Las Vegas Sands Is Still Confident In The Restoration Of Gambling Business After A Pandemic

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June 22, 2022
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The global leader of the hospitality industry and gambling entertainment las vegas sands again expressed enthusiasm on the prospects for the recovery of the global coronavirus pandemic. At the same time, the company reports that prohibitions on trips related to restrictions in different countries continue to influence financial results.

So, in the second quarter, the operator’s net revenue was $ 1.17 billion, which is significantly more than 62 million recorded for the same period last year. At the same time, the operating loss has reached a mark of $ 139 million compared with $ 757 million for the same time interval of the 2020. As for losses in the second quarter of this year, they amounted to $ 280 million. This figure is significantly lower than last year’s $ 841 million.

"We are still enthusiastically apply to the possibility of greeting more guests in our objects, because in the end, many will still be able to go to macau and singapore," said robert goldstein, chairman and chief executive officer of the company.

The functioner added: "we will also support people who can not handle without us. The demand for brand suggestions from customers who were able to receive our services remains high. But restrictions on trips associated with a pandemic, both in macau and singapore, continue to reduce attendance and worsen current statistical indicators.

According to goldstein, complensive resort suggestions and financial power las vegas sands support investment programs and capital investments in new markets.

Note, in march 2021, las vegas sands concluded an agreement to sell its real estate in las vegas at a customody price of $ 6.25 billion. It expected that the deal will be compleed in the fourth quarter.

Recall, the market of gambling online in 2021 will grow by $ 8 billion.

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