence in Macau\u2019s tourism recovery and long-term growth prospects.<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/sands-china-posts-net-loss-of-us422m-for-q2\" target=\"_blank\">In the second quarter of the year<\/a>, Sands China had reported a net loss of US$422m. Revenue plunged by 56 per cent year-on-year to US$368m<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sands China has posted negative adjusted property EBITDA of MOP1.2bn (US$152m) for the third quarter of the year.<\/p>\n","protected":false},"author":176,"featured_media":32939,"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 Q3 net loss of MOP3.8bn (US$472m) and negative adjusted property EBITDA of MOP1.2bn (US$152m), significantly impacted by Macau's two-week casino closure and reduced tourism due to a Covid-19 outbreak. Net revenue plunged to MOP2bn (US$251m), representing 41% of the prior year's period. Despite the downturn, CEO Robert G. Goldstein expressed confidence in Macau's long-term tourism recovery.","focusai_entities":"Sands China, Robert G. Goldstein","focusai_location":"Macau","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":"Macau Recovery Timeline","query":"What specific indicators or policy changes are Sands China monitoring to project a definitive timeline for Macau's tourism recovery and a return to pre-pandemic GGR levels?"},{"label":"Operational Cost Structure","query":"How has Sands China adjusted its operational cost structure and capital expenditure plans in response to sustained negative EBITDA, and what are the implications for future profitability margins?"}],"footnotes":""},"categories":[16338,163],"tags":[1642,23906,21680],"class_list":["post-34603","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-las-vegas-sands","tag-macau-casinos","tag-sands-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34603","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=34603"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34603\/revisions"}],"predecessor-version":[{"id":34642,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34603\/revisions\/34642"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/32939"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=34603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=34603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=34603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}