December 04, 2016 2:06 AM 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

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.

Venetian Macau Limited Announces The Opening of the Parisian Macao

The board of directors of the Company announced that on September 2, 2016, Venetian Macau Limited, a subsidiary of the company, received approval from The Gaming Inspection and Coordination Bureau of Macau (the DICJ) to commence operations at The Parisian Macao on September 13, 2016. The DICJ has authorized 150 new table games for operation at The Parisian Macao. Of those, 100 new table games have been authorized for operation on September 13, 2016, 25 new table games have been authorized for operation on January 1, 2017 and 25 new table games have been authorized for operation on January 1, 2018. The DICJ also approved 1,614 slot machines for operation at The Parisian Macao.

The Venetian Macao Announces Earnings Results for the Second Quarter Ended June 30, 2016

The Venetian Macao announced earnings results for the second quarter ended June 30, 2016. For the quarter, net revenues were $666.1 million against $739.5 million a year ago. Adjusted property EBITDA was $244.4 million against $255.0 million a year ago.

Similar Private Companies By Industry

Company Name Region
Chong Gold International Limited Asia
Espantosa Hotel Asia
Fu Hua Guangdong Hotel (Macau) Asia
Grand Emperor Hotel Asia
Grand Waldo Entertainment Limited Asia

Recent Private Companies Transactions

Type
Date
Target
Bankruptcy
July 8, 2016
Leap Forward Gaming, Inc.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Bloomberg L.P. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Venetian Macau Limited, please visit --. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.