Marina Bay Sands' VIP gaming yields finally rebound

Its rolling chip volume grew 32% after a 5-quarter drop.

Lady Luck was smiling on Marina Bay Sands in the past quarter as its VIP segment struck a rebound, with rolling chip volume (RCV) recording a 32% growth after the downtrend in the past five quarters.

According to UOB Kay Hian flash report, Marina Bay Sands’ (MBS) core adjusted earnings before interest, tax, depreciation and amortization (EBITDA) rose 37.8% yoy to US$492m, thanks to luck factor and recovery in VIP gaming volume.

Meanwhile, its mass market has yet to see its lucky card as gross gaming revenues (GGR) grew by only around 1%.

"On a yoy basis, non-rolling volume stayed flat with mass table GGR easing close to 1%, but this was offset by improved slot volume and slot GGR (+7% and +3% respectively). MBS’ mass market segment GGR’s yoy growth hovered in the range of +/-1% in 4Q16-2Q17," UOB Kay Hian said.

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