Workflow
Las Vegas Sands CEO Robert Goldstein talks quarterly results
LVSCLVSC(US:LVS) CNBC Televisionยท2025-07-23 22:34

Singapore Market Performance - Singapore property achieved unprecedented results, with $768 million in revenue, a historic performance [1][2] - The company is investing $8 billion in a new Singapore property, expecting a return on investment [5] - Singapore benefits from a supportive government and booming tourism for the super-luxury customer [5] Macau Market Strategy - Macau's market has become more competitive, requiring a shift in strategy [6] - The company is pivoting to a more competitive approach to fuel more EBITDA and market share in Macau [7] - Macau remains a premier market and is expected to contribute to exceeding pre-COVID EBITDA levels [8] Geopolitical and Economic Factors - A strong China economy is crucial for the company's prosperity in Macau [9][10][11] - Geopolitical concerns and tariff wars negatively impact the company's performance [9][10][11] - Macau is a $30-32 billion market and the primary gambling destination for mainland Chinese and most Asians in the region [10]