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The Sands China bullish on Macau future despite the ongoing Covid disruption

Sands China, Las Vegas Sands’ Macau-based integrated resorts subsidiary, saw revenue plummet 81.0% year-on-year in the six months to 30 June, with visitor numbers plummeting due to travel restrictions to the Chinese special autonomous region.

However, the operator said it remained committed to Macau, and predicted that the island’s tourism industry would eventually recover from the effects of novel coronavirus (Covid-19).

Revenue for the half year fell to $848m (£646.2m/€716.6m), compared to $4.47bn in H1 2019.

The business’ five properties – the Venetian Macao, Sands Cotai Central, Parisian Macao, Plaza Macao, and Sands Macao – were shuttered from 5 February as a result of the pandemic. Four opened from 20 February, with Sands Cotai Central following a week later.

All properties remain subject to safeguards, such as limited number of seats per gaming table and increased spacing between slots machines. This resulted in casino revenue plummeting 82.6% to $625m.

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