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February 11, 2016 11:23 PM ET

Hotels, Restaurants and Leisure

Company Overview of Venetian Macau Limited

Company Overview

Venetian Macau Limited develops and operates casino hotel resort properties in Macao. Its properties feature gaming area, which includes table games and electronic gaming devices. The company was formerly known as Venetian Macau Management Limited. The company is based in Macau, Macau. Venetian Macau Limited operates as a subsidiary of Las Vegas Sands Corp.

Zhu Kuan Building

Block I-K

11th Floor

Macau,  

Macau

Phone:

853 883 311

Fax:

853 883 322

Key Executives for Venetian Macau Limited

President and the Chief Executive Officer
Age: 52
Managing Director
General Counsel and Director
Compensation as of Fiscal Year 2015.

Venetian Macau Limited Key Developments

Venetian Macao Announces Unaudited Earnings Results for the Fourth Quarter Ended December 31, 2015

Venetian Macao announced unaudited earnings results for the fourth quarter ended December 31, 2015. For the quarter, the company reported net revenues of $760.7 million compared to $880.3 million a year ago. Adjusted property EBITDA was $297.3 million compared to $321.4 million a year ago. Operating income was $252.8 million compared to $278.2 million a year ago.

Venetian Macao Announces Unaudited Earnings Results for the Third Quarter Ended September 30, 2015

Venetian Macao announced unaudited earnings results for the third quarter ended September 30, 2015. For the quarter, the company reported total revenues of $697.9 million compared to $939.8 million a year ago. Adjusted EBITDA was $257.1 million compared to $353.2 million a year ago. Operating profit was $217 million compared to $312.9 million a year ago.

The Venetian Macao Reports Earnings and Operating Results for the First Quarter Ended March 31, 2015

The Venetian Macao reported earnings and operating results for the first quarter ended March 31, 2015. The property generated adjusted property EBITDA of $269.9 million with an EBITDA margin of 34.3%.  Net revenue was $787.2 million against $1,184.6 million a year ago. Operating income was $220,030,000. Rolling Chip volume during the quarter decreased 44.4% to $8.52 billion.  Rolling Chip win percentage was 2.83% in the quarter, below the 3.49% experienced in the prior-year quarter. Slot handle decreased 26.8% compared to the first quarter of 2014 to $1.06 billion.  Mall revenues increased 15.9% during the quarter to reach $44.4 million. Revenue per available room was $232 million against $252 million a year ago.

Similar Private Companies By Industry

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