Sands China’s total net revenues for the second quarter of 2023 amounted to US$1.62 billion, 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 second quarter income was US$187 million, compared to a US$10 million loss in the first quarter.
Sands China’s total adjusted property earnings before interest, taxes, depreciation and amortisation (EBITDA) during the period was US$541 million, up from US$398 million in the first quarter.
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Capital expenditures during the second quarter totaled US$196 million, the company said, and included local construction, development and maintenance activities to the tune of US$42 million.
Robert G. Goldstein, chairman and chief executive officer of Las Vegas Sands, said, “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 about the opportunity to welcome more guests back to our properties throughout the remainder of 2023 and in the years ahead.”
He added: “In Macao, we were pleased to see the ongoing recovery now underway in all gaming and non gaming segments progress during the quarter. We remain deeply enthusiastic about the opportunity to continue our investments to enhance Macao’s tourism appeal to travellers from throughout the region, including to foreign visitors to Macao.”
