Las Vegas Sands
Q2 2022 Earnings Call
Jul 20, 2022, 4:30 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good day, ladies and gentlemen, and welcome to the Sands second quarter 2022 earnings conference call. [Operator instructions]. It is now my pleasure to turn the floor over to Mr. Daniel Briggs, senior vice president of investor relations at Sands.
Sir, the floor is yours.
Daniel Briggs -- Senior Vice President of Investor Relations
Thank you. Joining the call today are Rob Goldstein, our chairman and chief executive officer; Patrick Dumont, president and chief operating officer; Dr. Wilfred Wong, president of Sands China; and Grant Chum, chief operating officer of Sands China. 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 total measures is included in the press release. 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 limit yourself to one question and one follow-up. So we might allow everyone with interest the opportunity to participate. Please note that this presentation is being recorded.
With that, I'll turn the call over to Rob.
Rob Goldstein -- Chairman and Chief Executive Officer
Thank you, Dan, and thank you for joining our call today. A few brief comments and then move to Q&A. The recovery in Singapore at MBS accelerated during the quarter with property EBITDA reaching $319 million. The relaxation of pandemic-related restrictions in Singapore and many of its source markets has enabled this encouraging improvement in the financial performance at MBS.
We expect a more robust recovery over time as additional airlift in Singapore comes online and further relaxation measures in the region are implemented. Our conviction to the long-term opportunity in Singapore market remains steadfast. Our $1 billion capital investment is underway at Marina Bay Sands as introduced exceptional new suite product and premium segment focused amenities to the resort. More offerings will be added throughout the remainder of 2022 and '23 and this will enhance the property's appeal to premium customers seeking the highest-level travel experiences.