Sands China keeps growing

Sands China has published its comprehensive analysis of gaming results for the 17Q3 period.

Macau.- Sands China’s total net gaming revenue rose 12.2 percent to US$1.93 billion in the third quarter of 2017, whilst net income totaled US$403 million, an increase of 24.4 percent year on year, as the company revealed this week in an official statement. As the company kept growing during this period, the operators announced further investments in their local casinos Sands Cotai Central and Four Seasons Hotel Macau.

“Now clearly established as a ‘must see’ destination for visitors to Cotai, The Parisian Macao delivered sequential growth in visitation, hotel occupancy, ADR and gaming volumes,” said the company. “We expect The Parisian Macao to deliver continued growth in the years ahead as we further align the property’s suite of offerings to appeal to every segment of the evolving Macau market.”

As revealed by the chairman and chief executive officer of Las Vegas Sands, Sheldon Adelson, mass and VIP gaming volumes for Sands in Macau reached further growth in the overall Macau market. Adelson also commented that the “strong gaming performance, along with higher hotel occupancy and retail mall revenues helped drive an adjusted property EBITDA to US$652 million, its best quarterly result since the fourth quarter of 2014.”