... [+]—is investing $6.8 billion in Macau and Singapore to expand its presence in Asia amid a gaming boom across the region.
The U.S. gaming giant announced its Asian investment plans Thursday as it reported record gaming revenues at Marina Bay Sands. The iconic property in Singapore’s financial district reported mass gaming revenues climbed to $477 million in the fourth quarter of 2022, from $215 million the previous year. That helped narrow Las Vegas Sands’ quarterly net loss from continuing operations to $269 million from $315 million a year ago.
“We are pleased to see the robust recovery continue at Marina Bay Sands during the quarter, with the property delivering record levels of performance in both mass gaming and retail revenue,” Robert Goldstein, chairman and CEO of Las Vegas Sands, said in aSingapore has seen a surge in tourism since reopening its borders last year with the resumption of back to back international events such as the Formula One grand prix in October.
Gambling ought to be banned
He passed, I didn't even know?!😥
Is Macau safe from China? Seems risky 😳 ChinaUprising