‘Singapore is back’: LVS chairman

International casino operator Las Vegas Sands Corp (LVS) expects its Marina Bay Sands integrated resort to achieve a run rate in terms of earnings before interest, taxation, depreciation and amortisation (EBITDA), of US$1 billion still in 2022. The forecast by company chairman and chief executive Rob Goldstein was made in a Wednesday conference call with investment analysts following the firm’s announcement of its first quarter results.

“Singapore is back”, Mr Goldstein (pictured in a file photo) said, in a reference to “upward” month-on-month performance trends at Marina Bay Sands.

He added: “We’re back in business in Singapore in a very positive way.”

Nonetheless, first-quarter net revenues at the Singapore operation were down year-on-year, at US$399 million, versus US$426 million in the first quarter, 2021, said the group in its earnings announcement in the United States on Wednesday.

Source: https://www.ggrasia.com/singapore-is-back-lvs-chairman/