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

Las Vegas Sands CEO Rob Goldstein has once again confirmed the company's interest in Thailand, responding to inquiries from investment bank analysts regarding the company’s 1Q24 results.

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.

According to a recent memo from Citigroup, business trends in the Macau gaming sector appear to be resilient in April, especially leading up to the Labor Day break.

The multi-billion-dollar Marina Bay Sands expansion project has entered the 'final phase' of design enhancements.

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

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 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.

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.