April 25, 2018 8:54 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 2017.

Venetian Macau Limited Key Developments

The Venetian Macao Announces Earnings Results for the Fourth Quarter Ended December 31, 2017

The Venetian Macao announced earnings results for the fourth quarter ended December 31, 2017. For the quarter the company reported net revenues were $844 million compared to $707 million a year ago. Adjusted property EBITDA was $324 million compared to $262 million a year ago.

Venetian Macau Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017

Venetian Macau reported unaudited earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported net revenue of $718 million against $773 million a year ago. Adjusted Property EBITDA was $263 million against $315 million a year ago. For the nine months, the company reported net revenue of $2,146 million against $2,188 million a year ago. Adjusted Property EBITDA was $808 million against $827 million a year ago.

The Venetian Macao Announces Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2017

The Venetian Macao announced earnings and operating results for the second quarter and six months ended June 30, 2017. For the period, the company reported net revenues of $687 million compared to $666 million a year ago. Adjusted property EBITDA was $256 million compared to $244 million a year ago. For the six months, the company reported net revenue of $1,428 million compared to $1,415 million a year ago. Adjusted property EBITDA was $545 million compared to $512 million a year ago. For the quarter, the company's occupancy was 93.3% against 81% a year ago. Average Daily Room Rate (ADR) was $209 against $212 a year ago. Revenue per Available Room (RevPAR) was $195 against $172 a year ago. For the six months, the company's occupancy was 89.6% against 79.3% a year ago. Average Daily Room Rate (ADR) was $209 against $219 a year ago. Revenue per Available Room (RevPAR) was $187 against $174 a year ago.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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