.
It was the first quarterly earnings report since the death on January 11, of the parent group’s founding chairman and chief executive, Sheldon Adelson. The newly-confirmed chairman and CEO, Robert Goldstein, said in prepared remarks, issued with the latest results, that the weeks since, had been “difficult”, but that the group’s operating strategy – “investing aggressively to build iconic resorts” remained “firmly in place”.
Sands China posted a net loss of US$246 million in the fourth quarter, under half of the US$562-million loss in the third quarter. The result was a far cry from the net income of US$513 million that Sands China reported in the fourth quarter of 2019.