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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
Stablecoin issuer Tether invests US$200 million in brain-computer interface company
Yahoo to lay off staff in Singapore as it shifts to content curation
US: Wall St opens higher on megacap strength, Fed verdict awaited
IReit Global occupancy rate grows to 91.5% in Q1
Yen surges against US dollar on suspected intervention