The results mark the end of half a year of year-over-year declines, with Sands China’s profits falling by 13% and 32% in the first and second quarters, respectively.
This follows the operator concluding 2024 with profits of $1.05 billion (€905.7 million), a 50.9% increase.
The profit increase was due to revenue from the company’s five casinos in Macau, which rose 7.5% between July and September, reaching $1.9 billion (€1.64 billion).
Macau is the world’s gaming capital and the only place in China where casino gaming is legal.
With revenues rising, Sands China reported operating profits of $601 million (€518.3 million) in the third quarter of 2025, a 2.7% annual increase.
Robert Goldstein, the president of Sands China’s parent company, American Las Vegas Sands (LVS), recalled that the operator made a “decade-long commitment to make investments that enhance Macau’s appeal for business and leisure tourism and support its development as a global tourism center.”
“We remain excited about our opportunities to achieve industry-leading growth in Macau and Singapore in the coming years,” Goldstein noted, as cited in a statement from Sands China.
The company is one of six casino concessionaires operating in the territory, with a 10-year concession contract effective January 1, 2023.
At that time, the six operators committed to investing “more than 100 billion patacas” (€10.8 billion) in non-gaming elements. Sands announced “an iconic winter garden” spanning 50,000 square meters.
Sands China made total investments of $229 million (€197.5 million) between July and September, including $99 million (€85.4 million) in Macau.
During an investor conference call, LVS’s CEO stated that the two pre-season games of the North American Basketball League (NBA) held in Macau were a “great success.”
“[We are] very happy with the results. I think the marketing value created for us was also very strong,” added Patrick Dumont, as quoted by the press.
Patrick Dumont also owns the Dallas Mavericks, another NBA team.
The two games, on October 10 and 12, brought the Brooklyn Nets and the Phoenix Suns to Macau, filling the Sands China-owned Venetian Arena, which has a capacity of 14,000 people.
These were the first NBA games in China after a six-year hiatus.
