Las Vegas Sands has decided to increase its shareholding in Sands China by purchasing some HK$1.95 billion ($249.56 million) in shares.
Macau gaming operator Sands China has solidified a comprehensive strategic partnership with two of the top main Chinese online platforms: Tencent Video and Maoyan Entertainment, setting the stage for future collaboration in various aspects.
Sands China has registered a massive increase in third quarter revenue, rising from $251 million in 3Q22 to $1.78 billion in 3Q23, with net income coming back into the black, at $231 million, compared to a loss of $472 million in the same quarter last year.
Sands China Ltd. has been recognised with Prime Status and a B rating in the highly regarded ISS ESG Corporate Rating. With this exceptional performance, Sands China has emerged as the leading performer among Macao integrated resort operators, positioning itself within the top 2 percent of the global leisure industry, highlighting the company’s outstanding environmental, social, and governance (ESG) performance and its steadfast commitment to sustainable business practices.
In the latest investment memo published by Deutsche Bank, analyst Carlo Santarelli notes that Macau gaming operator Sands China, which has been the market share leader, is facing new challenges regarding rivalry in both gaming market share and hotel room inventory.
Macau casino operator Sands China is set to help revitalize various old districts in the city. These include the Iec Long Fireworks Factory, Pátio da Eterna Felicidade, Rua Das Estalagens, and their surrounding areas.
A group of over 60 Sands China team members were the latest to complete the company’s annual advanced responsible gaming training programme Sept. 19 and 20 at The Venetian Macao, aimed at strengthening their knowledge and supporting the Macao government’s “Seeking Help for Winning the Future” responsible gaming initiatives.
Sands China Ltd., in cooperation with Emperor Entertainment Group (EEG), is thrilled to announce the introduction of residency shows at the state-of-the-art The Londoner Arena. The spectacular concert series will kick off this September featuring Hong Kong’s beloved singing sensation, Hacken Lee.
Sands China represented 25.8 per cent of the total $5.6 billion (MOP45.7 billion) in Macau gross gaming revenue reported in the second quarter of this year, estimates by Deutsche Bank analysts estimate
Macau gaming operator Sands China is "bullish on the Macau outlook", noting the exact timing of the full recovery is unclear but that it's "just a question of time".