Marina Bay Sands in Singapore sinks to US$113 million loss in Q2

MBS's $4.5 billion expansion includes a fourth hotel tower, an entertainment arena and additional events space.ST PHOTO: GIN TAY

SINGAPORE, July 23 (The Straits Times/ANN) - Marina Bay Sands (MBS) sank deep into the red in the second quarter of this year, racking up a loss of US$113 million (S$156.5 million) after a near-three-month shutdown due to the coronavirus pandemic.

This is compared to the US$346 million (S$479 million) profit it made between April and June last year, MBS's parent company Las Vegas Sands (LVS) reported on Wednesday in the US. Both figures refer to Ebitda or earnings before interest, tax, depreciation and amortisation.