MBS posts S$1 billion record revenue in Q4
Marina Bay Sands (MBS) raked in a record net revenue of S$1 billion (US$806.9 million) in the fourth quarter last year, a 44 per cent increase over the same period the year before.
US-based parent company Las Vegas Sands Corp. said in its press statement that the Singapore casino-resort posted strong growth in the VIP segment, mass gaming and slot volumes together with continued growth in visitor numbers and non-gaming revenue streams.
"Looking ahead, as Singapore's complementary business and leisure tourism offerings and transportation infrastructure continue to expand, we are confident that Marina Bay Sands will generate meaningful growth and outstanding returns for our company," said LVS, which has gaming and hotel operations in Las Vegas and Macao.
Headed by its billionaire CEO Sheldon Adelson, LVS reported that consolidated net revenue also increased 37.3 per cent to a record US$9.41 billion. The increase was principally due to stronger results across the company’s portfolio of domestic properties in Las Vegas as well as overseas properties in Macao and MBS.
The US company has also declared an annual dividend of $1 per share.
