Gaming revenues at Marina Bay Sands at highest level since start of Covid-19, as visitors return

Singapore’s two integrated resorts (IR) are benefiting from tourists returning to the Republic, with Marina Bay Sands (MBS) reporting its highest quarter of gaming revenue since the onset of Covid-19 in 2020.

Analysts are also expecting Resorts World Sentosa (RWS) to deliver numbers exceeding pre-pandemic levels when it reports results on Aug 12.

In its second-quarter earnings call last week, Mr Robert Goldstein, chairman and chief executive of MBS’ parent company Las Vegas Sands (LVS), noted that gross gaming revenues at MBS hit US$390 million (S$540 million) in the April – June quarter.

This is up by almost 42 per cent from the first quarter from January-March. It was also the highest quarterly revenue reported since the fourth quarter of 2019, before the pandemic hit.

Source: https://www.straitstimes.com/business/economy/gaming-revenues-at-marina-bay-sands-at-highest-level-since-covid-19-as-visitors-return