Las Vegas Sands is forecast to exceed US$5 billion in group-wide EBITDA for the first time since 2019 this year, aided by the continued strength of Singapore’s Marina Bay Sands (MBS) and steady improvement at Sands China in Macau.
According to a Thursday note by Seaport Research Partners, both the Singapore and Macau markets remain robust short- and long-term prospects despite recording mixed results in 4Q25, where MBS again exceeded expectations with a record US$806 million in Adjusted Property EBITDA but Macau failed to impress with EBITDA of US$608 million.
