The Sands China has already reported a year-on-year decline of 32% in profits for the first quarter, following its conclusion of 2024 with profits reaching $1.05 billion (€891.8 million), marking a 50.9% increase.
Conversely, the revenue from the company’s five casinos in Macau saw a 2.5% rise between April and June, totaling $1.8 billion (€1.53 billion).
Macau stands as the global gambling capital and is the only location in China where casino gambling is legal.
With increasing revenue, Sands China recorded operating profits of $566 million (€480.7 million) in the second quarter of 2025, representing a 0.9% year-on-year growth.
Robert Goldstein, the chairman of Sands China’s parent company, the U.S.-based Las Vegas Sands (LVS), set a target of securing operating profits between $600 million and $650 million (€509 million and €552 million) per quarter for the casinos in Macau.
In a statement from Sands China, Goldstein also mentioned during an investor call that the annual target by 2027 is to achieve operating profits between $2.6 billion and $2.7 billion (€2.2 billion and €2.3 billion).
Official data indicate that Macau’s gaming industry achieved total revenues of 61.1 billion patacas (€51.9 billion) between April and June, an 8.3% increase compared to the same period in 2024.
Nonetheless, Goldstein recalled that Sands China has made a “decade-long commitment to investments that will enhance Macau’s business and leisure tourism appeal and support its development as a world tourism center.”
The company is one of the six casino concessionaires operating in the territory, with a ten-year concession contract effective from January 1, 2023.
At that time, the six operators committed to investing “more than 100 billion patacas” (€10.6 billion) in non-gaming elements. Sands announced plans for an “iconic winter garden” spanning 50,000 square meters.
“We remain excited about our opportunities to achieve industry-leading growth in Macau and Singapore in the coming years,” Goldstein noted.
Sands China made total investments worth $286 million (€242.9 million) between April and June, including $138 million (€117.2 million) in Macau.
The majority of funds were directed towards renovating the Londoner Macao integrated hotel-casino complex, in collaboration with former British footballer David Beckham.
The renovation was completed by mid-April, in time for the ‘golden week’ on May 1, a public holiday period on mainland China and a peak tourist season in Macau.
