SINGAPORE — Integrated resort Marina Bay Sands delivered outstanding results in the first quarter of 2023 as most remaining Covid-19 travel curbs and measures were removed.
Overall MBS revenue more than doubled to US$848 million from US$399 million a year ago. The bulk, or some 70 per cent of this, was contributed by its casino operations, with rooms, food and beverage, mall tenants and other segments making up the remainder. MBS also single-handedly accounted for 40 per cent of group revenue of US$2.1 billion, which topped analysts' expectations of US$1.8 billion.
"In Singapore, we were pleased to see the ongoing recovery at Marina Bay Sands progress during the quarter, with the property again delivering outstanding levels of performance in both mass gaming and tenant sales," he said. In Macau, LVS' biggest market, its six properties and other operations there contributed US$398 billion in earnings and US$1.28 billion in revenue.