Thursday, July 18, 2024

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Galaxy and Sands China likely most benefited from holiday: Citigroup 

According to a recent Labor Day edition of the Premium Mass table survey from Citigroup, Macau gaming operators Galaxy Entertainment and Sands China, with the largest hotel room inventory, 'seem to benefit the most from the holiday crowd.’

Daily Asia Gaming eBrief: Sands China with lower mass market share

Brokerage Morgan Stanley is revising down its estimates for Sands China, now predicting that the company will garner EBITDA of some $2.4 billion for 2024, down 8 percent compared to previous estimates.

Morgan Stanley lowers Sands China’s 2024 EBITDA estimates due to share loss

Morgan Stanley has revised down Sands China’s 2024 EBITDA forecast to $2.4 billion, an 8 percent decrease, due to lower market share this year.

Sands China sees massive EBITDA increase as 1Q24 shines

Sands China has reported a 53.3 percent increase in adjusted property EBITDA for its Macau operations in the first quarter, while Marina Bay Sands was also up by over 50 percent during the period.

Sands China extended its market share leadership in 2023

Macau gaming operator Sands China has secured its leadership in the gaming industry, according to data provided by Deutsche Bank.

Sands China CEO Grant Chum: $1.4 billion towards Londoner Phase 2 and Arena revamp

Sands China is doubling down on its non-gaming investments, with newly elevated Grant Chum – the group’s President and CEO – saying it will lay-out some $1.4 billion on Londoner Phase 2 and the revamp of its Cotai Arena.

Sands China wraps 2023 after strong responsible gaming efforts

Sands China notes that its responsible gaming efforts and achievements in 2023 were noteworthy, as the company continued its work to promote responsible gaming among its team members and the community.

Daily Asia Gaming eBrief: Sands China focused on reducing costs and customer retention

The new management at Sands China is focused on cutting down overall costs while also maintaining customers, notes gaming consultant Sudhir Kalé. Grant Chum, the new CEO of the company replaces Robert Goldstein, while also getting the role of President - as Wilfred Wong was elevated.

Sands China new management to focus on cost reductions and customer retention

Grant Chum will be a more "hands on" CEO and President at Sands China than the previous management, with his main focus to be in "cost-cutting" and "customer retention", gaming consultant Sudhir Kalé tells AGB.

Brokers reaffirm Sands China’s solid recovery despite headwinds

Analysts at Deutsche Bank and Jefferies have reaffirmed Sands China's solid results despite the prevailing negative sentiment towards Macau/China.