Your Daily Asia Gaming eBrief: MBS carries Sands through 3Q22

Good morning! LVS posted 3Q22 results showing a ramped-up recovery path for MBS Singapore. Not so much back home, where recovery timings are uncertain and Macau remains unappealing to Mainland visitors.

What you need to know

• Las Vegas Sands 3Q22 EBITDA loss was in line with estimates but Macau recovery is still dependent on China's COVID policy: Jefferies.
• Marina Bay Sands, on a ramped-up recovery path, generated $343m EBITDA, carrying Las Vegas Sands through the $158m loss for 3Q22.

On the radar

• Venetian Las Vegas getting a $1B refresh.
• Crown Barangaroo bets on Asian tourism.

AGB Intelligence

MACAU

Sands 3Q22 in line, recovery, timings, uncertain: Jefferies

Industry Updates

• PAGCOR turns over P19.5 million of financial aid.
• Innovative Technology reports successful G2E Las Vegas.

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