The Marina Bay Sands resort generated $1.1 billion in revenue in the last quarter of 2023, driven primarily by its casino operations

This week, American operator Las Vegas Sands reported the financial performance of its Singapore casino resort, Marina Bay Sands, for the fourth quarter of 2023. From October to December, the resort's revenue reached $1.1 billion (97.6 billion rubles), marking a 55.6% increase from $682 million (60.5 billion rubles) in the same period last year.
The primary driver of this overall financial growth was the casino's revenue, which surged from $402 million (35.7 billion rubles) to $741 million (65.7 billion rubles), an impressive increase of 84.3%. Other segments of the resort's business also showed progress. For instance, hotel room revenue in the fourth quarter of 2023 amounted to $117 million (10.4 billion rubles), up 18.2% from $99 million (8.8 billion rubles) earned in the last quarter of 2022.
Marina Bay Sands' adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) soared by 99.3%. Over the course of the year, this figure rose from $273 million (24.2 billion rubles) to $544 million (48.3 billion rubles).
Representatives from Las Vegas Sands stated that the Singapore casino resort once again demonstrated outstanding financial and operational performance. "New service packages and expanded offerings position us well as air travel capacity improves. The recovery in travel and tourism spending from China and other regions continues to grow," added officials from the parent company.
Overall revenue for Las Vegas Sands in the fourth quarter of 2023 reached $2.9 billion (257.2 billion rubles), a staggering 161% increase compared to 2022. EBITDA rose from $222 million (19.7 billion rubles) to $1.2 billion (106.4 billion rubles). For the entire year of 2023, the American operator's revenue totaled $10.3 billion (913.6 billion rubles), surpassing the 2022 figure by 152.4%.
Meanwhile, authorities in Nagasaki may consider reapplying for a casino license if the Japanese government provides more clarity on regulations.