Mass revenue boosts Sands China income

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.