High stakes on the table for Singapore's integrated resorts

Singapore

THE two Singapore integrated resorts (IRs) reported better financial numbers for the first half of this year compared to a year ago, but the IRs are performing far below what they were doing prior to the onset of the Covid-19 pandemic in early 2020.

Based on results posted by Las Vegas Sands, which owns Marina Bay Sands (MBS), net revenues of MBS rose 19 per cent year-on-year (yoy) to US$753 million in the first half of 2021. But net revenues for H1 2021 is around half that of US$1.46 billion and US$1.58 billion for H1 2019 and H1 2018 respectively.