Marina Bay Sands recorded “the greatest quarter in the history of casino hotels”, says LVS CEO | AGB
Summary
Rob Goldstein and Las Vegas Sands reported an exceptional 4Q25 driven by Marina Bay Sands (MBS) in Singapore. Group revenue for the quarter reached $3.65 billion, with MBS’s adjusted property EBITDA jumping over 50% to a record $806 million — described by the group’s chairman as “the greatest quarter in the history of casino hotels”. VIP play was a major contributor in both Singapore and Macau, while Macau’s base mass remains below previous peaks. Macau operators have also moderated salary rises to around 2% as the post‑pandemic recovery stabilises.
Key Points
- MBS powered LVS to $3.65bn in revenue for 4Q25 and record adjusted property EBITDA of $806m at the Singapore property.
- The Chairman called MBS’s performance “the greatest quarter in the history of casino hotels”.
- VIP play heavily supported results in both Singapore and Macau.
- Macau’s base mass has not returned to past highs, limiting broader recovery despite VIP strength.
- Salary increases in Macau’s gaming sector have eased to about 2% as the economy stabilises post‑pandemic.
Context and Relevance
These figures underscore Singapore’s dominant role in LVS’s portfolio and signal that high‑value VIP demand remains a key earnings driver in Asian gaming markets. For investors and industry executives, the results suggest strong revenue concentration in premium segments and highlight the fragility of mass‑market recovery — a factor that will shape strategy, staffing and regulatory engagement across the region.
Why should I read this?
Short and sharp: big numbers, big bragging rights. If you follow Asian integrated resorts, investment flows or market recovery trends, this story tells you where the money was last quarter and why operators are still leaning on VIPs. Saves you time — the headline does the heavy lifting.
Author
Punchy: AGBrief’s editorial distils LVS’s standout quarter into what matters — record Singapore performance, VIP reliance and the ongoing question of Macau’s mass market. Read the detail if you want the figures behind the headlines.
Source
Source: https://agbrief.com/news/29/01/2026/marina-bay-sands-saw-greatest-quarter-in-history/