Las Vegas Sands Reports Third Quarter 2022 Results

Las Vegas Sands Corp., the world's leading developer and operator of convention-based Integrated Resorts, today reported financial results for the quarter ended September 30, 2022. 

"While travel restrictions continued to impact our financial results this quarter, we were pleased to see further progress in Singapore's recovery, with Marina Bay Sands reaching 343 million dollars in adjusted property EBITDA. We remain enthusiastic about the opportunity to welcome more guests back to our properties as greater volumes of visitors are able to travel to both Singapore and Macao", said Robert G. Goldstein, chairman and chief executive officer. 

"Our investments in our team members, our communities and our industry-leading integrated Resort property portfolio position us exceedingly well to deliver future growth as travel restrictions subside and the recovery in travel and tourism progresses. 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". 

Net revenue was 1.01 billion dollars, compared to 857 million dollars in the prior year quarter. Operating loss was 177 million dollars, compared to 316 million dollars in the prior year quarter. Net loss from continuing operations in the third quarter of 2022 was 380 milion dollars, compared to 594 million dollars in the third quarter of 2021. 

Consolidated adjusted property EBITDA was 191 million dollars, compared to 47 million dollars in the prior year quarter.