Las Vegas Sands reiterated its target of reaching $700 million in quarterly EBITDA in Macau over time, even as second-quarter 2026 EBITDA for its Macau operations came in at $430 million, negatively impacted by an exceptionally low VIP rolling hold of 1.35%. Chairman, CEO, President and Treasurer Patrick Dumont said the quarter does not represent the true earnings power of the properties, citing the hold and a World Cup-related dip in high-value patron visitation. At Marina Bay Sands in Singapore, EBITDA was $689 million for the quarter, with mass gaming revenues up 5% compared to the second quarter of 2025, and the expansion project remains on track to open early in 2031, subject to government approvals. The company repurchased $787 million of LVS stock during the quarter, paid a recurring quarterly dividend of $0.30 per share, and saw its Board of Directors increase the repurchase authorization to $6 billion. A multi-year renovation of all 2,900 rooms and suites at The Venetian Macao is underway, with completion targeted by Chinese New Year 2028, and operating expense growth is expected to level off in the second half of 2026.
Las Vegas Sands CorpCompany reiterated $700M quarterly EBITDA target in Macau, strong Singapore EBITDA, $787M buyback, increased repurchase authorization to $6B, and dividend.