Net revenue rose 28% year-on-year to US$1.49 billion and its adjusted property Ebitda – a measure of earnings before interest, tax and non-cash items – surged by nearly a third to US$788 million for the quarter ended March, according to a statement by parent company Las Vegas Sands Corp.

The casino segment led the gains, particularly at the high end. Rolling chip volume, a proxy for VIP play, more than doubled to nearly US$18 billion, while revenue from that segment rose 115% to about US$639 million. Mass-market play also picked up, although its share of those bets edged lower.

The results highlight a clear acceleration from a year earlier, reinforcing the Singapore resort’s role as the group’s largest contributor to earnings. They also point to resilient demand from high-spending travellers in the city-state, even as global tourism remains uneven.

Beyond gaming, Marina Bay Sands’ hotel occupancy was broadly unchanged even as rates climbed to more than US$1,000 a night on average from US$925 a year earlier. Revenue from retail, dining and conventions also increased.

Parent Las Vegas Sands reported a 25% rise in overall revenue to US$3.59 billion, while net income jumped by more than half to US$641 million.