乐上海 松江大学城一次400

Covid impact leads Las Vegas Sands to $2.18bn loss in 2020

Posted on

first_img Las Vegas Sands made a loss of more than $2bn with revenue falling 73.7% to $3.61bn for 2020, as new chief executive Robert Goldstein announced the results of a year severely impacted by the novel coronavirus (Covid-19). Las Vegas Sands made an additional $120m, down 80.8%, from its Sands Macau property, plus $28m, down 76.1%, from ferry operations to and from the region. Covid impact leads Las Vegas Sands to $2.18bn loss in 2020 The Venetian Macau brought in $738m, but this was down 81.8% year-on-year. Revenue from the Londoner Macau – formerly Sands Cotai Central – brought in $297m, 85.5% less than Sands Cotai Central did in 2019, after rebranding in a disrupted year. Topics: Casino & games Finance Land-based casino Full year results 2020 Room revenue fell 72.5% to $498m while food and beverage revenue was down 68.7% to $283m. Mall revenue fell 46.8% to $381m and convention, retail and other revenue was down 66.7% to $182m. Tags: Covid-19 Las Vegas Sands AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The decline in revenue was sharpest in Macau, where travel restrictions impeded all operators’ earnings for most of the year, meaning revenue from the special administrative region was down 80.7% to $1.71bn. The Parisian Macau also saw a steep drop in revenue, which fell 84.3% to $259m, while the Plaza Macau and Four Seasons Hotel was more resilient, but revenue was still down 68.8% to $265m. Casinos were still the largest contributor to revenue, but revenue from this segment was down 65.9% year-on-year to $2.27bn. Full year results 2020 Subscribe to the iGaming newsletter Read the full story on iGB North America Email Address Regions: Asia China US Singapore Macau Nevada 28th January 2021 | By Daniel O’Boylelast_img read more