{"id":242,"date":"2024-06-28T11:01:32","date_gmt":"2024-06-28T08:01:32","guid":{"rendered":"https:\/\/winportcasinonodepositbonus.icu\/2024\/06\/28\/singapores-rebound-fueled-las-vegas-sands-earnings-in-the-third-quarter\/"},"modified":"2024-06-28T11:01:32","modified_gmt":"2024-06-28T08:01:32","slug":"singapores-rebound-fueled-las-vegas-sands-earnings-in-the-third-quarter","status":"publish","type":"post","link":"https:\/\/winportcasinonodepositbonus.icu\/2024\/06\/28\/singapores-rebound-fueled-las-vegas-sands-earnings-in-the-third-quarter\/","title":{"rendered":"Singapore&#8217;s Rebound Fueled Las Vegas Sands&#8217; Earnings in the Third Quarter"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/4hM-78NWV5U\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Singapores rebound fueled Las Vegas Sands&#8217; earnings in the third quarter.<\/p>\n<p>Las Vegas Sands&#8217; earnings climbed by 17.7% annually in the third quarter, primarily driven by Singapores ongoing recovery from the health crisis, and the operator restated its plans for new investments in the area.<\/p>\n<p>Singapores revival boosted Las Vegas Sands&#8217; earnings in the third quarter.<\/p>\n<p>Despite the effect of travel limitations enforced during the health crisis, the region remains a key market for Sands, and the city-state&#8217;s operations have returned to near-normal levels as many restrictions have been lifted.<\/p>\n<p>Sands&#8217; dedication to Singapore was apparent in the third quarter, when its CEO, Robert Goldstein, labeled the nation &#8220;a great market for additional investment&#8221; during the company&#8217;s second-quarter 2022 earnings call in July, while discussing high-end customer retention and further development.<\/p>\n<p>Goldstein added that he anticipates further growth if online gambling is legalized in the nation.<\/p>\n<p>Following the release of Sands&#8217; third-quarter results, Goldstein restated that activity in Singapore will only get stronger as COVID-19 restrictions ease, adding that the company will continue to seek growth opportunities in the nation and Macau. <\/p>\n<p>We are thrilled to greet more guests at our hotels as travel to Singapore and Macau picks up.<\/p>\n<p>Our commitment to our staff, our community, and our top-notch integrated resort properties has set us up for future success as travel restrictions ease and tourism bounces back.<\/p>\n<p>We are lucky that our financial strength backs our investment and capital spending plans in Macau and Singapore, as well as our growth prospects in new markets.<\/p>\n<p>For the three-month period ending in September, revenue was $1.01 billion (\u00a3896 million\/\u20ac1.03 billion), surpassing the $857 million recorded in the same period last year.<\/p>\n<p>Casino operations revenue was $637 million, room revenue was $123 million, food and beverage revenue was $82 million, retail revenue was $119 million, and convention, retail, and other revenue was $44 million.<\/p>\n<p>Sands&#8217; most successful property was Marina Bay Sands in Singapore, which generated $756 million in revenue for the quarter. Macau revenue was $258 million, with the Venetian Macao, also owned by Sands, generating the highest revenue at $104 million.<\/p>\n<p>On the spending side, operating expenses for the third quarter reached $1.18 billion, slightly higher than the $1.17 billion recorded in the same period last year. Sands also reported $143 million in net financial expenses, meaning the quarter ended with a pre-tax loss of $320 million, an improvement from the $621 million loss last year. <\/p>\n<p>The company shelled out $60 million in taxes, leading to an overall net deficit of $380 million, in contrast to $594 million in the previous year. However, the company also highlighted that $142 million of its net loss was due to non-controlling entities, indicating that the net loss attributable to the company was $239 million, a positive change from the previous year&#8217;s $368 million.<\/p>\n<p>Furthermore, the operator stated that adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) surged by 306.4% year-on-year to $191 million, fueled by a substantial increase in contributions from Marina Bay Sands, which climbed from $15 million to $343 million.<\/p>\n<p>&#8220;We are optimistic about the rebound of travel and tourism expenditures in our markets,&#8221; Goldstein stated. &#8220;Demand from customers who are able to visit remains robust.&#8221;<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapores rebound fueled Las Vegas Sands&#8217; earnings in the third quarter. Las Vegas Sands&#8217; earnings&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Singapore Rebound Fuels Sands Q3 Earnings<\/title>\n<meta name=\"description\" content=\"Las Vegas Sands sees strong Q3 earnings thanks to Singapore\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/winportcasinonodepositbonus.icu\/2024\/06\/28\/singapores-rebound-fueled-las-vegas-sands-earnings-in-the-third-quarter\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Singapore&#039;s Rebound Fueled Las Vegas Sands&#039; Earnings in the Third Quarter\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Las Vegas Sands sees strong Q3 earnings thanks to Singapore\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/winportcasinonodepositbonus.icu\/2024\/06\/28\/singapores-rebound-fueled-las-vegas-sands-earnings-in-the-third-quarter\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Unleash Your Inner Casino Champion | Licensed Games &amp; Strategies\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-28T08:01:32+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/winportcasinonodepositbonus.icu\/2024\/06\/28\/singapores-rebound-fueled-las-vegas-sands-earnings-in-the-third-quarter\/\",\"url\":\"https:\/\/winportcasinonodepositbonus.icu\/2024\/06\/28\/singapores-rebound-fueled-las-vegas-sands-earnings-in-the-third-quarter\/\",\"name\":\"Singapore Rebound Fuels Sands Q3 Earnings\",\"isPartOf\":{\"@id\":\"https:\/\/winportcasinonodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-28T08:01:32+00:00\",\"dateModified\":\"2024-06-28T08:01:32+00:00\",\"author\":{\"@id\":\"https:\/\/winportcasinonodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Las Vegas Sands sees strong Q3 earnings thanks to Singapore\",\"breadcrumb\":{\"@id\":\"https:\/\/winportcasinonodepositbonus.icu\/2024\/06\/28\/singapores-rebound-fueled-las-vegas-sands-earnings-in-the-third-quarter\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/winportcasinonodepositbonus.icu\/2024\/06\/28\/singapores-rebound-fueled-las-vegas-sands-earnings-in-the-third-quarter\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/winportcasinonodepositbonus.icu\/2024\/06\/28\/singapores-rebound-fueled-las-vegas-sands-earnings-in-the-third-quarter\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/winportcasinonodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Singapore&#8217;s Rebound Fueled Las Vegas Sands&#8217; Earnings in the Third Quarter\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/winportcasinonodepositbonus.icu\/#website\",\"url\":\"https:\/\/winportcasinonodepositbonus.icu\/\",\"name\":\"Unleash Your Inner Casino Champion | Licensed Games &amp; Strategies\",\"description\":\"Discover the secrets of casino success through our fresh news, in-depth game reviews, and informative insights. 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