Sands China's shareholder LVS reports softened growth in Macao

Sands China (HKEX: 1928) reports that its controlling shareholder, Las Vegas Sands Corp. (LVS), has announced its financial results for the first fiscal quarter ended March 31, 2025. The LVS quarterly report, filed with the SEC, shows total net revenues for Sands China decreased by 5.7% to US$1.70 billion compared to the same period in 2024, with net income at US$202 million, down from US$297 million. Adjusted property EBITDA also saw a decline, falling to US$535 million from US$610 million.