Las Vegas Sands Financials Fall

Land casino giant Las Vegas Sands has announced their second quarter financial results, revealing that earnings fell short of expectations for investors.

Key financial indicators for the second quarter ending June 30th, 2018 were:

  • Consolidated net revenue of $3.3 billion, up 6.2% from last year
  • Operating income down 2.4% to $797 million
  • Sands Macau revenue up 18% to $2.11 billion
  • Macau net income up 30% to $427 million
  • Venetian Macau revenues of $830 million, up 23.1%
  • Rolling chip volume up 44.3% to $7.46 billion
  • Marina Bay Sands Singapore revenue down 15.5% to $705 million, with EBITDA down 25.2% to $368 million

Company CEO Sheldon Adelson spoke about the results noting: "We experienced strong growth in both the VIP and mass table games segments, enabling us to grow our market share of gaming revenue both year-over-year and sequentially. Our Macao operations are back to generating an annualized EBITDA run rate of $3 billion. Marina Bay Sands continue to produce strong cash flows, while Las Vegas has another strong quarter on a hold-normalized basis."

About the author

2 replies • Last post


Forum Angel
sharpe's picture
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 6486
Thanks given: 3039
Thanks received: 910
29 July 2018 - 4:59pm

Reading their CEO Sheldon Adelson's statement I would be thinking they doing fantastically well...if I haven't read all the numbers before that of course!

Jackpot ChaserJackpot Chaser
coolsongss's picture
Joined: 2 Dec 2014
Posts: 2355
Thanks given: 1669
Thanks received: 1169
30 July 2018 - 1:11pm

What about their casinos in US? How many casinos does he have in US? I am curious about it too Smile

Post new comment

Have something to say? Agree or disagree? Tell us what you think!

Login using your social network account
Or log in with a Casino Listings account

Login or register to post comments

Registering for an account takes less than a minute and you will be brought right back here to comment afterwards.