China’s crackdown on corruption has done little to stem the flow of willing punters into Macau’s casinos, judging by the performance of Sands China, which increased quarterly net income by 63 per cent to $453m.
The strong performance in the first three months of the year was driven by the addition of the Sands Cotai Central, which opened in two phases in April and September last year, and by healthy growth at the Venetian Macao(sic).
Sheldon Adelson, chairman, said the group attracted a record 14m visitors to its Cotai Strip properties, the biggest reclaimed land region of Macau, in the quarter. He added that the new Parisian Macao casino could be open earlier than expected in late 2015.
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