Increases in mass-market play across all segments pushed Sands China’s first-half revenue up 24.7 percent to US.08 billion.
The Hong Kong-listed subsidiary of Las Vegas Sands said net profit was up 45.7 percent year on year over the six months ended June 30 to $1.37 billion on a 35.7 percent increase in EBITDA to $1.74 billion.
Most of the increases were generated by The Venetian Macao, the company’s Cotai flagship, which posted pre-tax earnings that were up 23 percent year on year to $872.9 million.
Sands Cotai Central made a strong No. 2 showing at $513 million, an increase of 85.2 percent.
The company said it is waiting for government approvals to restart construction on its $2.7 billion Parisian Macao on the Cotai Strip, which will add an estimated 20-30 percent to its capacity portfolio-wide. Building was halted two months ago following an accident at the site, but Sands said it expects construction will resume in October, “pending receipt of certain government approvals”.
The company said it is also considering a phased opening of the resort, which will feature a half-scale replica of the Eiffel Tower and house more than 3,000 hotel rooms.
