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This statistic highlights Las Vegas Sands’ Revenue by Segment, split across Intercompany royalties, Las Vegas operating properties, Marina bay sands, Sands Macao, The Londoner Macao, The Parisian Macao, The Plaza Macao and four seasons hotel Macao, The Venetian Macao and Ferry Operations and Other.
Revenue by Segment | Q3 2020 | Q2 2021 | Q3 2021 | Revenue Mix by Segment in Q3 2021 |
Intercompany royalties | $0.00 | $25.00 | $11.00 | 2% |
Las Vegas operating properties | $152.00 | $0.00 | $0.00 | 0% |
Marina bay sands | $281.00 | $327.00 | $281.00 | 61% |
Sands Macao | $12.00 | $42.00 | $12.00 | 3% |
The Londoner Macao | $0.00 | $189.00 | $22.00 | 5% |
The Parisian Macao | $40.00 | $101.00 | $40.00 | 9% |
The plaza Macao and four seasons hotel Macao | $25.00 | $125.00 | $25.00 | 5% |
The Venetian Macao | $68.00 | $391.00 | $68.00 | 15% |
Ferry operations and other | $4.00 | $7.00 | $4.00 | 1% |
Total | $604.00 | $1,207.00 | $463.00 | 100% |
(All the figures in millions, except the percentages)
There has been a fall in revenue from $604 million in Q3 2020 to $463 million in Q3 2021, falling from 23.34% on a year-on-year basis. The revenue also fell by 61.64% quarterly when compared to $1207 million in Q2 2021.
Intercompany Royalties
It refers to the revenue earned from foreign operations which were earlier included in the Revenue from Las Vegas operating properties.
The revenue declined significantly from $25 million in Q2 2021 to $11 million in Q3 2021 approximately by 56% on a Quarter-on-Quarter basis. It contributes 2% to the total revenue.
Las Vegas Operating Properties
The Las Vegas Properties is an integrated resort offering 7100 suites, meeting halls, 225,000 square feet of gaming space, and space for state of art exhibitions.
Las Vegas Operating properties are now considered as a discontinued operation and are held for sale due to which there is no revenue realized in Q2 2021 and Q3 2021.
Marina Bay Sand
Marina Bay Sand comprises 2600 rooms along with a 150-meter infinity swimming pool, nightlife brands, gaming spaces that consist of table games, slot machines, etc.
The revenue remained the same for Q3 2020 and Q3 2021 and witnessed 0% growth. But, there has been a decrease in revenue from $327 million in Q2 2021 to $281 million in Q3 2021, falling by 14.07% on a quarterly basis. The share of revenue stood at 61% in Q3 2021.
Sands Macao
Sands Macao consists of 289 suites with spa facilities, restaurants, and entertainment areas. It is the first Las Vegas-style casino operated in Macao.
The revenue remained the same for Q3 2020 and Q3 2021. But there has been a decline in revenue from $42 million in Q2 2021 to $12 million in Q3 2021, falling by 71.43% quarterly. It contributes 3% to the total revenue.
The Londoner Macao
Londoner Macao Hotel opened in January 2021 consisting of 594 suites, including 14 suited by David Beckham and the theme of these suites are based in London.
The revenue declined from $189 million in Q2 2021 to $22 million in Q3 2021 roughly by 88.36% on a quarter-on-quarter basis. The revenue share stood at 5% in Q3 2021.
The Parisian Macao
Parisian Macao consists of 2700 hotel rooms along with 170 shops such as Adidas, Calvin Klein, and Breitling. The resort also contains a 1200 seat theatre along with 150 gaming tables.
The revenue remained the same for Q3 2020 and Q3 2021. But there has been a decline by 60.4% in revenue quarterly, from $101 million to $40 million. The revenue share stood 9.17% in Q3 2021.
The Plaza Macao and four Seasons Hotel Macao
The Plaza Macao and Four Seasons Hotel Macao consists of 127,000 square feet of gaming area that has 140 table games and 20 slot machines- along with 130 stores which include stores of international brands and 24 restaurants.
The revenue remained the same for Q3 2020 and Q3 2021. But there has been a decline in revenue from $125 million in Q2 2021 to $25 million in Q3 2021, falling by 80% quarterly. The revenue share stood at 5% in Q3 2021.
Venetian Macau
Venetian Macau is a 35-story structure consisting of 3000 suites, 3400 slot machines, 800 gambling tables, and 15000 seats for entertainment and sports event.
The revenue remained the same for Q3 2020 and Q3 2021. But there has been a significant decline in revenue from $391 million in Q2 2021 to $68 million in Q3 2021, falling by 82.6% on a quarter-on-quarter basis. It contributes 15% to the company’s total revenue.
Ferry Operations and Other
The company conducts Ferry operations in the properties of Macau and Hong Kong.
Revenue from this segment remained the same as compared to Q3 2020 but there has been a decrease of 42.857% quarterly as compared to $7 million in Q2 2021. The revenue share stood at 0.86% in Q3 2021.
Las Vegas Sands Corporation is an American casino and resort company founded in 1988 in Paradise, United States, and is a part of Fortune 500. It is a publicly-traded company and is included in S&P 500 component. The resort consists of gambling, exhibition facilities, restaurants, clubs, entertainment, and an art museum. The company operates several resorts in the US and Asia and is the world’s largest casino company.
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