The company has incurred approximately $2.3 billion as of March 31, 2025, for the MBS Expansion Project in Singapore. This indicates a continued commitment to growth in the Singapore market.

On April 23, 2025, the Company announced its decision to cease pursuit of a casino license from the state of New York due to concerns regarding a lower anticipated return on investment. This suggests a shift in strategy away from the New York market.

The Board of Directors authorized increasing the share repurchase amount from $1.10 billion to $2.0 billion, and a quarterly dividend of $0.25 per common share was declared. This indicates a commitment to returning value to shareholders.

The Macao government reviewed and confirmed $168 million as qualified spend under the Concession for the year ended December 31, 2023. This indicates successful execution of development projects in Macao.

The company continued work on Phase II of The Londoner Macao, which was substantially completed during the first quarter of 2025. This signifies progress on ongoing development projects.

On January 8, 2025, MBS entered into a second supplemental agreement to the Second Development Agreement with the Singapore government. This demonstrates proactive management in securing future growth opportunities.

The company is engaged in ongoing litigation with Asian American Entertainment Corporation, with the plaintiff seeking approximately $12.04 billion. The outcome of this matter is uncertain, and the company is unable to determine the probability of the outcome or the range of reasonably possible loss.

The company states that its business is sensitive to reductions in discretionary consumer and corporate spending and the willingness of customers to travel. These are ongoing risks that could affect future performance.

The company acknowledges that it is subject to extensive regulations and that certain local gaming laws apply to its gaming activities. Changes in these regulations could adversely affect the company's operations.

The decrease in casino revenue in Macao operations was attributed to decreased Non-Rolling Chip drop and win percentage, indicating potential competitive pressures or changing customer preferences.

The company states that its operations face significant competition, which may increase in the future. This highlights the ongoing need to differentiate and maintain market share.

The company acknowledges that the Macao and Singapore governments could grant additional rights to conduct gaming in the future and increase competition. This highlights the ongoing need to differentiate and maintain market share.

Casino expenses decreased $23 million, primarily due to a $41 million decrease in gaming taxes at Macao operations. This indicates improved operational efficiency through tax management.

General and administrative expenses decreased $13 million, indicating successful cost management initiatives at both Macao and Marina Bay Sands.

Depreciation and amortization increased $42 million, primarily at Marina Bay Sands due to completed renovations. While this reflects investment in assets, it also increases operating expenses.

Development expenses increased to $69 million, primarily due to increased efforts related to digital gaming pursuits. This indicates a strategic investment in technology and innovation.

The company is increasing its focus on digital gaming and development expenses increased to $69 million, primarily due to increased efforts related to digital gaming pursuits.

The company is formatting its quarterly report in Inline Extensible Business Reporting Language (iXBRL), which indicates that the company is adopting new technologies to improve its financial reporting.

The Board of Directors authorized increasing the remaining share repurchase amount from $1.10 billion to $2.0 billion. This indicates management's belief that the company's stock is undervalued.

The company paid a quarterly dividend of $0.25 per common share and expects to continue this level of dividend throughout 2025. This signals a commitment to returning capital to shareholders.

Capital expenditures totaled $379 million, primarily for construction and development activities in Macao and Singapore. This reflects ongoing investment in future growth.

The company states that it could be negatively impacted by environmental, social and governance and sustainability matters. This highlights the importance of ESG initiatives to the company.

The Macao government announced that total visitation from mainland China to Macao increased approximately 14.5%. This indicates a positive trend in the Macao market.

Airlift passenger movement has increased with a total of 12 million passengers having passed through Singapore's Changi Airport, an increase of 7.6%. This indicates a positive trend in the Singapore market.

The company states that its business is particularly sensitive to reductions in discretionary consumer and corporate spending as a result of downturns in the economy. This highlights the potential impact of macroeconomic conditions on the company's performance.