{"id":52644,"date":"2023-02-20T08:09:58","date_gmt":"2023-02-20T08:09:58","guid":{"rendered":"https:\/\/gaming-awards.com\/NEWS\/?p=52644"},"modified":"2023-02-20T08:09:58","modified_gmt":"2023-02-20T08:09:58","slug":"sands-china-reports-1-58-billion-loss-for-2022","status":"publish","type":"post","link":"https:\/\/gaming-awards.com\/NEWS\/sands-china-reports-1-58-billion-loss-for-2022\/","title":{"rendered":"Sands China Reports $1.58 Billion Loss for 2022"},"content":{"rendered":"<p style=\"text-align: left;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-24191\" src=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2014\/01\/sands-china-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2014\/01\/sands-china-300x200.jpg 300w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2014\/01\/sands-china-250x166.jpg 250w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2014\/01\/sands-china-405x270.jpg 405w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2014\/01\/sands-china-60x40.jpg 60w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2014\/01\/sands-china.jpg 612w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>The full yearly results for Sands China showed a $1.58 billion loss for 2022 with casino revenues dropping by 52.3% for the year to $947 million, showing a bigger loss than the entire revenue recorded.<\/p>\n<p style=\"text-align: left;\">Indeed there was not much joy for the parent company either Las Vegas Sands which showed an operating loss in Q4 of $166 million, this is despite showing an increase in revenues of 10% to $1.11 billion.<\/p>\n<p style=\"text-align: left;\">Net revenues for Sands China reflected the ongoing restrictions over the year due to COVID but the companies group CEO said that Sands was optimistic in Macau and believed it would be able to turn fortunes around. \u00a0Sands said that it already had invested $15 billion in Macau and recently was awarded a continuation for another 10 years.<\/p>\n<p style=\"text-align: left;\">Rob Goldstein the CEO said: \u201cwe believe the Macau market will recover and will benefit in the future from the meaningful infrastructure investments being made in Macau and throughout the Greater Bay Area\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The full yearly results for Sands China showed a $1.58 billion loss for 2022 with casino revenues dropping by 52.3% for the year to $947 million, showing a bigger loss than the entire revenue recorded. Indeed there was not much joy for the parent company either Las Vegas Sands which showed an operating loss in [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":27830,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,11,8,7],"tags":[],"class_list":["post-52644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gaming","category-headlines","category-latest","category-macau"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sands China Reports $1.58 Billion Loss for 2022 - iGaming Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gaming-awards.com\/NEWS\/sands-china-reports-1-58-billion-loss-for-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sands China Reports $1.58 Billion Loss for 2022 - iGaming Post\" \/>\n<meta property=\"og:description\" content=\"The full yearly results for Sands China showed a $1.58 billion loss for 2022 with casino revenues dropping by 52.3% for the year to $947 million, showing a bigger loss than the entire revenue recorded. 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