Macau gaming operator Sands China has announced that it has repaid a $1 billion loan from its parent company Las Vegas Sands three years early.
In the Friday filing with the Hong Kong Stock Exchange, Sands China indicated that the loan – which was first announced in July of 2022 – was originally repayable by July 11th, 2028.
The Friday filing indicated that the board of directors of the company was ‘pleased to announce’ that the loan was repaid in full on March 27th, 2025.
According to the conditions of the loan, it was it was pre-payable by Sands China ‘in whole or in part at any time without penalty’.
The repayment comes after a strong financial 2024.
Sands China in late February indicated that it would be giving out its first dividend in five years.
The company reported a profit of $1.05 billion for full year 2024, a 51 percent yearly increase. Total net revenues for 2024 reached $7.08 billion up 8.4 percent yearly.
This came on the back of a 10.4 percent yearly increase in net casino revenues, totaling $5.35 billion.
The company continues to double down on its investments in Macau, with Las Vegas Sands Chairman Robert Goldstein indicating that the group has invested approximately $17 billion to diversify Macau’s economy and create Asia’s leading leisure and business tourism destination.
Despite the group’s success, LVS Chairman and CEO Robert Goldstein is stepping down from his roles as of March 1st, 2026. He will remain in a senior advisor capacity through March of 2028.
