Net revenue increased by 132 per cent on year-on-year terms.<\/p>\n\n\n\n\n\n\n\n
Macau.- Sands China<\/strong> has shared its financial results for the first quarter of the year 2023. It posted net revenue of US$1.28bn, up 132 per cent when compared to last year. Its net loss was US$10m, down from US$336m in the prior-year period and from US$348m in the previous quarter<\/a>.<\/p>\n\n\n\n The group\u2019s adjusted property earnings before interest, taxation, depreciation and amortisation (EBITDA<\/strong>) <\/strong>for the first quarter was US$398m, compared to negative US$11m for the first quarter of 2022. Some 3,800 rooms remained out of service due to labour constraints during the quarter.<\/p>\n\n\n\n The non-rolling table win in the mass market was US$911m<\/strong>, compared with US$354m in the same period last year. The figure represents 60 per cent of pre-pandemic levels. Slot machine win <\/strong>reached US$118m, up from US$29m a year ago and about 77 per cent of 2019 levels. Rolling win in the VIP segment<\/strong> was at 23 per cent of pre-pandemic levels at US$155m.<\/p>\n\n\n\n The Venetian Macao <\/strong>posted net sales of US$558m in the three months ended March 31. Casino revenue was US$446m, compared to US$157m in the first quarter of 2022. The Venetian Macao’s adjusted real estate EBITDA increased to US$210m from US$19m a year ago.<\/p>\n\n\n\n Robert G. Goldstein<\/strong>, Sands China CEO and chairman said: “In Macau, we were pleased to see the ongoing recovery now underway in all gaming and nongaming segments accelerate during the quarter. <\/p>\n\n\n\n “We remain deeply enthusiastic about the opportunity to continue our investments to enhance Macau\u2019s tourism appeal to travelers from throughout the region<\/strong>, including to foreign visitors to Macau. Our decades-long commitment to making investments that enhance the business and leisure tourism appeal of Macau and support its development as a world centre of business and leisure tourism positions us exceedingly well to deliver strong growth as visitation to the market increases and the recovery in travel and tourism spending proceeds.”<\/p>\n\n\n\n