MBS 2nd Qtr Result Adds Pressure On RWS

Posted: July 27, 2011 in Uncategorized

EXTRACTS OF FINANCIAL REPORTS:

In Singapore, Marina Bay Sands produced a record $405.4 million of adjusted property EBITDA during the quarter and an EBITDA margin of 55.0%. Record VIP, mass gaming and slot volumes coupled with steady growth in non-gaming revenue streams including hotel, food and beverage, retail and entertainment reflect the broad appeal of the property to Singapore’s visitors from across the Asian region

Marina Bay Sands leading the market share? In Singapore.

With the above quarterly revenue and good Ebitda margin of 55%, it has shown that MBS has started its mass gaming Overdrive, clocking in higher market share than Resorts World Sentosa (RWS)?

On the contrary, it’s VIP gaming segment might be getting the wind for players, from Macau’s spill-over. (How they get around the regulation at this juncture, without licensed  operators?)

 

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