{"id":777025681,"date":"2025-04-24T02:15:17","date_gmt":"2025-04-24T05:15:17","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777025681"},"modified":"2026-04-21T23:37:04","modified_gmt":"2026-04-22T02:37:04","slug":"sands-china-net-revenue-declines-in-q1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sands-china-net-revenue-declines-in-q1","title":{"rendered":"Sands China net revenue declines in Q1"},"content":{"rendered":"\n

Net revenue was down 5.7 per cent in year-on-year terms.<\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0Sands China<\/strong> has shared its financial results for the first quarter of the year. Net revenue was US$1.70bn, down 3.96 per cent\u00a0in quarter-on-quarter terms<\/a> and 5.7 per cent when compared to last year. Net income was US$202m, down 32 per cent year-on-year<\/a>.<\/p>\n\n\n\n

The group\u2019s adjusted property earnings before interest, taxation, depreciation and amortisation (EBITDA<\/strong>)\u00a0<\/strong>was US$535m, down 12.3 per cent in year-on-year terms. Capital expenditures totalled US$379m, including US$197m for construction, development and maintenance activities in Macau.<\/p>\n\n\n

\n
\"Sands<\/figure>\n<\/div>\n\n\n

The\u00a0Venetian Macao\u00a0<\/strong>generated net revenue of US$638m, down 17.3 per cent year-on-year. Casino revenue was US$495m, down 22.4 per cent and adjusted property EBITDA was down 28.3 per cent to US$225m.\u00a0The venue had a hotel occupancy of 99.8 per cent.<\/p>\n\n\n\n

The\u00a0Londoner Macao\u00a0<\/strong>generated net revenue of US$529m, down 5.9 per cent. Casino revenue reached US$402m, down 4.1 per cent year-on-year. Adjusted property EBITDA was US$153m.\u00a0The venue had a hotel occupancy of 98.1 per cent.<\/p>\n\n\n\n

The Parisian Macao <\/strong>generated net revenue of US$227m, flat year-on-year. Casino revenue was US$173m. The casino venue\u2019s adjusted property EBITDA was US$66m. The occupancy rate was 99.8 per cent. The Plaza Macao <\/strong>posted net revenue of US$208m, up 46.5 per cent. Casino revenue was US$132m, compared to US$70m in the first quarter of 2024. The casino venue\u2019s adjusted property EBITDA was US$74m. The occupancy rate was 97.2 per cent.<\/p>\n\n\n\n

Sands Macao<\/strong> net revenue was US$75m, with casino revenue of US$68m, compared to US$69m in the first quarter of 2024. The venue\u2019s adjusted property EBITDA was US$10m. The occupancy rate was 98.8 per cent.<\/p>\n\n\n\n

Robert G. Goldstein<\/strong>, Sands China CEO and chairman said: “In Macau, while market growth has softened in the current environment, 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 well for future growth.”<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Macau GGR rises slightly in March<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

Net revenue was down 5.7 per cent in year-on-year terms.<\/p>\n","protected":false},"author":176,"featured_media":777022557,"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 5.7 per cent year-on-year decline in Q1 net revenue to US$1.70bn and a 32 per cent drop in net income to US$202m, with adjusted property EBITDA also down 12.3 per cent. While overall market growth in Macau has softened, individual properties showed varied performance, with The Plaza Macao experiencing significant revenue growth. CEO Robert G. Goldstein reiterated the company's long-term commitment to Macau's tourism development despite current market conditions.","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 (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Market Outlook?","query":"Given the 'softening' market growth in Macau, what specific strategic adjustments, beyond long-term investment, is Sands China implementing to mitigate revenue declines and enhance NGR across its diverse property portfolio?"},{"label":"Capital Allocation Strategy?","query":"With US$379m in Q1 capital expenditures, how is Sands China prioritizing these investments across its Macau properties to drive future growth, particularly in non-gaming verticals, and what is the projected ROI on these allocations?"}],"footnotes":""},"categories":[16338,163],"tags":[257,21680],"class_list":["post-777025681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-macau","tag-sands-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025681","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=777025681"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025681\/revisions"}],"predecessor-version":[{"id":777025723,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025681\/revisions\/777025723"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777022557"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777025681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777025681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777025681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}