{"id":777007494,"date":"2023-07-21T06:56:48","date_gmt":"2023-07-21T09:56:48","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777007494"},"modified":"2026-04-22T19:47:31","modified_gmt":"2026-04-22T22:47:31","slug":"sands-china-posts-net-revenue-of-us1-62bn-for-q2","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sands-china-posts-net-revenue-of-us1-62bn-for-q2","title":{"rendered":"Sands China posts net revenue of US$1.62bn for Q2"},"content":{"rendered":"\n<p>Net revenue was up 316.4 per cent in year-on-year terms.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.-\u00a0<strong>Sands China<\/strong>\u00a0has shared its financial results for the second quarter of the year 2023. Net revenue was up 316.4 per cent year-on-year to US$1.62bn while net income for the period amounted to US$187m, compared to a net loss of US$422m in the second quarter of 2022.<\/p>\n\n\n\n<p>The group\u2019s adjusted property earnings before interest, taxation, depreciation and amortisation (<strong>EBITDA<\/strong>)<strong>\u00a0<\/strong>for the second quarter was US$541m, compared to an EBITDA loss of US$110m for the second quarter of 2022. Capital expenditures totalled US$196m, including US$42m in Macau activities.<\/p>\n\n\n\n<p>The\u00a0<strong>Venetian Macao\u00a0<\/strong>posted net revenues of US$653m. Casino revenue was US$523m, compared to US$91m in the second quarter of 2022. The Venetian Macao\u2019s adjusted property EBITDA was US$252m.<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/las-vegas-sands-celebrates-completion-of-the-londoner-macao\" target=\"_blank\">The Londoner Macao<\/a>\u00a0reported net revenue of US$402m while casino revenue reached US$281m. Adjusted property EBITDA was US$103m. <\/p>\n\n\n\n<p><strong>Robert G. Goldstein<\/strong>, Sands China CEO and chairman said: &#8220;We remain deeply enthusiastic about the opportunity to continue our investments\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/sands-china-showcases-macaus-tourism-and-mice-offerings-in-singapore\" target=\"_blank\">to enhance Macao\u2019s tourism<\/a>\u00a0appeal to travellers from throughout the region, including to foreign visitors to Macao.<\/p>\n\n\n\n<p>&#8220;Our decades-long commitment to making investments that enhance the business and leisure tourism appeal of Macao 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.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Net revenue was up 316.4 per cent in year-on-year terms.<\/p>\n","protected":false},"author":176,"featured_media":12624,"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 significant financial rebound in Q2 2023, with net revenue surging 316.4% year-on-year to US$1.62bn and achieving a net income of US$187m, reversing a prior-year loss. This robust performance, driven by properties like The Venetian Macao and The Londoner Macao, underscores the ongoing recovery of the Macau gaming market, with management affirming continued strategic investments in the region's tourism infrastructure.","focusai_entities":"Sands China, Robert G. Goldstein, The Venetian Macao, The Londoner Macao","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Macau GGR Outlook?","query":"What is Sands China's revised GGR outlook for the remainder of 2023, specifically detailing projections for mass market and VIP segments given the Q2 performance?"},{"label":"Capital Allocation Strategy?","query":"How will the US$196m in Q2 capital expenditures, particularly the US$42m in Macau, impact future operational efficiencies and non-gaming revenue diversification?"}],"footnotes":""},"categories":[16338,163],"tags":[21680],"class_list":["post-777007494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-sands-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007494","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=777007494"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007494\/revisions"}],"predecessor-version":[{"id":777007517,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007494\/revisions\/777007517"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/12624"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777007494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777007494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777007494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}