Las Vegas Sands reported net revenue of $1.05 billion for the second quarter of 2022, an 11% decline from the year-ago period.
The casino accounted for $709 million of total revenue for Q2 2022, compared to $843 million for Q2 2021.
Operating loss for the period was $147 million, compared to $139 million for the second quarter of 2021, while net loss from continuing operations was $414 million, compared to $280 million for the same period last year.
Consolidated Property EBITDA for the second quarter of 2022 was $209 million, compared to $244 million in the prior year quarter.
“We continue to be excited about the opportunity to welcome more guests back to our properties as greater volumes of visitors will eventually be able to travel to both Singapore and Macau,” said Las Vegas Sands President and CEO Robert G. Goldstein.
“We also remain steadfast in our commitment to supporting our team members and helping those in need in each of our local communities as they recover from the impact of the pandemic.”
“We remain confident in the recovery of travel and tourism spending across all our markets. Demand for our offerings from customers who were able to visit remains robust, as pandemic-related travel restrictions continue to limit visits and hamper our performance. current financial situation”, added Goldstein.
The company’s Macau operations accounted for US$374 million in total revenue for the period, compared to US$855 million in the second quarter of 2021. quarter of 2021 to $679 million in the second quarter of 2022.
Goldstein added, “Our industry-leading investments in our team members, our communities and our portfolio of integrated resort properties position us extremely well to deliver future growth as travel restrictions ease and recovery takes place.”
“We are fortunate that our financial strength supports our investment programs and capital expenditures in both Macau and Singapore, as well as our pursuit of growth opportunities in new markets.”
