Asia

Sands China Reports Net Revenue of US$9M in April

Published

5 years ago

June 3, 2020

Niji Narayan

Sands China Reports Net Revenue of US$9M in April

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Macau casino operator Sands China has reported net revenue of US$9 million in April, a net loss of $180 million.

Under the current conditions, Sands China is exposed to monthly operating costs of around $110 million each month, in addition to development and maintenance capital expenditures of approximately $65 million and interest expenses of $25 million.

Sands China said it has taken various mitigating measures to get through the current environment, including a cost reduction programme to minimise cash outflow of non-essential items, as well as not recommending payment of a final dividend for 2019.

The company said it has around $2.4 billion in liquidity in place to keep its operations running for 12 months in the current operating environment.

“SCL believes it will be able to support its continuing operations, complete the major construction projects that are underway, and respond to the current COVID-19 Pandemic challenges,” Sands China said.

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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.