{"id":777017559,"date":"2024-07-25T09:48:42","date_gmt":"2024-07-25T12:48:42","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777017559"},"modified":"2026-04-22T07:49:13","modified_gmt":"2026-04-22T10:49:13","slug":"sands-china-posts-net-revenue-of-us1-75bn-for-q2","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sands-china-posts-net-revenue-of-us1-75bn-for-q2","title":{"rendered":"Sands China posts net revenue of US$1.75bn for Q2"},"content":{"rendered":"\n

Net revenue was up 8 per cent in year-on-year terms.<\/p>\n\n\n\n\n\n\n\n

Macau.- Sands China has shared its financial results for the second quarter of the year. The company posted net revenue of US$1.75bn, down 3.3 per cent from the US$1.80bn posted in the previous quarter<\/a> but up 8 per cent in year-on-year terms.<\/p>\n\n\n\n

Net income was US$246m, up 31.6 per cent year-on-year but down by 17.2 per cent versus Q1. The group\u2019s adjusted property earnings before interest, taxation, depreciation and amortisation (EBITDA<\/strong>) <\/strong>was S$561m, compared to an adjusted property EBITDA of US$541m for the second quarter of 2023.<\/p>\n\n\n\n

The Venetian Macao <\/strong>generated net revenue of US$686m. Casino revenue was US$556m, compared to US$523m in the second quarter of 2023. The Venetian Macao\u2019s adjusted property EBITDA was US$262m. The Londoner Macao<\/a> <\/strong>generated net revenue of US$444m, while casino revenue reached US$318m. Adjusted property EBITDA was US$103m. <\/p>\n\n\n\n

The Parisian Macao <\/strong>generated net revenue of US$265m. Casino revenue was US$207m, compared to US$183m in the second quarter of 2023. The casino venue\u2019s adjusted property EBITDA was US$83m. The Plaza Macao <\/strong>posted net revenue of US$250m. Casino revenue was US$178m, compared to US$150m in the second quarter of 2023. The casino venue\u2019s adjusted property EBITDA was US$100m.<\/p>\n\n\n\n

The Sands Macao <\/strong>posted net revenue of US$79m. Casino revenue was US$70m, compared to US$76m in the second quarter of 2023. The casino venue\u2019s adjusted property EBITDA was US$10m.<\/p>\n\n\n\n

Robert G. Goldstein<\/strong>, Sands China CEO and chairman said: \u201cIn Macao, the ongoing recovery continued during the quarter, although visitation to the market remains well below the levels reached before the pandemic.<\/p>\n\n\n\n

“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 as well as the recovery in travel and tourism spending progress.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Net revenue was up 8 per cent in year-on-year terms.<\/p>\n","protected":false},"author":176,"featured_media":26755,"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 Q2 net revenue of US$1.75bn, an 8 per cent year-on-year increase, despite a 3.3 per cent sequential decline. Net income rose 31.6 per cent year-on-year to US$246m, with adjusted property EBITDA reaching US$561m. CEO Robert G. Goldstein noted the ongoing recovery in Macau, though visitation remains below pre-pandemic levels.","focusai_entities":"Sands China, The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza Macao, The Sands Macao, Robert G. Goldstein","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), supplier_vendor (0.7), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Recovery Trajectory","query":"Given the CEO's commentary on visitation remaining below pre-pandemic levels, what specific operational adjustments or strategic investments is Sands China implementing to accelerate the recovery of non-gaming revenue verticals and optimize GGR per visitor?"},{"label":"Capital Allocation Strategy","query":"With varying EBITDA performance across its Macau properties, how does Sands China plan to allocate capital expenditure in the coming quarters to enhance asset performance and drive further growth, particularly in light of the ongoing market recovery?"}],"footnotes":""},"categories":[16338,163],"tags":[21680],"class_list":["post-777017559","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\/777017559","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=777017559"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017559\/revisions"}],"predecessor-version":[{"id":777017590,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017559\/revisions\/777017590"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26755"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777017559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777017559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777017559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}