Vintage year
Marina Bay Sands in Singapore has reported profits in excess of S$1bn (US$806m) for the fourth quarter of 2025 for its parent firm, Las Vegas Sands Corporation (LVS).
In a Q4 2025 earnings call on Tuesday, LVS CEO Rob Goldstein hailed Marina Bay Sands’ performance as “simply the greatest quarter in the history of casino hotels.”
Rolling volume for VIP/high-roller chip play at Marina Bay for Q425 amounted to US$13.4bn up by 66% yearly, while regular mass-market play under non-rolling table and slots wins reached US$951m, “a new property record.”
lots of money to gamble, lots of appetite.”
Goldstein stated in the call that the property was attracting more visitors with “lots of money to gamble, lots of appetite.”
Sands’ Bayfront Avenue casino also recorded US$152m in revenue for its accommodation segment, up 22% Year-on-Year over 2024.
No limit
Also in the earnings call, LVS President and COO Patrick Dumont stated Marina Bay Sands’ record-breaking Q425 reflected “the impact of high-quality investment in market-leading products, world-class service, and the growth in high-value tourism.”
Goldstein’s appreciation of Marina Bay’s performance was clear when he told investors: “There has never been a building, to my knowledge, that delivered these types of results.”
how much further can we go?”
The CEO then essentially said the sky was the limit for the LVS flagship, stating: “The question is: how much further can we go in the next two years?”
Macau meanwhile generared US$608m in EBITDA to help LVS subsidiary Sands China Limited’s total net revenues rise by 16.4% yearly to US$2.05bn, according to reports. The Venetian Las Vegas falls under Sands China and it posted LVS’ top gaming revenue figures for Sin City at US$584m, up by US$50m YoY.
Despite this, adjusted property EBITDA for the Venetian was down by US$7m YoY.
Reaping the rewards
LVS in 2020 was still led by casino legend Sheldon Adelson, who presided over a pivotal strategic decision to sell its Las Vegas assets and invest in the East instead.
In a 2020 earnings call, LVS reported an 82% net revenue drop from US$3.3bn to US$586 year-on-year for Q3. At that time, LVS’s growing assets in Singapore and Macau each made more Q3 revenue than their Vegas counterparts.
Straight after that 2020 call news emerged that LVS was looking to sell its Las Vegas casinos for US$6bn in order to focus on Asia, with CEO Adelson highlighting Macau’s potential to become “one of the greatest business and leisure tourism destinations in the world.”
