Sands China Ltd has delivered a powerhouse financial performance for the first quarter of 2026, reaching a two-year record in Macau-wide market share at 25.7%.
The division reported net revenue of US$2.11 billion, representing a 23.6% increase over the previous year as its portfolio of high-end resorts continues to dominate the Cotai Strip.
Resort Growth: The Londoner Effect
All five Sands properties in Macau recorded gains, but The Londoner Macao was the undisputed star of the quarter. Following a comprehensive makeover, the resort saw a 42.5% jump in revenue, generating $754 million. The Venetian Macao remained a massive contributor with $710 million in revenue, while the Plaza Macao saw its earnings jump by nearly 40% to reach $290 million.
LVS noted that the quarter was further bolstered by US$15 million in “high-hold” rolling play, underscoring the operator’s ability to capture high-value wagering volumes across its mass and premium segments.
Marina Bay Sands and Global Execution
In Singapore, Marina Bay Sands continued to be a primary driver for the parent group, Las Vegas Sands Corp, generating US$1.49 billion in revenue with a 53% EBITDA margin. While slightly below the historic peak seen in December 2025, the property recorded a 115% year-on-year increase in rolling win.
LVS Chairman and CEO Patrick Dumont expressed a confident vision for the rest of 2026:
“The company continued to execute its strategic objectives during the quarter. The group delivered growth in both Singapore and Macau while also continuing to increase the return of capital to shareholders. [I remain] optimistic about the role that the company’s staff, product, and service offering will have in driving future growth and success.”
With group-wide net income surging 57.1%, Sands enters the second quarter of 2026 with an unparalleled competitive advantage in the Asian integrated resort market.
