Marina Bay Sands adjusted property EBITDA up 30.1% to $491m in Q3

This is on the back of the recovery in travel and tourism spending.

Marina Bay Sands (MBS) reported a strong performance in the third quarter, increasing by 30.1% year-on-year (YoY) in adjusted property earnings before interest, taxes, depreciation and amortisation (EBITDA) to reach $491m.

In a statement, MBS operator Las Vegas Sands CEO and Chairman Rober Goldenstein said the travel and tourism spending recovery contributed to the growth of its operations in Macao and Singapore.

Las Vegas Sands’ earnings in its operation in Macao reached $631m, following a $152m loss in the same period last year. Its consolidated adjusted property EBITDA surged by 82.98% to reach $1.12b.

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"In Singapore, Marina Bay Sands again delivered outstanding levels of financial and operating performance. Our new suite product and elevated service offerings position us to deliver future growth as airlift capacity continues to improve and the recovery in travel and tourism spending from China and the wider region continues,” the CEO said.

In Macao, both the gaming and non-gaming segments recovered during the period.

“We remain enthusiastic about the opportunity to continue our investments to enhance Macao's tourism appeal to travellers from throughout the region, including to foreign visitors to Macao,” he added.