Sands China posts USD 245 M net losses in Q4 2021
Monday 31 de January 2022 / 07:07
⏱ 1 min read
(Macau).- Sands China posted a net loss of US$245 million in the last quarter of last year, the Macau casino operator has announced.
For the same period of 2020, the company had posted a loss of US246 million the group indicated in the results reported to the Hong Kong stock exchange by the Las Vegas Sands Corporation.
Last year, Sands China saw net revenues rise 70.4 per cent compared to 2020, to US$2.87 billion, while losses narrowed in 2021, to US$1.05 billion from US$1.52 billion in 2020.
Earnings before tax, interest, depreciation and amortisation (EBITDA) in the last quarter of 2021 were US$74 million compared with US$47 million in the corresponding period in 2020.
CEO of parent company Las Vegas Sands Corp Robert Goldstein said “results continue to reflect the impact of the pandemic” as travel restrictions continue to “affect the number of visitors” to Macau. “We remain confident in the eventual recovery,” he stressed.
Since the start of the pandemic, Macau has recorded 79 confirmed cases and maintains strong border restrictions, defined by a ‘zero case’ Covid-19 policy.
The borders are only open to Chinese citizens and residents of the territory, and compulsory quarantines of different durations are imposed, depending on the place of origin.
Currently, those arriving in the territory from the adjacent city of Zhuhai must present a negative test certificate, issued 24 hours before.
Categoría:Gaming
Tags: Sin tags
País: Macao
Event
AffPapa Conference Madrid 2026
18 de May 2026
StatsDrone Revolutionizes Data Analytics in iGaming at AffPapa Madrid 2026
(Madrid, SoloAzar Exclusive).- John Wright, CEO and co-founder of StatsDrone, shared with SoloAzar his insights after participating in the AffPapa Conference Madrid 2026. He discussed how the company presented its new analytics platform NousViz, the feedback received from attendees, and the strategic goals driving StatsDrone’s expansion in the iGaming and affiliate marketing industries.
Friday 29 May 2026 / 12:00
The Future of Operator-Affiliate Partnerships at AffPapa Madrid 2026
(Madrid, SoloAzar Exclusive).- At AffPapa Conference Madrid 2026, industry leaders gathered to discuss the evolving relationship between operators and affiliates during the panel “The Future of Operator-Affiliate Partnerships.” Moderated by Nugzar Ramishvili, the discussion featured Nikoleta Hristova, Havard Lehn, Nemanja Lazarevic, Gjorgje Ristikj and Armin Aganovic. The session explored key industry challenges including transparency, listing fees, AI adoption, streamer marketing, and the future sustainability of affiliate partnerships.
Friday 29 May 2026 / 12:00
Nordic.Partners Eyes the Future at AffPapa Madrid 2026
(Madrid, SoloAzar Exclusive).- During last week's AffPapa Conference Madrid 2026, SoloAzar spoke with Sara Hägge, CEO at Nordic.Partners, about the company’s participation in the event, the evolution of affiliate marketing within the global iGaming industry, and the strategic role of technology, branding, and community-building in today’s increasingly competitive market. In this interview, Hägge shares her views on affiliate needs, operational efficiency, AI integration, and the future opportunities shaping the affiliate ecosystem.
Thursday 28 May 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
