Las Vegas Sands has published financial results for the quarter ended March 31, 2021. In this regard, it stands out that net income was $ 1.20 billion, a decrease of 15.6% from the prior year quarter.
During the first quarter of 2021, Las Vegas Sands recorded an operating loss of $ 96 million, compared to operating income of $ 6 million in the prior year quarter. Undoubtedly, these data reflect that travel restrictions related to the pandemic and reduced visits continue to affect financial results.
Additionally, the net loss from continuing operations in the first quarter of 2021 was $ 280 million, compared to $ 92 million in the first quarter of 2021 was $ 280 million, compared to $ 92 million in the first quarter of 2020. Consolidated adjusted property EBITDA was $ 244 million, compared to $ 349 million in the prior year quarter.
Robert G. Goldstein, chairman and chief executive officer, has been optimistic that they will be able to receive more guests at their properties as restrictions ease, and the recovery of tourism spending is possible in the markets where they operate. Likewise, he reiterates the company's commitment to the safety of team members, users and to helping those in need in each of our local communities as they recover from the impact of the COVID-19 pandemic.
Goldstein has emphasized the strengths of the company despite current challenges and says: "Our industry-leading investments in our team members, our communities, and our market-leading Integrated Resort offerings position us exceedingly well to deliver growth as these travel restrictions eventually subside and the recovery comes to fruition. We are fortunate that our financial strength supports our investment and capital expenditure programs in both Macao and Singapore, as well as our pursuit of growth opportunities in new markets."
It should be noted that last March Las Vegas Sands Our industry-leading investments in our team members, our communities, and our market-leading Integrated Resort offerings position us exceedingly well to deliver growth as these travel restrictions eventually subside and the recovery comes to fruition. We are fortunate that our financial strength supports our investment and capital expenditure programs in both Macao and Singapore, as well as our pursuit of growth opportunities in new markets.
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