• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Monday 11 August 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
No Result
View All Result

Sands China losses widen to US$760 million in first six months of 2022

Pierce Chan by Pierce Chan
Mon 15 Aug 2022 at 16:43

Sands Cotai Central

25
SHARES
613
VIEWS
Print Friendly, PDF & Email

Sands China reported a loss of HK$5.96 billion (US$760 million) for the first half of 2022, nearly double the HK$2.96 billion (US$381 million) loss for the same period last year.

This was on the back of a 43.5% year-on-year decline in revenue to HK$7.18 billion (US$920 million), although Adjusted EBITDA loss of HK$940 million (US$120 million) was narrowed from the HK$1.82 billion (US$234 million) loss in the same period last year.

In releasing its interim results, Sands China said the decline was “due to the various outbreaks that occurred in Shanghai, Hong Kong, Guangdong and Macao, which resulted in tighter travel restrictions.”

It added, “The timing and manner in which our casinos, restaurants and shopping malls will resume operating at full capacity is currently unknown. We cannot predict the manner in which governments will react as the global and regional impact of the COVID-19 pandemic changes over time, which could significantly alter our current operations.”

However, “our industry-leading investments in our team members, our communities, and our integrated resort property portfolio position us exceedingly well to deliver future growth as these travel restrictions subside and the recovery comes to fruition.”

Release of Sands China’s interim results comes after its parent company Las Vegas Sands recently announced a net loss attributable to the company of US$290 million loss in the three months to 30 June 2022, with rebounding revenues at the company’s Singapore resort, Marina Bay Sands, not enough to make up for its ongoing Macau woes.

 

RelatedPosts

On the Run by Andrew W Scott, the IAG CEO Vlog

On the Run by Andrew W Scott, the IAG CEO Vlog

Thu 23 Feb 2023 at 17:17
MACAU 3.0: Concession contracts signed and investment plans revealed sees renewed optimism for the decade ahead

MACAU 3.0: Concession contracts signed and investment plans revealed sees renewed optimism for the decade ahead

Mon 19 Dec 2022 at 11:00

Sands to invest MOP$27.8 billion in non-gaming projects over the next decade

Sun 18 Dec 2022 at 16:45
Less than one month remaining to MGS Summit 2022

Macau concessionaires reported combined US$558 million EBITDA loss in 3Q22: Deutsche Bank

Mon 14 Nov 2022 at 04:48
Load More
Tags: lossesSands
Share10Share2
Pierce Chan

Pierce Chan

With more than five years’ experience working as a journalist in Macau, Pierce is an experienced media operator with strong skills in news writing and editing. He previously worked with Exmoo, first as a reporter covering government, gaming and tourism-related stories, then as a Deputy Assignment Editor helping set the agenda of the day. Pierce is a graduate of the University of Macau.

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

Age of Creation

Korea’s Paradise Co books US$15 million profit in 2Q25 as Paradise City drives all-time casino revenue record

by Newsdesk
Mon 11 Aug 2025 at 05:47

Korea’s Paradise Co reported a 43.5% year-on-year increase in profit attributable to controlling interests to KRW20.9 billion (US$15.0 million) in the three months to 30 June 2025, aided by the strong performance of the casino at integrated resort Paradise City...

Sands China announces appointment of Patrick Dumont as new non-executive director

Sands China announces appointment of Patrick Dumont as new non-executive director

by Ben Blaschke
Sun 10 Aug 2025 at 16:25

Macau concessionaire Sands China Ltd has announced the appointment of Patrick Dumont – the President and COO of parent company Las Vegas Sands Corp (LVS) – as a non-executive director of the company, effective 8 August 2025. The appointment, which...

Responsible Gambling Council joins Judging Panel for inaugural RTG Global Awards in Sydney

Responsible Gambling Council joins Judging Panel for inaugural RTG Global Awards in Sydney

by Newsdesk
Sun 10 Aug 2025 at 13:01

Leading gaming law and regulation conference Regulating the Game has announced the appointment of Tracy Parker, Senior Vice-President, Accreditation, Advisory and Insights at the Responsible Gambling Council (RGC), to the judging panel for the inaugural RTG Global Awards. Parker will...

Improved Okada Manila performance not enough to push Japan’s Universal Entertainment Corp back to profit in 2021

Japan’s Universal falls to US$69 million loss in 1H25 on Okada Manila underperformance

by Ben Blaschke
Sun 10 Aug 2025 at 12:56

Japan’s Universal Entertainment Corp cited the underperformance of both gaming and non-gaming segments at its Philippine integrated resort Okada Manila after seeing 1.2% decline in net sales in 1H25 to JPY62.2 billion (US$421 million) and suffering a net loss for...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English