Casino gross gambling revenue (GGR) for the Macau operations fell 66.2% in year-on-year terms, to about US$636 million.
Negative EBITDA for the Sands China during February and March due to weak sector GGR, which is expected to continue given sector GGR continued to sequentially weaken. In the near-term, is expected the company to remain loss-making with US$3.5 million/day cost run-rate.
Rolling chip volume at the Venetian Macao was down by 69.7 percent year-on-year in the first quarter. Such roll was US$2.27 billion, compared to just above US$7.50 billion a year earlier. Non-rolling chip drop fell 63.9 percent year-on-year, to US$817 million.
Other properties such as the Parisian Macao, Plaza Macao and Four Seasons Hotel Macao, and Sands Macao also reported declines of more than 50 percent in rolling chip volume in the opening quarter of 2020.
No Copyright infringement intended. Video/Photo Unknown Direct for credits/issue or text us +57 3606412 ... | Respect to Photographers & Influencers
