Sands China said its net income increased 19.7 percent to $511 million in the second quarter of 2019, due mainly to stronger base mass.
Total revenue for SCL increased 1.4 percent to $2.1 billion, while adjusted EBITDA grew 2 percent reaching US$765 million – slightly below forecasts from Jeffries and Bloomberg.
Sands said that the results were aided by growth in mass table and slot revenue, which increased 6 percent year-on-year, along with record volumes in the base mass table segment.
Analysts from Jeffries added that average win/table/day increased 18.4 percent year-on-year for base mass, but noted that this was offset by a -8.3 and -15.8 percent decrease in premium mass and VIP, respectively.
Sands management said that The Parisian had outperformed other properties due to the introduction of new suites.
Singapore police have busted at least two illegal gambling operations in the past week, while across Asia authorities have moved to stamp out illicit activities, from raids on premier league matches in India, to illegal number forecasting in Malaysia.