Full Year Net Revenue of $7.8 billion, down 79% year-on-year
Full Year Adjusted EBITDA of $(0.9) billion versus $12.6 billion in 2019
Q4 Net Revenue of $3.3 billion, down 64% year-on-year and up 430% quarter-on-quarter
Q4 Adjusted EBITDA of $0.7 billion, down 77% year-on-year and up 193% quarter-on-quarter
Played unlucky in Q4 which decreased Adjusted EBITDA by approximately $41 million, normalized Q4 Adjusted EBITDA of $0.8 billion, down 74% year-on-year and up 199% quarter-on-quarter
Hotel occupancy for Q4 across the five hotels was 49%
Full Year Net Revenue of $2.2 billion, down 80% year-on-year
Full Year Adjusted EBITDA of $(0.3) billion versus $3.5 billion in 2019
Q4 Net Revenue of $1.0 billion, down 64% year-on-year and up 380% quarter-on-quarter
Q4 Adjusted EBITDA of $0.2 billion, down 81% year-on-year and up 167% quarter-on-quarter
Las Vegas Sands Ranks Highest Among Integrated Resort Developers on Fortune s World s Most Admired Companies List
Company Makes the Prestigious List for Five Consecutive Years
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LAS VEGAS, Feb. 1, 2021 /PRNewswire/ Las Vegas Sands (NYSE: LVS) has again been named one of the World s Most Admired Companies in
Fortune s annual list of the most respected and reputable businesses, ranking highest overall and tops in social responsibility among hotel and gaming Integrated Resort operators. Sands 2021 appearance on the list is its fifth straight and eighth in the past nine years. Being recognized as one of the world s most admired companies year after year, and the top-ranked Integrated Resort company in 2021, is a testament to our impact in driving significant business and leisure tourism through our Integrated Resorts and our deep commitment to making our regions better places to live, work and visit, said Patrick Dumon
What is Singapore Tourism doing to emerge after COVID-19?
February 2, 2021
Due to unprecedented global travel restrictions and border closures, Singapore Tourism saw a decline in both visitor arrivals and tourism receipts in 2020. Visitor arrivals (VA) fell by 85.7 percent in 2020 to reach 2.7 million visitors (nearly all from the first 2 months of 2020). Tourism receipts (TR) declined by 78.4 percent to S$4.4 billion in the first 3 quarters of 2020.
Despite enduring its toughest year on record, Singapore’s tourism sector has taken strides to reimagine its offerings and experiences, while supporting nationwide efforts to tackle the COVID-19 pandemic. Tourism-related companies have benefited from various government support measures to transform their products and offerings while building new capabilities to position themselves for future growth opportunities.
Las Vegas Sands Reports Fourth Quarter 2020 Results
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LAS VEGAS, Jan. 27, 2021 /PRNewswire/ Las Vegas Sands Corp. (NYSE: LVS), the world s leading developer and operator of convention-based Integrated Resorts, while continuing to mourn the loss of its visionary founder, Mr. Sheldon G. Adelson, today reported financial results for the quarter ended December 31, 2020. Mr. Adelson s vision and leadership created Las Vegas Sands and the convention-based Integrated Resort business model that forms the bedrock of the company s success, said Mr. Robert G. Goldstein, Chairman and Chief Executive Officer. His impact will live on through the company s 50,000 team members and the iconic properties he developed around the world. These last few weeks since Sheldon s passing have been difficult for all of us, but his commitment to investing aggressively to build iconic resorts that deliver economic benefits to our host communities, th
Las Vegas Sands Announces Executive Leadership Team
Robert G. Goldstein Becomes Chairman and Chief Executive Officer; Patrick Dumont Named President and Chief Operating Officer
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LAS VEGAS, Jan. 26, 2021 /PRNewswire/ Las Vegas Sands has named long-time company executive Robert G. Goldstein chairman and chief executive officer, after having assumed the role as acting chairman and chief executive officer on January 7, 2021. Patrick Dumont has been named president and chief operating officer, and Randy Hyzak will now serve as chief financial officer. Mr. Dumont previously served as executive vice president and chief financial officer, and Mr. Hyzak was chief accounting officer.