Connect with us


Sands China reports Q1 net revenue of US$1.28 billion



The Group’s Q1 EBITDA reached US$398 million, while net revenue saw a remarkable year-on-year increase of 132%.

Sands China has released its financial results for Q1 2023, revealing a net revenue of US$1.28 billion, marking a significant 132% increase compared to the previous year. The company also reported a reduced net loss of US$10 million, down from US$336 million in the same period last year, and US$348 million in the previous quarter.

In Q1 2023, the group’s adjusted property EBITDA stood at US$398 million, a significant improvement from a negative US$11 million in the same period last year (Q1 2022). However, approximately 3,800 rooms remained unavailable due to labor constraints during the quarter.

The non-rolling table win in the mass market for Q1 2023 was US$911 million, a significant increase from US$354 million in the same period last year, representing 60% of pre-pandemic levels. The slot machine win also showed positive growth, reaching US$118 million, up from US$29 million a year ago, and approximately 77% of the levels seen in 2019. However, the rolling win in the VIP segment was comparatively lower, standing at 23% of pre-pandemic levels, with US$155 million in Q1 2023.


During the three months ending March 31, The Venetian Macao reported net sales of US$558 million, with casino revenue reaching US$446 million, a significant increase compared to US$157 million in Q1 2022. The adjusted real estate EBITDA also showed remarkable growth, rising to US$210 million from US$19 million in the same period last year.

Robert G. Goldstein, Sands China’s CEO and Chairman, expressed satisfaction with the accelerating recovery observed in all gaming and non-gaming segments in Macau during the quarter.

“We remain deeply enthusiastic about the opportunity to continue our investments to enhance Macau’s tourism appeal to travelers from throughout the region, including to foreign visitors to Macau. Our decades-long commitment to making investments that enhance the business and leisure tourism appeal of Macau and support its development as a world centre of business and leisure tourism positions us exceedingly well to deliver strong growth as visitation to the market increases and the recovery in travel and tourism spending proceeds.”


Jerome, a valuable addition to the Gamingo.News team, brings with him extensive journalistic experience in the iGaming sector. His interest in the industry was sparked during his college years when he participated in local poker tournaments, eventually leading to his exposure to the burgeoning world of online poker and casino rooms. Jerome now utilizes his accumulated knowledge to fuel his passion for journalism, providing the team with the latest online scoops.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Gamingo.News stands as a premier digital destination dedicated to delivering top-tier news and insights in the gaming and gambling industry. This specialized media outlet garners the attention of over 120,000 readers each month, providing them with engaging content, current news, and in-depth analyses.
The platform offers extensive coverage of various facets of the gaming world, including both online and brick-and-mortar gaming, wagering, esports, updates on regulations and compliance, as well as technological innovations. Regular content includes daily news stories, press releases, unique interviews, and comprehensive reports on events.
Moreover, Gamingo.News organizes webinars pertinent to the industry and offers detailed reports, establishing itself as a comprehensive information source for those interested in learning about gaming market operators, suppliers, regulators, and professional services. The portal's main objective is to keep its large audience informed about the latest news, trends, and developments in the gaming and gambling sectors. It focuses particularly on the European igaming market but also covers significant global news, proving to be an invaluable tool for gaming professionals, operators, and enthusiasts.

For inquiries, reach out at:

For editorial or PR submissions, contact:

Copyright © 2024 Gamingo.News.