Sands China says it is already seeing much higher margins in its Macau business, with the trend expected to continue in the months and years ahead as visitation levels recover.
Details of the company’s margins were outlined during the company’s 3Q23 earnings call on Thursday morning (Asia time), with the market-wide shift away from VIP and towards the mass and premium mass segments showing significant benefit.
According to Patrick Dumont, President and COO of Sands China’s parent company Las Vegas Sands, group-wide EBITDA reached US$631 million in the September quarter at a 35.3% margin – up 210 basis points quarter-on-quarter.
