Sands China profits rise

Sands China profits riseReading 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: European Gaming Industry News

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.