Las Vegas Sands has reported financial results for the quarter ended December 31, 2017.
Chairman and CEO Sheldon Adelson said: “We are extremely pleased to have delivered another set of strong financial results this quarter. Consolidated adjusted property EBITDA reached $1.34bn, an increase of 19.7 per cent compared to the fourth quarter of 2016.
“The Macau market continued its robust recovery during the quarter, with growth in the important mass gaming market accelerating in the fourth quarter of 2017. Sands China’s mass table games win increased 26.9 per cent, outpacing the estimated growth in the market overall and contributing to our highest mass gaming win since the first quarter of 2014.
“That strong gaming performance, coupled with higher hotel occupancy and retail mall revenues, helped drive an increase in adjusted property EBITDA of 19.8 per cent, to $731m, our best quarterly result in Macau since the third quarter of 2014.
“Marina Bay Sands in Singapore (pictured) again delivered outstanding financial results during the quarter with adjusted property EBITDA expanding 24.6 per cent to reach $456m.”
