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    MBS posts S$1 billion record revenue in Q4

    By Clarence Chen | Yahoo! Newsroom – Fri, Feb 3, 2012

    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.

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    • Kit
      Kit  •  Singapore, Central Singapore  •  3 months ago
      Good for a few.......no good for the rest...
      • CKL
        CKL 3 months ago
        anyway, as usual, they will pay minimal amount for bonus to the low and mid-ranking staff.
    • SINGPOST
      SINGPOST  •  3 months ago
      Singaporeans: 2nd biggest gamblers in the world

      The PAP govt had many options to keep the economy healthy but it decided to take a short cut by building 2 casinos which it chose to call Integrated Resorts to obscure the harm caused by gambling.

      The govt collects large tax revenues from these entities and passes the big problems an under-funded agency known as the NCPG - the amount of funding for the NCPG is not even enough for the finger food and free drinks they give out at the casinos. The other organisations that chip in are churches and volunteer groups.

      The Singapore govt held out this bogus argument that the casinos will create jobs for Singaporeans - what kind of jobs? ....If you visit the IRs many of the workers are foreigners. The Singapore economy does not face a job shortage otherwise why do we need to import so many foreigners to fill jobs.

      What we need are higher paying good quality jobs that casinos do not create. The casinos are a big mistake by the PAP govt as they bring far more harm than good to our society.

      ~ Lucky Tan
      • TheMan
        TheMan 3 months ago
        I beg to differ.
        I personally feel its an individual's responsibility to take care of ones self. If you can't take/make risk, you should be mature enough to abstain from entering the casino. Its not right to blame the government entirely on the negative impacts it has on its citizens. We're (21 & above) hopefully old enough to make logical decisions in life.

        Secondly, I have friends working both in RWS and MBS. I must say theres a large number of Singaporeans working in the casinos.. Unless we have toured the entire complex, I don't think its fair to immediately make a statement that foreigners takes up a large percentage.
      • SINGPOST
        SINGPOST 3 months ago
        @Eric: On your first comment: On a micro level, individuals have to take care of themselves. This, I agree with you. On a macro level, the government is supposed to take care of Singaporeans. If you disagree, then why do we have CPF since retirement is an individual's responsibility?

        On your second comment. This is what has been reported by CNA:
        “Resorts World Sentosa said 70 per cent of its staff strength of over 8,000 are Singaporeans or Permanent Residents. But some who’ve visited the gaming tables are questioning where exactly are they working?” it asked.

        I am not in a position to comment since no data has been forth-coming from the IRs on the actual percentage of Singaporeans employed, excluding PRs, since PRs are still considered as foreigners.
      • Zorro007
        Zorro007 3 months ago
        @Eric - i won't blame you, it's your view, but try to help out the victims and feel pity for them. Thanks.
    • pluto
      pluto  •  3 months ago
      We are not impressed.

      Deep inside us it is not something for Singaporeans to be proud of this achievement !
      • wow
        wow 3 months ago
        yeap ! I don't like it when visiting my relatives who are ex-Singaporeans in Sydney and Perth, that the impression that they are getting is a country of sin.

        Hope Chen Show Mao takes over.

        This country has no more political morality. It needs a lot of healing.
        Especially those that suffered from the casulties of their stupid policies. 70% are FT, so casino create jobs for who and who are the victims ?

        The incumbent is greedy, self-serving and they wayang all the time.
      • Lorne Greene
        Lorne Greene 3 months ago
        well said, @pluto !

        are we really proud of this "achievement" ?
      • Hello
        Hello 3 months ago
        agree, yes I do hope Chen Show Mao can take over !
        @wow The country needs a lot of healing you are right !
        How can we let these greedy pigs lead us anymore ?
        It is now a sinful city ! I hope the 60% will wake up !
    • Jonn
      Jonn  •  Singapore, Central Singapore  •  3 months ago
      Not sure how many happy tourists returned home, depressed and suicidal....
      • Mok
        Mok 3 months ago
        是。多少人家破人亡？但你不做，别人做。
      • honey
        honey 3 months ago
        Go n check then tell us.quick.........
      • Ritchie gan
        Ritchie gan 3 months ago
        End of the day, your life is in your hands so you live it the way you want.
    • lim
      lim  •  Singapore, Central Singapore  •  3 months ago
      The govt make a lot of money but sold the soul !
      • Dr Silly Mask
        Dr Silly Mask 3 months ago
        How do they spend the money? Is it on the people?
      • 团结就是力量
        团结就是力量 3 months ago
        Luckily into their pocket.

