{"id":254,"date":"2024-06-27T01:46:31","date_gmt":"2024-06-26T22:46:31","guid":{"rendered":"https:\/\/slotsgardennodepositbonus.icu\/2024\/06\/27\/singapores-recovery-fuels-las-vegas-sands-earnings-increase\/"},"modified":"2024-06-27T01:46:31","modified_gmt":"2024-06-26T22:46:31","slug":"singapores-recovery-fuels-las-vegas-sands-earnings-increase","status":"publish","type":"post","link":"https:\/\/slotsgardennodepositbonus.icu\/2024\/06\/27\/singapores-recovery-fuels-las-vegas-sands-earnings-increase\/","title":{"rendered":"Singapore&#8217;s Recovery Fuels Las Vegas Sands&#8217; Earnings Increase"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/Jwi-E2lWLFQ\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Singapores recovery fueled Las Vegas Sands&#8217; earnings increase in the third quarter.<\/p>\n<p>Las Vegas Sands&#8217; third-quarter earnings climbed by 17.7% compared to the same period last year, mainly due to Singapores ongoing rebound from the pandemic, with the company affirming its new investment plans in the area.<\/p>\n<p>Singapores recovery spurred Las Vegas Sands&#8217; earnings growth in the third quarter.<br \/>\nAlthough operations in Singapore were affected by travel limits put in place during the pandemic, the region remains a key market for Sands, with the city-state&#8217;s operations returning to near-normal levels as many restrictions have been lifted.<\/p>\n<p>Sands&#8217; dedication to Singapore was evident in the third quarter, with CEO Robert Goldstein describing the nation as an &#8220;exceptional market for further investment&#8221; during the company&#8217;s second-quarter 2022 earnings call in July, while discussing premium customer retention and additional development in the region.<\/p>\n<p>Goldstein added that he anticipates further growth if online gambling is legalized in the country.<\/p>\n<p>After Sands released its third-quarter results, Goldstein repeated that activity in Singapore will only become stronger as COVID-19 restrictions ease, adding that it will continue to pursue growth opportunities in the country and Macau. <\/p>\n<p>Sands Enterprises expressed enthusiasm about greeting more visitors at their lodgings as more travelers are able to journey to Singapore and Macau.<\/p>\n<p>&#8220;Our investments in staff, neighborhoods, and our industry-leading integrated resort collection position us to achieve future progress as travel limitations ease and the tourism sector recovers.<\/p>\n<p>&#8220;We are fortunate that our financial strength supports our investment and capital expenditure plans in Macau and Singapore, as well as our growth prospects in new markets.&#8221;<\/p>\n<p>In the three months concluding September, Sands Enterprises&#8217; income was $1.01 billion (896 million pounds\/1.03 billion euros), up from $857 million in the same period last year.<\/p>\n<p>Gaming income was $637 million, rooms contributed $123 million, food and drink $82 million, shopping centers $119 million, and gatherings, retail, and other $44 million.<\/p>\n<p>Sands Enterprises&#8217; most prosperous hotel was the Marina Bay Sands in Singapore, which generated $756 million in income for the quarter. Macau income was $258 million, with Sands Enterprises&#8217; Venetian Macao hotel contributing the largest proportion of income at $104 million.<\/p>\n<p>On the expenditure side, operating costs in the third quarter reached $1.18 billion, slightly higher than $1.17 billion in the same period last year. Sands Enterprises also reported $143 million in net financial costs, 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 paid a hefty sum of $60 million in taxes, ultimately resulting in a total net deficit of $380 million, a stark contrast to the $594 million deficit recorded in the previous year. However, the company also highlighted that a significant portion of the net loss, amounting to $142 million, was attributed to non-controlling interests. This implies that the net loss directly attributable to the company was $239 million, a notable improvement from the $368 million loss experienced in the preceding year.<\/p>\n<p>Furthermore, the operator reported a substantial year-on-year increase in its adjusted EBITDA, soaring by 306.4% to reach $191 million. This surge was primarily fueled by a significant boost in contributions from a specific property, which saw its earnings jump from $15 million to a remarkable $343 million.<\/p>\n<p>&#8220;We are optimistic about the rebound of travel and consumer spending across all markets,&#8221; stated Goldstein. &#8220;Demand remains robust from customers who are able to travel.&#8221;<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapores recovery fueled Las Vegas Sands&#8217; earnings increase in the third quarter. Las Vegas Sands&#8217; third-quarter earnings climbed by 17.7% compared to the same period last year, mainly due to&hellip;<\/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>Las Vegas Sands Boosted by Singapore<\/title>\n<meta name=\"description\" content=\"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:\/\/slotsgardennodepositbonus.icu\/2024\/06\/27\/singapores-recovery-fuels-las-vegas-sands-earnings-increase\/\" 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 Recovery Fuels Las Vegas Sands&#039; Earnings Increase\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Singapore\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/slotsgardennodepositbonus.icu\/2024\/06\/27\/singapores-recovery-fuels-las-vegas-sands-earnings-increase\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Discover a New Level of Casino Entertainment | Licensed Games\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-26T22:46:31+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:\/\/slotsgardennodepositbonus.icu\/2024\/06\/27\/singapores-recovery-fuels-las-vegas-sands-earnings-increase\/\",\"url\":\"https:\/\/slotsgardennodepositbonus.icu\/2024\/06\/27\/singapores-recovery-fuels-las-vegas-sands-earnings-increase\/\",\"name\":\"Las Vegas Sands Boosted by Singapore\",\"isPartOf\":{\"@id\":\"https:\/\/slotsgardennodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-26T22:46:31+00:00\",\"dateModified\":\"2024-06-26T22:46:31+00:00\",\"author\":{\"@id\":\"https:\/\/slotsgardennodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Singapore\",\"breadcrumb\":{\"@id\":\"https:\/\/slotsgardennodepositbonus.icu\/2024\/06\/27\/singapores-recovery-fuels-las-vegas-sands-earnings-increase\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/slotsgardennodepositbonus.icu\/2024\/06\/27\/singapores-recovery-fuels-las-vegas-sands-earnings-increase\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/slotsgardennodepositbonus.icu\/2024\/06\/27\/singapores-recovery-fuels-las-vegas-sands-earnings-increase\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/slotsgardennodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Singapore&#8217;s Recovery Fuels Las Vegas Sands&#8217; Earnings Increase\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/slotsgardennodepositbonus.icu\/#website\",\"url\":\"https:\/\/slotsgardennodepositbonus.icu\/\",\"name\":\"Discover a New Level of Casino Entertainment | Licensed Games\",\"description\":\"Discover the latest trends and opportunities in online gambling with our fresh casino news, honest game reviews, and expert articles. 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