MBS property EBITDA up 13 pct in 17Q3

Marina Bay Sands (MBS) posted solid earnings in the third quarter of 2017, boosted by both mass and VIP revenue.

Net revenue rose 4.1 percent year-on-year to US$793 million, while casino revenue increased 6.3 percent. Adjusted property EBITDA increased 13 percent to $442 million.

“Marina Bay Sands' innovative programming, mass gaming play and non-gaming revenues underpin the continued success of this industry-leading property, while stronger VIP volumes and continued cost discipline also contributed to the strong performance,” said Sheldon Adelson, chairman and CEO of Las Vegas Sands.