Tag Archives: Las Vegas Sands
Sands falls $60m short of general consensus but tips Macau to top out at $30bn next year
Las Vegas Sands saw its revenue increase by 8.7 per cent year-over-year during the quarter to $2.76bn, but fell $60m short of analyst predictions. Sands generated operating income was $591m, compared to $537m in the prior year quarter. Net income in the second quarter of 2024 was $424m, compared to $368m. “Our financial and operating results for the second quarter…
Personal best in Singapore helps lift Sands China by 42 per cent year-on-year
Record results in Singapore helped Las Vegas Sands generate revenue of $2.96bn in the first quarter of 2024, up 42 per cent from the $2.12bn in the prior year quarter. Operating income was $717m, compared to $378m in the prior year quarter. Net income in the first quarter of 2024 was $583m, compared to $145 million in the first quarter of 2023. “We…
Singapore – Marina Bay Sands labelled the ‘most valuable hotel building ever built’
Las Vegas Sands believes it can increase EBITDA at its Marina Bay Sands (MBS) casino in Singapore from the record US$1.86bn achieved in the fourth quarter of 2023 to US$3bn following completion of a fourth tower in 2030. Chairman and CEO Robert Goldstein went as far as to say that Marina Bay Sands was the…
China – Sands CEO predicts Macau can grow to $40bn sector quicker than analysts believe
Las Vegas Sands CEO believes the Macau casino sector could generate annual revenues of $40bn, much quicker than analysts are currently predicting. Speaking as Sands announced that its quarterly revenues has come in at $2.8bn, compared to $1.01bn in the prior year quarter, Robert G. Goldstein, chairman and chief executive officer, said: “We are only eight months into…
US – Sands looking to build the third biggest casino in the US in New York
Las Vegas Sands is looking to build the third biggest casino in the US if it wins approval to develop a 72-acre site into the Mitchel Field Integrated Resort District around Nassau Coliseum. The proposed square footage for the Sands New York casino has been detailed as 396,726, meaning it would only be smaller than WinStar World…
China – Sands sees uplift in travel and tourism spend
Las Vegas Sands reported a recovery in travel and tourism spending in both Macau and Singapore during the quarter ended June 30, 2023 with net revenue coming in at $2.54bn and net income coming in at $368m. “We were pleased to see the robust recovery in travel and tourism spending underway in both Macao and Singapore progress during the quarter. We remain enthusiastic…
Macau – Sands announces Macau is open to the world again with Londoner Macao’s full launch
The Londoner Macao was thrilled to host a grand celebration tonight to honor the completion of the integrated resort’s ambitious redesign and usher the Cotai Strip into a new chapter. A bold, British-themed reimagining of the Sands Cotai Central integrated resort, The Londoner Macao has been refined over the past two years in anticipation of an influx…
US – Nassau County Legislature grants Sands a 99-year lease for Nassau Coliseum
The Nassau County Legislature voted 17-1 to give Las Vegas Sands a 99-year lease, allowing it to develop the 72-acre area around the Nassau Coliseum in Uniondale into a $5bn resort casino, including a hotel, entertainment venue and housing. The casino would create 8,500 jobs and provide $100m in annual revenue around the Coliseum. Nassau…
US – Sands signs lease agreement for Nassau Veterans Memorial Coliseum as part of Long Island casino bid
Las Vegas Sands has signed a deal with Nassau County for a 99-year lease for the Nassau Veterans Memorial Coliseum on Long Island, which it hopes to redevelop into a resort casino. Sands will pay an upfront fee of $60m up front regardless of if it lands one of the three casino licences. Rent will start…
