Asia

Sands China profits rise

Published

7 years ago

August 24, 2018

Niji Narayan

Reading Time: < 1 minute

Sands China, a subsidiary of Las Vegas Sands Corporation, has registered a rise in profits in the first half of 2018. The overall profit during this period is US$1.54 billion, which is significantly higher than the US$1.23 billion it posted in the first half of 2017.

The overall revenues for the company rose by 17.3 per cent up to US$4.27 billion, higher than the US$3.64 billion totaled in the same period in 2017, while profit was US$979 million – a 44.4 per cent increase when compared to the US$678 million registered in the first six months of 2017.

The company revealed that the net revenues increase was due to an increase in visitors and organic growth in Macau:

“We continued to enjoy market-leading visitation in Macau and focused on driving the high-margin mass-market gaming business, while providing luxury amenities and high service levels to our VIP and premium players,” said the company.

Source: focusgn.com

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.