HomeNewsMacauSands China extends shared services deal with LVS for one year

Sands China extends shared services deal with LVS for one year

December 17, 2024

Macau gaming operator Sands China has entered into a renewal agreement with Las Vegas Sands Corp. (LVS) for the continuation of the 2024 Shared Services Agreement, extending the arrangement for one year until December 31st, 2025.

Under the renewed agreement, LVS will continue to provide Sands China with marketing services, as well as transportation and related services.

For 2025, the annual cap for marketing services provided by LVS to Sands China is set at $12.4 million, while the annual cap for transportation and related services is set at $12.6 million.

In a filing to the Hong Kong Stock Exchange on Tuesday, the Board stated that the terms of the renewal agreement are established on normal commercial terms, deemed fair and reasonable, and in the best interests of the company and its shareholders, in line with the growth of the company’s individual business units.

Last update: 17 December 2024, 10:22 pm

Viviana Chan https://agbrief.com/

Viviana Chan is an editor, interpreter, and journalist. With over a decade of experience, she writes in English, Chinese, and Portuguese. Viviana started her career in Macau-based newspapers, where she became passionate about the region's social, financial, and cultural development. Her writing focuses on the economy, emerging industries, gaming development, political affairs, and cross cultural-exchange in the business and cultural domains. She is avid for news and eager to discover and cover stories that generate public relevance.