Las Vegas Sands revenues improving

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Las Vegas Sands Corporation, in its second quarter results for 2021, reports revenues of $1.17bn compared with $62m in the comparable quarter of 2020.

There was an operating loss of $139m compared with a loss of $757m and a net loss of $280m compared with $841m. In its Sands China subsidiary revenues were $849m compared with £40m and it had a net loss of $166m compared with $549m.

The company reported positive trends in its Macau and Singapore operations but noted that pandemic conditions still affected the financials.

Robert Goldstein, CEO, said: “We remain enthusiastic about the opportunity to welcome more guests back to our properties as more visitors are able to travel in Macau and Singapore.”

In March of this year the group entered into agreements to sell its Las Vegas real property and operations for $6.25bn and expects the deal to close towards the end of this year.

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