Sands China saw its total net revenues decline by 5.7% year-on-year to US$1.70 billion, and net income by 32.0% to US$202 million, in the three months to 31 March 2025 as ongoing renovation works at its former Sheraton Grand Hotel and general softness in the market continued to bite. The company did confirm, however, that all room inventory at the recently renovated The Londoner Grand is now open and available ahead of May Golden Week.
According to information from parent Las Vegas Sands Corp, which released its 1Q25 financial results this morning, all of Sands China’s Macau resorts showed year-on-year revenue declines with the exception of The Plaza Macao and Four Seasons.
