May 23, 2017 9:45 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. Venetian Macau Limited was formerly known as Venetian Macau Management Limited. The company is based in 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

Managing Director
Compensation as of Fiscal Year 2016.

Venetian Macau Limited Key Developments

Venetian Macau Limited Announces Earnings Results for the First Quarter Ended March 31, 2017

Venetian Macau Limited announced earnings results for the first quarter ended March 31, 2017. The company revenue of USD 741 million compared to USD 749 million a year ago. Adjusted Property was EBITDA USD 289 million compared to USD 268 million a year ago.

The Venetian Macao Announces Earnings and Operating Results for the Fourth Quarter and Full Year December 31, 2016

The Venetian Macao announced earnings and operating results for the fourth quarter and full year December 31, 2016. For the quarter, the company reported net revenue of $707 million compared to $761 million a year ago. Adjusted Property EBITDA was $262 million compared to $298 million a year ago. For the full year, the company reported net revenue of $2,895 million compared to $2,987 million a year ago. Adjusted Property EBITDA was $1,089 million compared to $1,079 million a year ago. For the quarter, the company's occupancy was 94.2% against 83.5% a year ago. Average Daily Rate (ADR) was $211 against $223 a year ago. Revenue per Available Room (RevPAR) was $199 against $186 a year ago. For the full year, the company's occupancy was 86% against 84% a year ago. Average Daily Room Rate (ADR) was $214 against $243 a year ago. Revenue per Available Room (RevPAR) was $184 against $204 a year ago.

The Venetian Macao Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended Sept. 30, 2016; Announces Unaudited Consolidated Operating Results for Third Quarter Ended Sept. 30, 2016

The Venetian Macao announced unaudited consolidated earnings results for third quarter and nine months ended Sept. 30, 2016. For the quarter, the company reported net revenues of $771,087,000, operating profit of $273.2 million, adjusted ebitda of $315,449,000 compared to the net revenues of $697,949,000, operating profit of $217 million, adjusted ebitda of $257,106,000 for the same quarter a year ago. For the year to date, the company reported net revenues of $2,182,935,000, adjusted ebitda of $829,024,000 compared to the net revenues of $2,219,814,000, adjusted ebitda of $783,583,000 for the same period a year ago. For the quarter, the company's occupancy was 93.2% against 84.5% a year ago. Average Daily Rate (ADR) was $209 against $239 a year ago. Revenue per Available Room (RevPAR) was $195 against $202 a year ago.

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