Las Vegas Sands Reports $1.17 Billion in Revenue for Q2 2021

Las Vegas Sands Reports $1.17 Billion in Revenue for Q2 2021


Las Vegas Sands reported net sales of $1.17 billion in the second quarter of 2021, up from $62 million in the same period last year.

Operating loss was $139 million compared to $757 million in the prior year period and net loss from continuing operations was $280 million compared to $841 million in the prior year period. Meanwhile, the consolidated adjusted asset EBITDA was $244 million.

As of June 30, 2021, your unlimited cash balance totaled $2.06 billion and your total debt was $14.42 billion. Capital expenditures during this period totaled $157 million, primarily through construction, development and maintenance activities in Macau and Marina Bay Sands, respectively, of $129 million and $27 million.

Chairman and CEO Robert G. Goldstein said, “We are still passionate about the opportunity to welcome more guests back to our hotel as more visitors eventually can travel to Macau and Singapore. to be. “We are also committed to supporting our team members and helping those in need in their respective communities while they recover from the impact of the COVID-19 pandemic.”

Meanwhile, Sands China reported a net profit increase of $849 million in the second quarter of 2021 from $40 million in the second quarter of 2020. Net loss was $166 million, up from $549 million in the same period.

“We are confident that travel and tourism spending will ultimately recover across the market,” Goldstein added. “Demand for our products from customers who were able to visit remains strong, but epidemic-related travel restrictions in Macau and Singapore continue to limit visits and hamper our current financial performance.”

“Our industry-leading investments in team members, communities and market-leading integrated resort products are well positioned to provide growth as these travel restrictions eventually ease and the recovery bears fruit.

“We are delighted that our financial strength has helped us support investment and capital expenditure programs in Macau and Singapore, as well as pursue growth opportunities in new markets.”

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