Error message

  • Notice: Trying to get property of non-object in template_preprocess_imageblock_content() (line 349 of /home/agbrief/agb/sites/all/modules/imageblock/imageblock.module).
  • Notice: Trying to get property of non-object in template_preprocess_imageblock_content() (line 349 of /home/agbrief/agb/sites/all/modules/imageblock/imageblock.module).

MBS property EBITDA up 13 pct in 17Q3

Marina Bay Sands (MBS) posted solid earnings in the third quarter of 2017, boosted by both mass and VIP revenue.

Net revenue rose 4.1 percent year-on-year to US$793 million, while casino revenue increased 6.3 percent. Adjusted property EBITDA increased 13 percent to $442 million.

“Marina Bay Sands' innovative programming, mass gaming play and non-gaming revenues underpin the continued success of this industry-leading property, while stronger VIP volumes and continued cost discipline also contributed to the strong performance,” said Sheldon Adelson, chairman and CEO of Las Vegas Sands.

More news from this jurisdiction

SingaporeWednesday, Jan 03, 2018

A portion of the ceiling board collapsed during renovation works at the Resorts World Sentosa casino in Singapore on Tuesday morning, injuring four construction workers, local media reports.

SingaporeSunday, Nov 26, 2017

Casino entry levies paid by Singaporeans and permanent residents have fallen to their lowest levels since 2010, according to an annual report released by the Singapore Tote Board.

SingaporeTuesday, Nov 21, 2017

Seven clubs operating jackpot machines in Singapore have been given notice to wind down their operations by April next year.

SingaporeMonday, Nov 06, 2017

Singapore saw an increase in visitor arrivals and tourism spending in the first half of 2017, according to data from the Singapore Tourism Board.

SingaporeMonday, Nov 06, 2017

Casino operator Genting Singapore reported a 24 percent increase in net profit for the third quarter of 2017, attributed in part to increased gaming revenues.

SingaporeWednesday, Oct 04, 2017

58 suspects have been arrested in Singapore following a four-day multi-agency joint operation in September

SingaporeTuesday, Oct 03, 2017

Genting Hong Kong is looking to delist from the Singapore Stock Exchange and maintain only a single primary listing on the Hong Kong Stock Exchange.