Net revenue was up 7.2 per cent year-on-year and 24.05 per cent quarter-on-quarter.
Singapore.- Las Vegas Sands (LVS) has reported that Marina Bay Sands (MBS) generated net revenue of US$1.14bn in the fourth quarter of 2024. That’s an increase of 7.2 per cent in year-on-year terms and of 24.05 per cent compared to the third quarter of the year.
The casino operator’s adjusted property earnings before interest, taxation, depreciation and amortisation (EBITDA) was US$537m, down 1.3 per cent year-on-year from US$544m for the fourth quarter of 2023 but up 32.27 per cent in quarter-on-quarter terms. According to the company, EBITDA was positively impacted by a high hold on rolling play.
Casino revenue was up 6.44 per cent year-on-year from US$741m to US$792m. Rolling chip volume was up 11.6 per cent to US$8.08bn and the non-rolling chip drop was down 27.78 per cent at US$2.3bn. The slot handle was down 4.62 per cent at US$6.5bn.
Non-gaming revenue was up 7.81 per cent in year-on-year terms from US$320m to US$345m. Hotel occupancy was 94.3 per cent.
Robert G. Goldstein, chairman and chief executive officer, said: “In Singapore, MBS continued to deliver outstanding financial and operating performance. Our new suite product and elevated service offerings position us for additional growth as travel and tourism spending in Asia expands.”
