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Marina Bay Sands Q2 earnings dip 1.7% to US$357m
Growth in slot revenues, resilience of room rates and mall revenues help to counter softer gaming volumes
Nisha Ramchandani
Published Tue, Jul 26, 2016 · 09:50 PM
Singapore
MARINA Bay Sands saw its Q2 profit for the three months ended June 30 slip 1.7 per cent year on year to US$357 million as earnings were impacted by lower table game revenue.
Net revenue for the quarter was marginally lower, inching down 0.4 per cent to US$710.1 million mainly due to a slight drop in revenue from its casino business. Casino revenue - which contributes to the bulk of top line - came to US$556.7 million, or down 1.6 per cent, compared to the corresponding quarter a year earlier.
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