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Sands China Q1 Adjusted EBITDA Declines Quarterly Amid Low Hold Rate

  • runarchery kr20

홀짝게임, 파워볼사이트, 그리고 동행복권파워볼에 대해 알아보세요. 이 가이드는 안전하고 즐거운 게임 경험을 제공하는 신뢰할 수 있는 사이트를 찾는 데 도움을 줄 것입니다.

Sands China Q1 Adjusted EBITDA Declines Quarterly Amid Low Hold Rate by runarchery kr20
Macau casino operator Sands China Ltd's adjusted earnings on interest, taxation, depreciation and amortization (EBITDA) fell 6.7% quarter-on-quarter to $610 million from $654 million in the final three months of 2023. This represents a 53.3% year-on-year increase in Macau, Hong Kong and mainland China, when COVID-19-related restrictions were eased.

Net sales in the first quarter fell 2.8% quarter-on-quarter to $1.81 billion, according to an announcement filed in Hong Kong on Thursday after the parent company's earnings report on Wednesday. Revenue was up 41.6% year-on-year.

Sands China's net profit rose 3.1% quarter-on-quarter to $297 million. Sands China posted a net loss of $10 million in the first quarter of 2023.

"If we had kept it as expected in the rolling program, EBITDA would have been $31 million higher," parent Las Vegas Sands Corporation said, referring to VIP Play.

Jeffrey Hong Kong Inc analyst Andrew Lee, citing management discussions, said in a note on Thursday: "The decline in revenue was due to significant reductions in real estate renovations in London [Macao], the closure of Kotai Arena, and revenues in The Plaza and Sands Macau."

"As we continue to see renovation disruptions this year, we expect to continue to impact our bottom line," the representative added, referring to London Macau, a UK-themed kotai property

Marina Bay Sands, High Hold

At Marina Bay Sands in Singapore, another Asian operations in Las Vegas Sands, hosting the rolling program worked in the group's favor.

Marina Bay Sands' Q1 Adjusted Real Estate EBITDA was $597 million, up 9.7% quarter-over-quarter and improving 51.5% year-over-year.

"Marina Bay Sands' high rolling play hold had a positive impact on adjusted real estate EBITDA of $77 million," the parent said in a filing in the U.S. on Wednesday.

The Singapore unit's first-quarter net sales rose 9.1% quarter-on-quarter to nearly $1.16 billion. Revenue was up 36.6% year-on-year.

Las Vegas Sands paid a quarterly dividend of $0.20 per common share in the first quarter. The next quarterly dividend of $0.20 per common share will be paid on May 15. Sands China has not yet resumed paying dividends. 파워볼사이트

Looking at the group's Q1 earnings details, the rolling chip program mentioned by the group in the Macau market was down 19.1% quarter-on-quarter based on volume in London Macau.

These rolling chip volumes are slightly below $1.88 billion, down from $2.32 billion in the fourth quarter of last year.

Venetian Macao (pictured) first-quarter rolling chip volumes fell 17.0% in the fourth quarter to just under $1.04 billion.

Marina Bay Sands' first-quarter rolling chip volume was $8.24 billion, up 13.8% from the previous quarter.

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runarchery kr20
Videographer at W Academy