Sands hit with $922m loss

Home » Sands hit with $922m loss

International casino operator Las Vegas Sands, with venues in Nevada, US, Macau and Singapore, will continue its capital expenditure programmes on schedule, despite the impact of the coronavirus pandemic.



Chairman and CEO Sheldon Adelson, commenting on the second quarter results for the company, said that the company remained optimistic about the return to normality.

He said that the major projects under way in Macau and Singapore would continue. Sands is spending $337m in Macau, $30m in Lass Vegas and $15m at the Marina Bay Sands in Singapore.

Net revenue was $98m, down 97 per cent from the comparative quarter of 2019, providing an operating loss of $922m compared with a profit of $894m last year.

 

 

More about:  Spain to centralise gambling self-exclusion

Leave a Reply

Your email address will not be published.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

Gambling News from NewsCasinoNew.com is made for the most passionate fans of online casinos and internet gambling. We cover everything: from popular gambling world events and trends to new casino slot game releases and reviews, you will find the latest news stories.