Las Vegas Sands Corp., a developer and operator of world-class integrated resorts, today announced financial results for the first quarter of 2023.The company's Singapore, Macau and China resorts are on a recovery track, with sales totaling $1 billion in the first quarter of 14, up from $9000 billion in the same period last year, according to the report. It became clear.
Robert G. Goldstein, Chairman and Chief Executive Officer of Las Vegas Sands, said:
“While travel restrictions and declines in tourism continued to impact our performance in the quarter, a strong recovery in travel and tourism spending across our markets is underway. We remain enthusiastic about the opportunity to welcome more guests back to our facilities in the years to come.”
Marina Bay Sands – Continuing Recovery
Goldstein continued:
“In Singapore, we are pleased to see the recovery at Marina Bay Sands progressing during the quarter, again delivering strong performance in both mass gaming and tenant sales. As travel and tourism spending continues to recover, we remain energized by the opportunity to introduce our new suites products to more customers.”
Macau accelerates with increasing visitor numbers
According to Goldstein, the business in Macau also delivered a strong performance in the quarter: “We are pleased to see that the ongoing recovery in Macau across all gaming and non-gaming sectors accelerated during the quarter. We remain deeply enthusiastic about the opportunity to continue investing in enhancing Macau's tourism attractiveness to travelers from across the region, including foreign tourists visiting Macau." added as:
“Our commitment over decades of investing in enhancing the attractiveness of Macau’s business and leisure tourism and supporting its development as a global hub for business and leisure tourism has greatly contributed to the growth in visitor numbers to Macau. It is extremely well positioned to deliver strong growth as travel and tourism spending continues to recover.
A resolute commitment to forward-looking investment
Mr. Goldstein is also ambitious about the company's future prospects. “Our determination to make industry-leading investments in our people, communities and market-leading integrated resort (IR) properties will position us for strong growth in the years to come. Our financial position supports our continued investment and capital expenditure programs in Macau and Singapore, as well as our pursuit of growth opportunities in new markets."
Q2023 1 Singapore and Macau Results
Las Vegas Sandsの幹部が楽観的な見方を示しているのは、2023年第1四半期にこれらの市場で21億2000万ドルの純収入を得たという最新の決算結果に基づいており、これは昨年第1四半期に経験した9億4300万ドルの水準から2倍以上に増加している。その結果、営業利益は前年同期の3億200万ドルの営業損失に対し、3億7,800万ドル となりました。
These strong gains contributed to an increase in net income from continuing operations of $478 million in the current quarter, compared with a net loss of $145 million in the prior year period.Consolidated Real Estate Adjusted EBITDA of $792 million was more than seven times higher than the $110 million in the same period last year.
Sands China Q2023 1 Results
Sands China's performance follows its Macau and Singapore facilities, with total net revenue reaching $2023 billion in the first quarter of 1, again double the level of $12 million in the same period last year. I was.As the company reported, Sands China Resort is also on the road to recovery, but is still feeling the effects of last year's closures.As such, the resort posted a modest net loss of $7000 million compared to a loss of $5 million in the first quarter of 4700.
Q2023 1 Total
Results were released for resorts in Singapore, Macau and China, showing that these properties generated combined revenue of $33 billion, more than double the $9000 billion recorded in the same period last year. rice field.Earnings levels were impacted by interest expense of $14 million, weighted borrowing costs of 9000% and weighted average outstanding borrowings increased last year due to $2 million of credit line borrowings. You canHowever, the company has $1,800 billion available to borrow under multiple lines of credit.
In Q2023 1, Las Vegas Sands contributed $2022 million in taxes on its $1 million contribution in Q200 50. As of March 2023, 3, the company had unrestricted cash balances of $31 billion and debt balances of $65.3 billion.In terms of capital spending for the quarter, the developer invested $159.7 million across its facilities to capitalize on momentum and take advantage of market recovery.
Comment