Good morning. The house does not always win—at least not at the expected rate. Sands China’s quarterly profit dropped 50 percent after weak VIP hold reduced Macau EBITDA by an estimated $87 million, but higher gaming volumes and a larger share of high-value play kept its $700 million quarterly EBITDA goal intact. Elsewhere in Macau, Wynn Macau secured a land amendment paving the way for its planned Enclave hotel and entertainment expansion at Wynn Palace.
What you need to know
- Sands China’s second-quarter profit fell 50 percent to $107 million as low Macau rolling hold outweighed growth across all gaming segments.
- Sands China keeps its $700 million quarterly Macau EBITDA goal, citing a market-leading 26 percent share of rolling-chip volume.
- Wynn Macau secured amended land terms for a new hotel, theatre and event center at Wynn Palace, with completion required by July 2031.
On the radar
- Resorts World New York opens expanded floor with 1,400 new slots.
- Cambodia prepares nationwide casino compliance evaluations.
- RWS opens 557-room Four Points by Sheraton hotel in Jurong.
- SkyCity Auckland hotel could fetch up to $146 million: investment firm.
- South Korean casino association calls for rethink of proposed levy hike.
- Google widens gambling ads to 37 markets, tightens checks.
AGB Intelligence
RESULTS
Poor Macau luck halves Sands China second-quarter net profit
Unusually low rolling hold drove Sands China’s second-quarter net income down 50 percent to $107 million, while Macau property EBITDA fell 24 percent to $430 million. The decline came despite stronger rolling, non-rolling and slot volumes, as well as a higher mass-market revenue share. The Londoner led the Macau portfolio by revenue, while Marina Bay Sands retreated from its recent record performance.
Industry Updates
- IBIA reports 76 suspicious betting alerts across nine sports in Q2 2026.
- OpenBet proves high reliability with $3B wagered during World Cup 2026.
- RubyPlay partners with Betnacional to accelerate Brazil expansion.
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