Las Vegas Sands Corp. reported net revenue of $1.01 billion for the fourth quarter of 2021, a 0.7% decline from the year-ago quarter.
Marina Bay Sands accounted for US$368 million of total revenue, followed by The Venetian Macau with US$272 million. Plaza Macau and Four Seasons Macau totaled US$140 million, with The Londoner Macau totaling US$139 million. The Parisian Macau and Sands Macau reached US$67 million and US$25 million respectively.
Operating loss was $138 million and net loss was $315 million, compared to $119 million and $303 million, respectively, in the prior-year quarter.
Consolidated adjusted property EBITDA was $251 million, compared to $191 million in the prior-year quarter.
The Pandemic Impacts on the Las Vegas Sands
Full year 2021 operating loss was $689 million, compared to operating loss of $1.39 billion in 2020. The operator noted that pandemic-related travel restrictions and reduced tourists continue to impact financial results.
“We remain confident in the eventual recovery of travel and tourism spending in our markets and excited about the opportunity to welcome more guests back to our properties in 2022 and beyond,” said Las Vegas Sands President and CEO Robert G. Goldstein.
The CEO further gave the following statement:
“While pandemic-related travel restrictions continue to impact our current financial performance, we have again generated positive EBITDA in each of our markets.”
“We remain deeply committed to supporting our team members and helping those in need in each of our local communities as they recover from the impact of the pandemic.”
“Our continued investments in our team members, our communities and our market-leading Integrated Resort offerings position us very well to deliver growth as travel restrictions eventually ease and recovery takes place.”
“We are fortunate that our financial strength supports our investment programs and capital expenditures in both Macau and Singapore, as well as our pursuit of growth opportunities in new markets.”
