Las Vegas Sands profit up 22% as Macau, Singapore beat expectations
Las Vegas Sands Corp (LVS), the global 바카라 and resort heavyweight, has posted a strong set of second-quarter results, fuelled by exceptional growth in Singapore and stable performance in Macau. The company reported a net income of $519 million (480.55 million), reflecting a 22.4 percent increase compared to the same period last year.
As per the official release, rose 15.0 percent to $3.18 billion (2.94 billion), as 바카라 operations remained the companys financial backbone. Casino revenues alone contributed $2.42 billion (2.24 billion), up 18.7 percent year-on-year, signalling continued demand in both of its core Asian markets.?
Non-gaming revenues, which include hotels, food and beverage, retail, conventions and shopping malls, also saw moderate growthrising from $726 million (672.22 million) in Q2 2024 to $760 million (703.70 million), an increase of 4.7 percent.
The groups Macau operations, led by its subsidiary, Sands China Ltd., recorded net revenues of nearly $1.80 billion (1.67 billion), representing a 2.5 percent annual increase. However, net income in the region fell to $214 million (198.15 million) from $246 million (227.78 million), representing a 13.0 percent decline. Adjusted property EBITDA remained steady at $566 million (523.15 million), up slightly by 0.9 percent from the previous year.
Macau properties dominate the share?
Among Macaus properties, The Londoner Macau emerged as a clear standout. Its 바카라 revenue surged from $318 million (294.44 million) to $495 million (458.33 million) following the full reopening of all 2,405 hotel rooms ahead of the May Labour Day holiday. Analysts noted a rise in operational efficiency at the property, with operating margins increasing from 29 percent in the first quarter to 32 percent.?
The propertys ongoing $1.2 billion (1.11 billion) renovation includes the transformation of the Sheraton tower into the Londoner Grand and a revamp of the Pacifica 바카라, now rebranded as the Londoner Grand Casino.
Singapores Marina Bay Sands delivered a record-breaking quarter, with net revenues rising 36.6 percent to $1.39 billion (1.29 billion). Adjusted property EBITDA saw an even sharper rise of 50.0 percent, reaching $768 million (711.11 million). Casino revenues were particularly robust, increasing nearly 50 percent year-on-year to $1.07 billion (990.74 million). The property recently completed a significant renovation as part of a $1.75 billion (1.62 billion) multi-year revamp, which the company described as a milestone in its operating history.
Marina Bay Sands gains LVS attention?
LVS chairman and CEO Robert Goldstein (as depicted in featured image) praised the Singapore propertys performance, stating: Marina Bay Sands once again delivered record 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. Macau is expected to perform better in coming quarters
Capital expenditure during the second quarter totaled $286 million (264.81 million), with $138 million (127.78 million) allocated to Macau and $129 million (119.44 million) to Singapore.?
In addition to investing in its properties, the company repurchased $800 million (740.74 million) worth of shares at an average price of $39.59 (36.66) per share. It also increased its stake in Sands China to 73.4 percent by acquiring 87 million shares for $179 million (165.74 million).
LVS paid a quarterly dividend of $0.25 (0.23) per share, with the next payout scheduled for 13 August 2025.
