Las Vegas Sands’ main Macau operations are ailing as China doubles down on zero-Covid. Yet Sands’ New York shares rose nearly 6% on Thursday after results revealed it is having better luck in Singapore. The Lion City now accounts for three quarters of Sands’ top line, up from 22% in 2019. The Marina Bay resort’s adjusted EBITDA of $343 million in the three months to September was the highest since the onset of the pandemic. By contrast, in Macau, formerly the world’s largest gaming hub, Sands suffered a loss of $152 million, as gaming revenue sunk to around 10% of 2019 levels. Rival Genting is also on track to deliver quarterly EBITDA of around 78% of its pre-pandemic levels, thanks to its Sentosa property, according to Citi. Singapore’s resurgence is surprising, given volume...
Read MoreTag: Sentosa
Singapore’s first augmented reality perfume-making experience launches its first retail space at Siloso Beach Walk ● Organised by Scentopia, the new retail space marries personalised perfume-making workshops with out-of-this-world Augmented Reality technology.● Visitors can take digital personality tests to curate their very own scent – with up to 3.4 trillion unique combinations available.● Scentopia is one of the over 50 commemorative experiences launched in Sentosa’s Golden Jubilee year!● The perfumery is also augmented reality enabled with 300+ free-to-use artwork in the metaverse. Nestled between the quaint rainforest of Sentosa and the sandy Siloso Beach, the charming retail space spans over 3000 sqft. Specialising in local Singaporean floral heritage and cultural scents, ...
Read More
You must be logged in to post a comment.