Las Vegas Sands reported second-quarter 2025 revenue of $3.18bn, according to a media report, with net income of $461m, up 30.6%. Marina Bay Sands generated about $1.4bn in revenue, a 40% year-on-year increase, while the company’s Macau properties recorded $1.8bn, up 2.5%.
Las Vegas Sands reported growth in revenue and net income across its Singapore and Macau casino markets.
Quarter ended 30 September 2026
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Marina Bay Sands plans to begin renewing its casino resort lobby in early January 2027, with work expected to take about 18 months, chief operating officer Paul Town said. The property is also receiving enquiries from concert and event promoters about its under-construction 15,000-seat arena, whose opening is targeted for early 2031.
Marina Bay Sands plans to begin renewing its Singapore lobby in early January 2027, with completion expected to take about 18 months, chief operating officer Paul Town told the Business Times. The target for completing the lobby work is mid-2028. The work will proceed one tower at a time and is covered by a separate US$1.75-billion refurbishment budget.
Sands China has begun offering new baccarat side bets at The Venetian Macao, The Londoner Macao, The Parisian Macao and Sands Macao, with the company’s chief executive saying take-up in Macau is rising. Macau’s DICJ approved three options last month: “Monkey no Monkey”, “Pairs+” and “4/5/6 Cards”; the last is planned for a later rollout.
MGM Resorts International executives said their Osaka casino resort, now under construction in Japan, could become a major competitor to Marina Bay Sands in Singapore. CFO Jonathan Halkyard said it could be the largest and most successful integrated resort globally since Marina Bay Sands; CEO Bill Hornbuckle said the project could generate cash flow of up to $2 billion.
Analysts maintained Buy ratings on Las Vegas Sands after its first-quarter Macau results fell below expectations, while praising Marina Bay Sands’ performance in Singapore. CBRE’s John DeCree cited $605 million in Singapore EBITDA against a $530 million consensus estimate; Las Vegas Sands reported $535 million in Macau EBITDA, below a $608 million consensus. DeCree retained a $45 price target.
Singapore's Gambling Regulatory Authority (GRA) renewed Marina Bay Sands' casino licence for three years from 26 April 2025. The regulator said it assessed the casino business against requirements in the Casino Control Act before renewing the licence.