Las Vegas Sands Corp.

Good day, and thank you for standing by. Welcome to Las Vegas Sands' third quarter 2021 earnings conference call. At this time, all participants are in the listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star 1 on your telephone. And if you require any further assistance, please press star 0. Thank you. I would now like to hand the conference over to your first speaker today, Mr. Dan Briggs. Sir, the floor is yours.

Thank you, operator. Joining me on the call today are Rob Goldstein, our chairman and chief executive officer, and Patrick Dumont, our president and chief operating officer. Also joining us on the call are Dr. Wilfred Wong, president of SANS China, and Grant Chung, chief operating officer of SANS China. Before I turn the call over to Rob, please let me remind you that today's conference call will contain forward-looking statements that we are making under the safe harbor provision of federal securities laws. The company's actual results could differ materially from the anticipated results in those forward-looking statements. In addition, we may discuss non-GAAP measures. A definition and a reconciliation of each of these measures to the most comparable GAAP financial measures is included in the press release. Please note that we have posted supplementary earnings slides on our investor relations website. We may refer to those slides during the Q&A portion of the call. Finally, for those who would like to participate in the Q&A session, We ask that you please respect our request to limit yourself to one question, one follow-up, so we might allow everyone with interest the opportunity to participate. Please note that this presentation is being recorded. With that, let me please turn the call over to Rob.

Thanks, Dan. Good afternoon and good morning to our colleagues in Asia, and thank you for joining our call today. I'll provide some brief comments, then we'll go to the Q&A. Our results continue to reflect the pandemic's impact. Heightened restrictions directly impacted our results in both Macau and Singapore this quarter. We did generate positive EBITDA for the quarter in both markets and remain confident in eventual recovery in both Macau and Singapore. Singapore gaming operations were closed for a portion of the quarter and enhanced restrictions were in place throughout the remainder of the quarter. The good news in Singapore is that travel quarters are being established with a number of source markets which hopefully will contribute to the stronger recovery over time. Our considerable investments in Macau continue to take shape. As the market recovers, we believe that four seasons in London will present growth opportunities in the future. The spending in Macau has proven both resilient at the premium mass level from both a gaming and a retail perspective. You can see on page 29 and 30 in your deck. We have great optimism about our ability to perform to a pre-pandemic level once visitation does return. Our company is divided into three areas. Most important is the Asia portfolio in Macau and Singapore. We remain confident we will return to a strong positive cash flow in both Macau and Singapore in the future as restrictions are eased and travel and tourism recover. The sale of our Las Vegas assets create liquidity and optionality as we pursue large-scale land-based destination resorts in both the US and Asia. We will continue to build out our digital presence. We're exploring multiple opportunities we'll face here at the appropriate time in the future. So thanks for your time again today. Let's go to the questions. Dan?