Las Vegas Sands reported third-quarter 2025 net revenue of $3.33bn, up from $2.68bn a year earlier, with strength in Singapore and Macau. Net income rose to $491m from $353m, while adjusted property EBITDA reached $1.34bn, the company said.
The results show how revenue and earnings changed across Las Vegas Sands’ Singapore and Macau casino markets.
Quarter ended 30 September 2026
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Sands China reported an 8.4% sequential revenue increase in Q3 2026. Las Vegas Sands Corp cited higher gaming volumes across its Macau integrated resorts, while the headline noted market-share gains and softness in high-end play and Londoner hold.
Las Vegas Sands reported first-quarter 2026 revenue of $3.59bn, a 25.3% increase year on year. Net income rose 57.1% to $641m, while adjusted property EBITDA increased 24.6% to $1.42bn. The company said Singapore and Macau both delivered growth.
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 completed a US$1bn private offering of senior unsecured notes on Tuesday, according to filings by parent Las Vegas Sands. The issue comprises US$700m of 6.400% notes due in 2032 and US$300m of 6.700% notes due in 2033. The company said it intends to use proceeds and cash on hand to redeem US$700m of notes due in 2027, repay its revolving facility and fund general corporate purposes, including capital expenditure.
Las Vegas Sands Corp reportedly increased its ownership stake in Sands China above 75.5%, as it continued its Macau investment strategy. The available report text does not specify the size or timing of the increase.