Parisian’s opening delivers instant returns for Sands China
Family friendly resort also becomes must-see photo-taking hot spots for many visitors to Macau
Sands China, the Macau casino operater controlled by Las Vegas mogul Sheldon Adelson, has posted better-than-expected third quarter results, as its newly opened resort “The Parisian” casino and its signature Eiffel Tower replica became the darling of tourists and recreational gamblers alike.
Adjusted earnings before interest, taxes, depreciation and amortisation, a key gauge on profitability, jumped 15.2 per cent to US$628.4 million from a year earlier, while total net revenue jumped 3.9 per cent to US$1.71 billion for the three month ended September 30.
The figures sparked a number of ratings upgrades by research houses.
Parisian Macau is the company’s fifth property in Macau and the fourth on the popular Cotai Peninsula area.
There was considerable hype leading up the opening of the family friendly resort, which welcomed the first visitors in early September to its entertainment facilities, all of which are designed to be reminiscent of the French capital’s streets.