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Macau casino operator Sands China has reported net revenue of US$9 million in April, a net loss of $180 million.
Under the current conditions, Sands China is exposed to monthly operating costs of around $110 million each month, in addition to development and maintenance capital expenditures of approximately $65 million and interest expenses of $25 million.
Sands China said it has taken various mitigating measures to get through the current environment, including a cost reduction programme to minimise cash outflow of non-essential items, as well as not recommending payment of a final dividend for 2019.
The company said it has around $2.4 billion in liquidity in place to keep its operations running for 12 months in the current operating environment.
“SCL believes it will be able to support its continuing operations, complete the major construction projects that are underway, and respond to the current COVID-19 Pandemic challenges,” Sands China said.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Sands China Reports Net Revenue of USM in April
