Marina Bay Sands: where VIP gamblers’ luck goes to die

Casino operator Las Vegas Sands saw its revenue top $3b in the second quarter of 2017, thanks in part to a luckier than usual VIP performance at its Singapore operations.

Figures released Wednesday show Sands’ revenue rising 18.6% to $3.14b in the three months ending June 30, while operating income rose 57.5% to $816m and net income spiked nearly 62% to $638m.

Sands China’s operations in Macau remain the company’s main breadwinner, posting revenue of $1.82b, up 23% year-on-year, while net income was up 37.6% to $326m. The strong performance comes just as Sands China’s debut property, the Venetian Macao, prepares to celebrate its tenth anniversary on August 28.

Total mass gaming revenue in Macau was up 22.6% year-on-year (base mass up 11%, premium mass up 39.3%), while VIP win was up over one-third from Q2 2016.