        We do not have to pay for the SIN that they committed.

        So please don't step into the casino at all.
      • Hello
        Hello 3 months ago
        How true !
    • A Yahoo! User  •  Singapore, Central Singapore  •  3 months ago
      CEO Sheldon Adelson is laughing all the way to the bank. He has this message for the gamblers, "thanks a billion, you suckers"
    • Algoree
      Algoree  •  Singapore, Central Singapore  •  3 months ago
      casino sucks money from the people, proud of the profit? it's like selling drugs but called it legally. I don't see anything to be proud
    • MMS
      MMS  •  Singapore, Central Singapore  •  3 months ago
      Immoral money. Shame, shame.
    • Eug
      Eug  •  3 months ago
      woooooo !!!!
      PAP & GIC CEOs 20 mths bonus !!!!
      ERP goes up !!!
      COV goes up !!!
      GST goes up !!!
      Minister bonus goes up !!!
      What benefits do i get ??? and so what business has it got to do with me as a citizen ???
    • ho
      ho  •  Singapore, Central Singapore  •  3 months ago
      So, PAP LHL, how come my life is still the same but worse off. I thought you said this will make singapore life better???????
    • Dio
      Dio  •  Singapore, Central Singapore  •  3 months ago
      If MBS post a record of 1billion in revenue,that means a lot of people had been losing money.We can expect a lot of corruption,CBT,cheating...etc cases will go up.And not to forget suicide.....
    • LOL-ing
      LOL-ing  •  3 months ago
      they should seriously start plotting a chart:
      1: revenue vs suicidal
      2: revenue vs broken homes
      3: revenue vs ...many many more..
      the banks are legalised loan sharks and the casinos are legalised BLOOD SUCKERS!
    • vincent
      vincent  •  Singapore, Central Singapore  •  3 months ago
      Do you know why they build a ship on top the sands, I think they predict Singapore will sink by them one day, so that they can cruise with the money all the way home.
    • JK
      JK  •  3 months ago
      Blood tainted money. Karma finds its way to those who allowed, legalised, runs and profitting from it.
    • big
      big  •  Singapore, Central Singapore  •  3 months ago
      Can the main stream media be more open and fair? Just keep reporting Bedok Reservior Sucide..there r cases that someone jump down from MBS hotel n commit Sucide at RWS toliet..We just want to know the truth n don't keep Singaporean in the dark..I wonder who controlling all this News Media??If all this news are exposed, u think they have 1 billion revenue..
    • Jonn
      Jonn  •  Singapore, Central Singapore  •  3 months ago
      The weight of it's Guilt is heavy on the shoulders of all shareholders. No one will plead your mercy when you burn in Hell's eternal fire.
    • rainz
      rainz  •  3 months ago
      dirty money!
    • Xanrose
      Xanrose  •  3 months ago
      What is so proud about this kind of revenue? Blood money from innocent people. Dirty, blood money. I hope all the MBS SHAREHOLDERS will take their dividend and go gamble in other peoples' casino and get hooked and lost 100 times the amount they earn and in the end, the shareholders and their families all got chopped into tiny pieces by loan sharks and their meat and flesh fed to dogs and wolfes.
    • 团结就是力量
      团结就是力量  •  3 months ago
      @Eric
      So in the same tone, drug tracfficker are not committing any crime, "its an individual's responsibility to take care of ones self".

      So why did the gov punished drug trafficker?
      Drug Trafficker provide drug, Gov provide casino, doesn't both are doing the same thing?
    • JT
      JT  •  Singapore, Central Singapore  •  3 months ago
      MBS profit rise in tandem with suicide rate in Singapore!!
      George Yeo to get his share from MBS for suggesting to bring mass gambling into Singapore. But has to continue living and being haunted by the wondering souls of those who took their own lives because of gambling..
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