Marina Bay Sands records 9.7% rise in net profit for Q1
Published on Apr 25, 2014 12:57 PM
SINGAPORE - Marina Bay Sands has posted a net profit of US$435.2 million (S$547.7 million) for its first quarter this year, up 9.7 per cent from a year ago.
This was helped by strong growth in non-gaming revenue and a higher hold rate on VIP play, the Singapore casino said on Friday.
The casino posted total revenues of US$835.4 million, up 5.1 per cent from US$794.9 million a year ago. Mass market revenues grew slightly to US$4.65 million per day, compared with US$4.64 million a year ago.
Its parent, Las Vegas Sands (LVS) posted net profit of US$776.2 million, or 95 US cents a share, for the quarter, up from US$572 million, or 69 US cents a share, a year earlier. Revenue rose 21 per cent to US$4.01 billion.
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