Robert G. Goldstein
Chairman and Chief Executive Officer at Las Vegas Sands
Thank you, Dan, and good afternoon and good morning to our colleagues in Asia, a very good morning to our colleagues in Asia. Thank you for joining our call today. We will have some brief comments and then we'll go right to Q&A. Our results continue to reflect the pandemic's impact, travel restrictions continued to affect visitation, and our financial results in both Macao and Singapore this quarter. We did generate some positive EBITDA for the quarter in both markets. We remain confident in the eventual recovery in both Macao and Singapore.
The good news in Singapore, the travel restrictions and travel corridors were established with many important source markets during the quarter, Indonesia, Malaysia, South Korea, Australia, Thailand, were all part of the initial rollout of the retail program. And obviously, the emergence of Omicron variant impacted the retail program. In late December, the retails should contribute to a more robust recovery over time. Our confidence in the long-term opportunity in Singapore remains deep. And I'm pleased to announce we've embarked on $1 billion US renovation project at MBS that will introduce luxurious new suite product to the Resort. The program will meaningfully expand our room suite offerings, and significantly enhance our appeal to the premium customers.
In Macao, The Londoner is near completion. As the market recovers, both the Four Seasons and Londoner will provide growth opportunities -- material growth opportunities in both the premium and mass customer segments. We continue to have the largest footprint in the world's greatest market for Macao, and appreciate the opportunity to provide input in the public consultation process ongoing. We look forward to participating in tendering process as it proceeds to fruition. Customer demand and spending in Macao have proven resilient at the premium mass level from both the gaming and retail perspective, it's outlined I think on Pages 29 and 30 in your deck.
We continue our great optimism about our ability to perform to pre-pandemic levels once visitation returns. You may know, our company is divided primarily the three material areas, the most important being Asia, the portfolio in Macao and Singapore. We remain confident, we will return to strong positive cash flow in both Macao and Singapore in the future as restrictions are eased and travel and tourism recover. The sale of Las Vegas creates liquidity and optionality as we pursue additional large-scale land-based destination resorts in the US and Asia. And we continue to build our digital presence, we're exploring multiple opportunities this time, we will provide some color at the appropriate time.
So let's go to your questions and thank you for listening.