Sands Resorts Macao and art collective teamLab will launch a monumental digital-only museum at The Venetian Macao in January 2020.
The as-yet-untitled permanent museum will be housed in The Venetian Macao’s Cotai Expo Hall F, boasting 5,000 square meters of floor space. With eight meter-high ceilings throughout, space will be transformed by teamLab into an extremely complex, three-dimensional world with varying elevations, featuring constantly changing, immersive artworks. Currently, under construction, the museum will unveil new pieces.
What teamLab calls a “body immersive” museum, the new destination at The Venetian Macao will be a world of artworks that blur the boundaries between the human body and art, challenging the conventional notion of the ‘physical’. Visitors will immerse themselves in the art with others, allowing them to explore new, continuous relationships that transcend the boundaries between themselves and the world.
Sands particularly hit by travel restrictions in Macau, Singapore in Q1 At Sands Macao, revenues were down 49.3% year over year during Q1. United States | 04/23/2021 Net revenues from Las Vegas operations dropped 61% YoY in the first quarter, while Sands China s total net revenues decreased 4.6%. The company is selling its Vegas properties and anticipates the transaction to close in the Q4. L
as Vegas Sands Corp. on Wednesday reported financial results for the first quarter of the year, when it saw
net revenue fall 15% to $1.20 billion compared to the same period of 2020.
Operating loss was $96 million, compared to operating income of $6 million in the prior-year quarter. Net loss from continuing operations in the first quarter of 2021 was $280 million, up from $92 million.
Las Vegas Sands Reports First Quarter 2021 Results
For the quarter ended March 31, 2021
(Compared to the quarter ended March 31, 2020)
- Generating Positive Adjusted Property EBITDA in Macao and Singapore
- Pandemic-Related Travel Restrictions and Reduced Visitation Continue to Impact Financial Results
- Safety and Security of Team Members and Guests and Support for Local Communities in Macao, Singapore and Las Vegas Remain Central to our Efforts
- Investment and Capital Expenditure Programs that Expand and Enhance our Integrated Resort Offerings in Macao and Singapore Provide Ideal Platform for Growth
- Balance Sheet Strength Enables the Company to Pursue Promising Development Opportunities in New Markets