Marina Bay Sands in Singapore announced profits exceeding S$1bn (US$806m) for Q4 2025 for its parent company, Las Vegas Sands Corporation (LVS). During the Q4 2025 earnings call, LVS CEO Rob Goldstein praised Marina Bay Sands’ performance as “the greatest quarter in the history of casino hotels.”
Rolling volume for VIP/high-roller chip play at Marina Bay for Q4 2025 reached US$13.4bn, increasing by 66% annually, while mass-market play, including non-rolling table and slots wins, achieved US$951m, setting a new property record.
Goldstein noted the property attracted more visitors with “lots of money to gamble, lots of appetite.” Sands’ Bayfront Avenue casino also earned US$152m in revenue from its accommodation segment, a 22% increase over 2024.
LVS President and COO Patrick Dumont remarked that Marina Bay Sands’ record-breaking Q4 2025 highlighted “high-quality investment in market-leading products, world-class service, and the growth in high-value tourism.”
Goldstein expressed his admiration for Marina Bay’s success, stating: “There has never been a building, to my knowledge, that delivered these types of results.” He further suggested limitless potential for LVS’s flagship, asking, “How much further can we go in the next two years?”
Meanwhile, Macau generated US$608m in EBITDA, aiding LVS subsidiary Sands China Limited’s total net revenues to rise by 16.4% annually to US$2.05bn. The Venetian Las Vegas, part of Sands China, reported LVS’ top gaming revenue figures for Las Vegas at US$584m, an increase of US$50m YoY, although adjusted property EBITDA for the Venetian decreased by US$7m YoY.
In 2020, under Sheldon Adelson’s leadership, LVS decided to sell its Las Vegas assets to focus on expanding in Asia. In a 2020 earnings call, LVS reported an 82% drop in net revenue from US$3.3bn to US$586m year-on-year for Q3. LVS’s assets in Singapore and Macau outperformed their Vegas counterparts in revenue for Q3.
Following the 2020 call, LVS considered selling its Las Vegas casinos for US$6bn to concentrate on Asia, with CEO Adelson emphasizing Macau’s potential as a top business and leisure tourism destination.
- SCCG Management. The Gambling Industry’s Global Connector. Access Here.
- Source: SCCGManagement.com