Sands China reports $273m net income for third quarter

The casino firm pointed out that it was the first full quarter since it adjusted its reinvestment rates across its portfolio.

Macau.- Casino operator Sands China has reported net income of $273m for the third quarter, up by 2.6 per cent from the $266m reported in the same period last year. According to the data released by parent company Las Vegas Sands Corp, the operator’s adjusted EBITDA amounted to $601m for Q3, a 2.7 per cent increase from 2024.

Analysts suggest that the adjusted EBITDA would have reached $620m, if Super Typhoon Ragasa had not occurred in September, leading to casino closures for 33 hours.

Sands China’s operations in Macau include The Venetian Macao, Sands Macao, The Plaza Macao, The Londoner Macao and The Parisian Macao. Revenue in the third quarter was $1.43bn, up from $1.37bn. However, casino revenue declined at all properties in Macau, except The Londoner, which saw a 55.3 per cent increase to $525m.

In the quarter through October 10, Las Vegas Sands bought $337m worth of Sands China common stock, lifting its stake to 74.76 per cent. Starting in 2026, the company will increase its annual dividend to $1.20 per share, up $0.20 from the previous rate, translating to $0.30 per share each quarter.

The casino firm pointed out that it was the first full quarter since it adjusted its reinvestment rates across its portfolio. Robert Goldstein, chairman and chief executive of Las Vegas Sands, said: “We remain enthusiastic about our growth opportunities in both Macau and Singapore as we realize the benefits of our recently completed capital investment programs.”

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See also: CLSA expects Macau casino EBITDA to be up by 10% in Q3

The casino firm pointed out that it was the first full quarter since it adjusted its reinvestment rates across its portfolio. Macau.- Casino operator Sands China has reported net income…