Higher hold rate boosts MBS Q3 earnings

Singapore

EVEN as Marina Bay Sands (MBS) posted robust earnings for the third quarter, analysts noted that its receivables reserves levels for gaming debt were as high as they have ever been in Singapore.

For the three months ended September, MBS's adjusted property Ebitda (earnings before interest, taxes, depreciation and amortisation) surged 43 per cent to US$373.6 million from US$260.8 million a year ago, helped by a higher rolling chip win percentage of 2.85 per cent and non-gaming revenues.