Nonetheless, the company's Singaporean operations were fruitful, with Marina Bay Sands seeing a doubling of income from the previous year.

This is the first set of financials released by Las Vegas Sands following the $6.25 billion sale of its US business.

The CEO of Las Vegas Sands, Robert Goldstein, stated that the outcomes in Singapore contributed positively to the overall revival of the company.

"Although restrictions related to the pandemic did affect our financial results this quarter, we were happy to see that Singapore's recovery picked up speed, with Marina Bay Sands delivering $319m in adjusted property EBITDA," Goldstein stated.

We continue to have faith that our markets' travel and tourism expenditure will recover. Even while travel restrictions caused by the epidemic are still limiting visits and hurting our financial performance, demand for our offerings from clients who have been allowed to visit is still strong.

An overall revenue decline of 56.2% year-on-year was recorded by the company's Macau operations, which encompass The Londoner, The Venetian, The Parisian, and Sands Macao, amounting to $374 million.

This quarter, revenue fell for all operators. The Venetian Macau contributed significantly to the total income of $150 million, which was down 61.6% compared to Q2 2021. Revenue at the Londoner Macau, Plaza Macau, and Four Seasons Macau was $79 million, down 36.8 and 58.2 percent, respectively.

Earnings from the Parisian Macau, Sands Macau, ferry operations, and other sources amounted to the remaining $66 million in Macau.

As the region grapples with the ongoing COVID-19 outbreak, all casinos in Macau are temporarily closed.

On July 23rd, they will reopen to the public.

On the other hand, Marina Bay Sands' revenue was $679 million, which was more than quadruple its Q2 2021 revenue.

The property's casino contributed significantly, with income increasing by 124.2% year-on-year. Not only did convention, retail, and other revenues more than quadruple to $20 million, but food and beverage revenues also quadrupled to $48 million.

There was a loss of $36 million due to intersegment eliminations, and the remaining revenue was $28 million from intercompany royalties.

All three properties incurred capital expenditures totalling $198 million. This included building, developing, and maintaining. A total of $97 million was allocated for capital expenditures, with $67 million going to Macau and $34 million to corporate and other regions.

The Macau business did not generate any profit, with a loss of $110 million in EBITDA. Marina Bay Sands made $319 million.

There was a 10.9% decline in total revenue compared to Q2 2021. The vast majority of that amount, $709 million, came from gambling winnings. On a year-on-year basis, this was down 14.1%. Second highest, at $148 million, was mall revenue, which remained unchanged from the previous year. While food and beverage sales increased by $13 million to $63 million, room sales declined by $11 million. Total revenue from conventions, sales, and other sources surged 64.7% to $28 million.

There was a $147 million deficit due to operational costs.

During the quarter, expenses decreased by 9.1% to $1.19 billion. Despite a 9.6 percent year-on-year reduction, resort operations accounted for $842 million, the largest portion of total expenses. The remaining expenses included corporate, pre-opening, development, and amortisation of leasehold expenditures, with depreciation and amortisation amounting to $256 million.

After deducting $14 million for interest income, $162 million for interest expenditure, and $9 million for other expenses, the loss from continuing operations came to $304 million, an increase of $18 million from Q2 2021.

A net loss of $414 million, up 47.8 percent year over year, was recorded after deducting $110 million in income tax.

Sales for the year are $1.98 billion, down 16% from the first six months of 2021.

So far, operational expenditures amount to $2.43 billion, resulting in a total operating loss of $449 million. Total net loss for the year to far is $892 million, an increase of 59.2 percent year-on-year, after calculating the cumulative income tax of $112 million and the overall loss from continuing operations of $780 million.

Sands China, a subsidiary of Las Vegas Sands, borrowed $1 billion from the parent company last week. The loan is due on July 11, 2028.

According to Las Vegas Sands, the loan will help with "working capital and general corporate purposes of the group."