Sands China posts USD 245 M net losses in Q4 2021
Monday 31 de January 2022 / 07:07
⏱ 1 min read
(Macau).- Sands China posted a net loss of US$245 million in the last quarter of last year, the Macau casino operator has announced.
For the same period of 2020, the company had posted a loss of US246 million the group indicated in the results reported to the Hong Kong stock exchange by the Las Vegas Sands Corporation.
Last year, Sands China saw net revenues rise 70.4 per cent compared to 2020, to US$2.87 billion, while losses narrowed in 2021, to US$1.05 billion from US$1.52 billion in 2020.
Earnings before tax, interest, depreciation and amortisation (EBITDA) in the last quarter of 2021 were US$74 million compared with US$47 million in the corresponding period in 2020.
CEO of parent company Las Vegas Sands Corp Robert Goldstein said “results continue to reflect the impact of the pandemic” as travel restrictions continue to “affect the number of visitors” to Macau. “We remain confident in the eventual recovery,” he stressed.
Since the start of the pandemic, Macau has recorded 79 confirmed cases and maintains strong border restrictions, defined by a ‘zero case’ Covid-19 policy.
The borders are only open to Chinese citizens and residents of the territory, and compulsory quarantines of different durations are imposed, depending on the place of origin.
Currently, those arriving in the territory from the adjacent city of Zhuhai must present a negative test certificate, issued 24 hours before.
Categoría:Gaming
Tags: Sin tags
País: Macao
Event
PERU GAMING SHOW – PGS 2026
17 de June 2026
LSports at the Peru Gaming Show: Building Presence, Opening Doors
(Lima, SoloAzar Exclusive).- The Peru Gaming Show was never just about the booth. For LSports, it was about showing up in a market where showing up still matters — and leaving with more than a contact list. Federico Brancato, Sales Manager for the LATAM Region, came to Lima with a clear sense of what operators in this part of Latin America need most right now. What he found confirmed it.
Friday 17 Jul 2026 / 12:00
Martin Ivanov: "Latin America remains one of CT Interactive's key strategic regions"
(Lima, SoloAzar Exclusive).- CT Interactive Chief Operating Officer Martin Ivanov reflects on the company's experience at the Peru Gaming Show, highlights the opportunities emerging in the Peruvian market, and outlines the company's strategic priorities for expanding across Latin America.
Thursday 16 Jul 2026 / 12:00
Regulation and the Black Market in Latin America: Challenges and Solutions
(Lima, SoloAzar Exclusive).– As part of the Peru Gaming Show (PGS) 2026 conferences, gaming industry leaders analyzed one of the main challenges currently facing regulated markets in Latin America: the growth of illegal gambling. The panel "Regulation and the Black Market: Challenges and Solutions" brought together Carlos Fonseca, CEO of Gaming Law, as moderator; Neil Montgomery, founding partner of Montgomery & Associados; Tatiana Vásquez, founding partner of Vázquez Asociados; Karen Sierra Hughes, Vice President for Latin America, the Caribbean, and Spain at GLI; and Vanessa Cabrera, Director of the Control and Sanction Directorate of the DGJCMT-MINCETUR, who debated the causes of the black market, the available regulatory tools, and strategies to strengthen channeling toward legal gaming in the region.
Wednesday 15 Jul 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
