Marina Bay Sands posts best quarter in casino hotel history
Summary
Marina Bay Sands in Singapore reported a record USD806 million in adjusted property EBITDA for the fourth quarter of 2025, representing a 50.3% margin. This performance was driven by strong mass gaming revenue and exceeded typical seasonal trends. According to Las Vegas Sands chairman and CEO Robert Goldstein, this quarter was “simply the greatest quarter in the history of casino hotels.” Mass gaming and slot wins reached $951 million, a significant increase of 118% from Q4 2019 and 27% from Q4 2024. For the full year 2025, MBS generated $2.92 billion in adjusted property EBITDA, a 42.4% increase from 2024. LVS is currently constructing an $8 billion expansion, IR2, expected to open in January 2031.
(Source:Macau Daily Times)