In Macau it was the best quarter since the fourth one of 2014, driven by results at the Parisian Macao, which generated EBITDA of US$135m for the quarter, up 27.4% from the previous quarter.
Sheldon
Adelson, Chairman and CEO, said: "Strong visitation at The Parisian Macao
continued to contribute to impressive growth in all segments. Now clearly
established as a ‘must see’ destination for visitors to Cotai, the Parisian
Macao delivered sequential growth in visitation, hotel occupancy, average daily
rate and gaming volumes.”
"We expect the Parisian Macao to deliver continued growth in the years ahead as
we further align the property’s suite of offerings to appeal to every segment
of the evolving Macau market. In Macao, the market continues to recover, while
Sands China’s Mass and VIP gaming volumes both outpaced the growth in the Macao
market overall,” Adelson added.
"We remain confident that our Cotai Strip property portfolio will continue to
deliver important benefits to Macao in the form of economic diversification,
greater numbers of business and leisure travelers, and a superior platform for
growth in the years ahead,” he also commented.
In the US, revenue at The Venetian Las Vegas and The Palazzo, including the Sands Expo and Convention Center, decreased 1.6% to US$378m, while adjusted property EBITDA decreased 11.6 % to US$76m.
Source: GMB / G3 Newswire
