UBS Group released a research report stating that Sands China (01928.HK) second-quarter property EBITDA was $0.561 billion, while adjusted VIP win rate EBITDA was about $0.565 billion, falling short of the market forecast of $0.583 billion. Overall, the mid-field gambling revenue fell by about 3% quarterly, reaching a level of about 99% of the same period in 2019.

The bank stated that the group's pedestrian flow recorded an improvement in July, and the renovation of Macao Londoner will continue in the third quarter. It is expected that the project will be completed by the end of this year, and the first building of the second phase of the new Londoner will be completed by the end of this year. The new casino will be completed in December, and the second building will be completed in May next year. After the entire project is completed, the total number of rooms in the second phase of the Londoner will reach 2,405, including 1,500 suites.