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China – Sands officially submits tender for casino licence renewal in Macau

By - 14 September 2022

Sands China has now officially submitted a tender to the Macau government for the award of a new 10-year gaming concession for the operation of casino games of chance in Macao, which, if granted by the Macao government, is expected to commence on January 1, 2023.

Las Vegas Sands China’s Chairman and Chief Executive Officer Mr. Robert G. Goldstein said: “The tender submission highlights both the unprecedented level of investment Sands China has made in Macau, specifically in non-gaming tourism amenities and attractions, as well as detailing the organization’s plans for continuing to help broaden Macao’s appeal as an international tourist destination.

“No one has been a bigger believer in Macao’s long-term success as a leisure and business tourist destination than we have. Investments in our world-class assets, our team members and the local community are a testament to our overall commitment to Macao and this tender submission reiterates our longstanding strategy of continuous investment in Macao,” he added. “On behalf of our 25,000 team members in Macao, senior management, our boards of directors and the Adelson family, we are honored to have submitted our application and look forward to continuing the wonderful partnership we have had with the people of Macao for the last two decades.”

“The entrepreneurial vision of our founder, Mr. Sheldon G. Adelson, combined with the leadership of the government and the dedication of our team members, has helped lead a remarkable transformation of Macao over the past twenty years. Over the next decade we hope to play a leading effort in helping Macao attract more tourists from more parts of the world and further its efforts to be recognized as a world center of tourism and leisure,” said Sands China’s President and Executive Director, Dr. Wilfred Wong Ying Wai.

Dr. Wong said the submission recapped the organization’s industry-leading programs dedicated to assisting and supporting small and medium enterprises, as well as the strong community outreach achieved through the Sands Cares Ambassadors and a robust charitable giving program and
the award-winning training and development programs that have provided Sands China’s team
members opportunities for new skill development and career advancement.

Mr. Goldstein said the Company plans to further many of its longstanding local talent development
initiatives including plans to expand its Sands China Academy offerings. He said these efforts
will create even greater upward career mobility opportunities and further increase the percentage
of locals in management positions. In addition, Mr. Goldstein said the Company was dedicated to
helping Macao meet its tourism and economic diversification goals.

“Our goals have always been aligned with the government when it comes to developing the scale
of amenities Macao needed to become a must-see international tourism destination. We made
unmatched commitments to bringing world-class shopping and dining and quickly became the
market leader in MICE (Meetings, Incentives, Conferences, Exhibitions) and live entertainment.
Macao is still in the early stages of establishing itself as an international tourism destination and
we believe we can continue to meaningfully contribute to that effort by expanding those important
drivers of tourism,” said Mr. Goldstein.

The company also announced that Mr. Dave Sun MinQi, who has served as Sands China’s Chief
Financial Officer since 2017 and has been with the company since 2007, has been proposed to also
act as the future managing director of Venetian Macau Limited. Additionally, Mr. Grant Chum
Kwan Lock, who serves as Chief Operating Officer and a member of the Sands China board of
directors, is also taking on the role of Executive Vice President of Asia Operations for Las Vegas
Sands. In that role, Mr. Chum will work across LVS’ properties in Macao and Marina Bay Sands
in Singapore. He will also lead strategies directed at increasing foreign visitation to our Macao
properties, as well as build greater synergies between the two markets, especially as it relates to live
entertainment, MICE, luxury retail and other non-gaming lifestyle attractions.

“Sands China has an unwavering commitment to the long-term success of Macao as Asia’s leading
leisure and business tourism destination. We have a tremendous management team, the majority of
whom are local residents, with deep experience in developing and operating the largest integrated
resorts in Asia. With the right strategy and team in place, we could not be more excited about our
future in Macao,” concluded Mr. Goldstein.”

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