MBS Q4 Ebitda jumps 25% despite lower VIP turnover

Singapore

BITTER sweet may well describe Marina Bay Sands' fourth-quarter showing with Ebitda (earnings before interest, taxes, depreciation and amortisation) rolling in at US$456 million, up 25 per cent from a year ago to cap 2017 with a record Ebitda of US$1.76 billion.

"I'm very excited about Singapore reaching the highest quarter that we've had of the year since we opened it in 2010," said Las Vegas Sands Corp (MBS's parent company) chairman and chief executive Sheldon Adelson at an analyst call on Thursday.