Sands China reported a third quarter loss of US$562 million, compared with net income of US$454 million in the third quarter of 2019. Total net revenues plunged by 92.1 percent, compared to the third quarter of 2019, to US$167 million, the Macau casino owner reported. Sheldon G. Adelson, chairman and chief executive of controlling shareholder Las Vega Sands, said the recovery from the coronavirus pandemic continues “in each of our markets.'' He was referring to Macau, Singapore and Las Vegas. Sands China djusted property EBITDA loss was US$233 million for the third quarter, compared with an adjusted property EBITDA of US$755 million for the third quarter of 2019.

Source: The Standard October 22, 2020 03:56 UTC