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EN
Macau EBITDA below expectations as promotional competition intense: Sands China management
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GGRAsia
The group’s Macau unit, Sands China Ltd, reported adjusted property EBITDA of US$608 million for the three months to December 31, up 6.5 percent from the prior-year period.
Sands China runs five casino properties in Macau, including The Venetian Macao (pictured).
“I think we’re really focused on both growing revenue and EBITDA … we’ve made some great progress this [fourth] quarter,” he added.
“That said, I think we are at a more stable level now … and we could see that progressively in the fourth quarter,” Mr Chum stated.
“Number two, we’ve been very successful in attracting foreign play out of the rest of the Asian markets in the rolling segment.