{"id":777022454,"date":"2025-01-30T08:51:02","date_gmt":"2025-01-30T11:51:02","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777022454"},"modified":"2026-04-22T02:18:05","modified_gmt":"2026-04-22T05:18:05","slug":"sands-china-net-revenue-declines-in-q4","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sands-china-net-revenue-declines-in-q4","title":{"rendered":"Sands China net revenue declines in Q4"},"content":{"rendered":"\n

Net revenue was down 5 per cent in year-on-year terms.<\/p>\n\n\n\n\n\n\n\n

Macau.- Sands China<\/strong> has shared its financial results for the fourth quarter of the year 2024. Net revenue<\/strong> was US$1.77bn, down 5 per cent year-on-year and flat in quarter-on-quarter terms<\/a>.<\/p>\n\n\n\n

Net income<\/strong> was US$277m, down 3.9 per cent year-on-year. The group\u2019s adjusted property earnings before interest, taxation, depreciation and amortisation (EBITDA)\u00a0<\/strong>was down 2.7 per cent compared to the fourth quarter of 2023 at US$571m. This was attributed to a low hold on rolling play.<\/p>\n\n\n\n

The\u00a0Venetian Macao\u00a0<\/strong>generated net revenue of US$682m. Casino revenue was US$534m, compared to US$607m a year before. The Venetian Macao\u2019s adjusted property EBITDA was US$250m. The venue had a hotel occupancy of 99.5 per cent.<\/p>\n\n\n\n

The\u00a0Londoner Macao\u00a0<\/strong>generated net revenue of US$518m. Casino revenue was US$387m, compared to US$433m in the fourth quarter of 2023. The\u00a0Parisian Macao\u00a0<\/strong>generated net revenue of US$228m and casino revenue of US$171m. The adjusted property EBITDA was US$69m and hotel occupancy was 99.5 per cent.<\/p>\n\n\n\n

The\u00a0Plaza Macao\u00a0<\/strong>posted net revenue of US$223m, up 16.1 per cent in year-on-year terms. Casino revenue was US$142m, up 33.1 per cent compared to the fourth quarter of 2023. The casino venue\u2019s adjusted property EBITDA was US$83m. Hotel occupancy was 97.3 per cent. Sands Macao\u00a0<\/strong>posted net revenue of US$86m, up 6.1 per cent year-on-year. Casino revenue was US$78m, EBITDA US$20m and hotel occupancy was 99.1 per cent.<\/p>\n\n\n\n

Robert G. Goldstein<\/strong>, Sands China CEO and chairman said: \u201cIn Macau, the ongoing recovery continued during the quarter, although spend per visitor in the market remains below the levels reached prior to the pandemic. Our decades-long commitment to making investments that enhance the business and leisure tourism appeal of Macao and support its development as a world center of business and leisure tourism positions us well as the recovery in travel and tourism spending progresses.”<\/p>\n\n\n\n

For the full year 2024, the casino operator posted a total net revenue of US$7.08bn<\/strong>, up 8.4 per cent in year-on-year terms. Net income was US$1.05bn, compared to a net income of US$696bn in 2023. Adjusted property EBITDA was US$2.33bn.<\/p>\n\n\n\n

See also: <\/strong>Sands China introduces Alipay Tap!<\/a><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Net revenue was down 5 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 a Q4 2024 net revenue of US$1.77bn, a 5% year-on-year decrease, with net income down 3.9% and adjusted property EBITDA declining 2.7% due to low hold on rolling play. Despite this quarterly dip, the full fiscal year 2024 saw total net revenue rise 8.4% to US$7.08bn, reflecting an ongoing, albeit uneven, recovery in the Macau market where visitor spend per capita remains below pre-pandemic levels.","focusai_entities":"Sands China, Robert G. Goldstein, The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza Macao, Sands Macao","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), operator_casino (1.0), marketing_crm (0.75), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Rolling Play Impact","query":"What specific operational adjustments or marketing initiatives is Sands China implementing to address the 'low hold on rolling play' and optimize high-roller segment profitability in the coming quarters?"},{"label":"Visitor Spend Recovery","query":"With visitor volume recovering but spend per visitor lagging pre-pandemic levels, what strategic initiatives is Sands China pursuing to enhance average revenue per user (ARPU) across its integrated resort offerings in Macau?"}],"footnotes":""},"categories":[16338,163],"tags":[23907,23906,21680],"class_list":["post-777022454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-land-based-casino","tag-macau-casinos","tag-sands-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022454","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=777022454"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022454\/revisions"}],"predecessor-version":[{"id":777022479,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022454\/revisions\/777022479"}],"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=777022454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777022454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777022454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}