Sands China Q1 EBITDA reaches US$535 million, down 12.3 pct year-on-year

Sands China had ended in 2024 with profits of $1.05 billion (EUR 925 million), an increase of 50.9%. The company remained on positive for the second consecutive year, after three years of unprecedented damage due to the covid-19 pandemic. The revenue of the five casinos of Sands in Macau also recovered, with a drop of 5.6% in the first three months of 2025, for $1.71 billion (1.51 million). Macau is the world capital and the only local place in …

Sands China Q1 EBITDA reaches US$535 million, down 12.3 pct year-on-year

Gaming operator Sands China reported an adjusted property EBITDA of US$535 million in the first quarter of 2025, representing a 12.3 per cent decline compared to the same period last year, parent company Las Vegas Sands announced on Wednesday. The company stated that a “low hold on rolling play in Macau negatively impacted adjusted property EBITDA by US$10 million”. The newly released earnings report from Las Vegas Sands Corp (LVS) also showed t…

Sands China revenues down 5.7% to US$1.7 billion in 1Q25

Sands China saw its total net revenues decline by 5.7% year-on-year to US$1.70 billion, and net income by 32.0% to US$202 million, in the three months to 31 March 2025 as ongoing renovation works at its former Sheraton Grand Hotel and general softness in the market continued to bite. The company did confirm, however, that all room inventory at the recently renovated The Londoner Grand is now open and available ahead of May Golden Week. Accordin…