Marina Bay Sands adjusted property EBITDA up 1.34% in Q1

Earnings in its operation in Macao reached $17m.

Marina Bay Sands (MBS) reported a 1.34% year-on-year (YoY) in adjusted property earnings before interest, taxes, depreciation and amortisation (EBITDA) to reach $605m.

Las Vegas Sands also reported that for the period, Macao's adjusted property EBITDA stood at $535m, noting that a low hold on rolling play in Macao impacted its EBITDA by $10m. 

"We continued to execute our strategic objectives during the quarter.  We remain enthusiastic about our opportunities to deliver industry-leading growth in both Macao and Singapore in the years ahead as we execute our capital investment programs in both markets," said Robert G. Goldstein, chairman and chief executive officer, in a statement.

"In Macao, while market growth has softened in the current environment, our decades-long commitment to making investments that enhance the business and leisure tourism appeal of Macao and support its development as a world center of business and leisure tourism positions us well for future growth."