Sands China revenue plummets in 2020 due to Macau travel restrictions
19th February 2021
| By Daniel O Boyle
Sands China, the Macau-focused subsidiary of Las Vegas Sands, made a loss of $1.52bn, representing three-quarters of the parent company’s 2020 loss, after revenue dropped 80.8% to US$1.69 billion amid travel restrictions.
Casino gaming brought in $1.17bn in revenue, down 83.3% while rooms produced $144m, down 80.3%, and shopping mall revenue declined 49.3% to $269m.
Food and beverage revenue dropped 80.2% to $59m and convention, ferry, retail and other revenue was down 80.0% at $46m.
The casino revenue of $1.17bn came as turnover fell 81.3% to $19.67bn, down 81.3%. This was made up of $12.1bn in VIP chip turnover, $4.65bn in non-VIP chip turnover and $2.92bn in slot turnover.