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Marina Bay Sands Q3 earnings slide on weaker VIP segment

Lower casino rolling chip volume down 24.9% from the same period a year ago to US$7.1 billion

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The slower casino business offset growth in MBS' hotel and non-gaming businesses. Net revenue fell 2.9 per cent to US$766 million, although room revenue rose 12.8 per cent to US$106 million, while food and beverage sales rose 15.2 per cent to US$53 million. Mall revenue rose 4.8 per cent to US$44 million.

Singapore

A SLUMP in VIP play at Marina Bay Sands has dragged third-quarter Ebitda (earnings before interest, tax, depreciation and amortisation) down 5.2 per cent to US$419 million from the same period a year earlier.

Lower casino rolling chip...

sentifi.com

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