Sands China Financial Overview (US$m) 2023 H1
Total group net revenues 2,895 Net gaming revenue Adjusted EBITDA
2,161 939
2022 1,605
947 (323)
Melco Resorts Macau Financial Overview (US$m) 2022
Total operating revenues Adjusted EBITDA
MGM Grand Financial Overview (US$m) H1 2023
Operating revenues Casino revenue Adjusted EBITDA
10,649 9,602 3,160
844 (170)
2022 5,268
4,438 (1,274)
2021 2,874
1,987 341
2021 1,660
144
2021 9,410
8,223 187
2020 1,687
1,169 (428)
2020 1,426
(135)
2020 5,095
4,384 1,371
2019 8,808
7,018 3,193
2019 4,988
1,412
2019 22,765
20,423 6,183
Tere are further plans to develop the Cotai footprint with six high-end hotel brands plus 4,000 seat theatre and more retail and non- gaming facilities.
Total net revenue for the group for H1 2023 amounted to HK$15.7bn compared to HK$6.5bn for the same period in 2022 which is a 141 per cent increase. Mass table drop for the same period was HK$46.9bn compared to HK$14bn for the 2022 first six months. Total group net revenues in 2022 were down year-on-year from HK$19.6bn to HK11.4bn.
Galaxy Macau is the primary source of revenues and net revenue in 2022 for this venue dropped by 44 per cent from HK$13.2bn (2021) to HK$7.4bn whilst five hotels recorded an occupancy rate of 31 per cent that year.
Starworld saw a drop of 68 per cent in its net revenues in 2022 with an occupancy rate of 38 per cent.
SANDS CHINA
Sands China owns five casino resort properties in Macau – the Casino Sands Macao, Te Venetian, Te Plaza, Te Parisian and Te Londoner. Te group also owns the Cotai Expo, one of the largest convention halls in Asia, the Cotai Arena, Venetian Teatre, Parisian Teatre and Londoner Teatre.
In FY 2022 in total the group had 12,392 hotel rooms and suites, 2.1m sq.ft of retail malls with 146 restaurants and food outlets, 1.7m sq.ft of MICE space, four theatres and two arenas.
Te Sands Macau was the first to open in 2004 on the peninsula and was the first Las Vegas style casino in Macau and offers 159 gaming tables, 563 slots and 238 hotel rooms. Visitors in 2022 were 0.9 million compared to 5.7 million in 2019.
P62 WIRE / PULSE / INSIGHT / REPORTS
Venetian Macao opened in 2007 on the Cotai Strip and is the group’s anchor property. Tere is a 39-storey hotel with 3,000 rooms and suites, 632 gaming tables and 1,176 slots. Te Venetian saw 9.7 million visitors compared to 36 million in 2019.
rooms and suites with a gaming area of 273 tables and 796 slots. Visitors were 3.3 million in 2022 compared to 13 million in 2019.
Sands China owns five casino resort properties in
Macau – the Casino Sands Macao, The Venetian, The Plaza, The Parisian and The Londoner. The group also owns the Cotai Expo, one of the largest convention halls in Asia, the Cotai Arena,
Venetian Theatre, Parisian Theatre and Londoner Theatre.
Te Plaza Macao opened in 2008 and is adjacent to the Venetian and consists of the Four Seasons Hotel with 649 rooms and suites. Te gaming area offers 142 table games and 98 slots. Visitors were 8.6 million in 2022 compared to 24.3 million in 2019.
Te Parisian opened in 2016 and is connected to the Venetian and Plaza Macao. It has a half scale Eiffel Tower structure and the resort has 2,500
Finally, the Londoner opened in phases throughout 2021 and 2022 and is also on Cotai and the largest of Sands China IR resorts on Cotai. Formerly the site was Sands Cotai Central which opened in 2012 but has since been rebranded, renovated, and expanded. Today there are four hotel towers with almost 6,000 rooms and a gaming area of 479 tables and 858 slots. Visitors in 2022 were 8.3 million compared to 19.2 million in 2019.
Total net revenues for the group amounted to HK$12.51bn in 2022, a drop of 44 per cent compared to 2021 which saw HK$22.42bn
First half year of 2023 saw total net revenues of US$2.9bn (HK$22.69bn) an increase of 216 per cent compared to the same period in 2022 with US$915m (HK$7.18bn).
Chairman Robert Goldstein said in the annual report: “Te company’s operations in Macau in 2022 were directly impacted by the reduction in visitation to Macau. Total net revenues for the company were approximately 18 per cent of the year 2019. Net revenues decreased approximately 44 per cent compared to 2021.”
MELCO RESORTS
Melco Resorts and Entertainment operates four locations in Macau.
Te City of Dreams on Cotai opened in 2009 and includes four hotels, 40 restaurants, 170 retail outlets, entertainment, and gaming area with 430 tables and 637 slots. Operating revenues in 2022 was US$559.7m which is more than 40 per cent of the company’s total operating revenues.
Studio City opened in 2015 on Cotai with the
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