Sands chief executive Rob Goldstein said he could not be confident that the business’ Macau operations would be profitable in Q4, despite a significant easing of visa restrictions.
Goldstein was speaking after Sands announced its Q3 financial results.
Revenue in Macau remained well below pre-pandemic levels, at $258m, meaning the business’ earnings before interest, tax, depreciation and amortisation (EBITDA) from the special administrative region was negative, by $152m.
This…