Sands China’s total net revenues for the third quarter of 2023 amounted to US$1.78 billion, compared to US$1.62 billion in the second quarter and up from US$1.27 billion in the first three months of the year.
In a regulatory filing this morning, the gaming concessionaire said its net third quarter income was US$231 million compared to US$187 million in the previous quarter and a US$10 million loss in the first.
Sands China’s total adjusted property earnings before interest, taxes, depreciation and amortisation (EBITDA) during the period was US$631 million, up from US$541 million in the preceding three-month period.
Capital expenditures during the third quarter totaled US$330 million, the company said, and included local construction, development and maintenance activities to the tune of US$44 million.
[See more: Sands China will help revamp the former Iec Long firecracker factory]
Robert G. Goldstein, chairman and chief executive officer of Las Vegas Sands, said “We were pleased to see the recovery in travel and tourism spending in both Macao and Singapore progress during the quarter. We remain deeply enthusiastic about our opportunities for growth in both markets in the years ahead.”
He added: “Our commitment to making industry-leading investments in our team members, our communities and our integrated resort property portfolio positions us exceptionally well to deliver strong growth.”
Meanwhile, Sands China also announced that it has been awarded “prime status” and a B rating in the highly regarded ISS ESG Corporate Rating system. The rating puts the company within the top two percent of the global leisure industry in terms of environmental, social, and governance (ESG) performance and sustainable business practices.
