Sands sees revenue rocket 60.2% in H1 amid Covid-19 recovery
Total revenue for the six months to June 30 amounted to $2.37bn (£1.73bn/€201.2m), up from $1.48bn in the same period last year, during which the operator was hit by casino closures as a result of the novel coronavirus (Covid-19) pandemic.
In 2020, Sands’ casinos in Macao closed for a short period in February, while its Las Vegas properties shut between March 18 and June 4, and its Singapore Marina Bay Sands facility from April 7 to June 30.
However, this year, only Marina Bay Sands closed between May 17-19, while all of its other casinos remained open, albeit with certain restrictions of capacity and social distancing in the properties.
Certain travel restrictions also remain in place due to Covid-19, with tourism and travel to Macao and Singapore currently limited, reducing the number of visitors to Sands’ casinos in the respective markets.