Skip to Content

Header Banner – BBIN

Tag Archives: Sands China

China – Sands China reports a loss of US$125m in August but revenues up 179.2 per cent

Sands China generated net revenues of US$265m and US$148m in July and August 2021 compared to US$43m and US$53m in July and August, 2020, respectively, representing an increase of 516.3 per cent and 179.2 per cent, respectively. A company spokesperson said: “We had an operating loss of US$25m and US$83m and a net loss of…

China – Sands not concerned over Macau licence renewal speculation

With Macau’s casino licences up for renewal, executives at Sands China do not believe China’s Central Government in Beijing will use it as an opportunity to get mainland Chinese companies involved with casino operations. Wilfred Wong, President and Executive Director of Sands China, said: “We have not picked up any nor have we been consulted…

China – Macau licence renewal could prompt Sands China share sale

Smartkarma’s Howard J Klein believes the renewal process for Macau’s casino licences in 2022 could see the Adelson family to sell some of its shareholding in Sands China. “An orderly disposition of the huge chunk of assets would fall within the shadow timing of the Macau re-concession talks scheduled to begin in 2022, or 2023,”…

China – Sands China releases more details about The Londoner’s launch

Londoner Macao, Sands China’s bold British-themed reimagining of the Sands Cotai Central integrated resort, will launch its first phase, offering the best of British history and culture alongside a traditional yet contemporary hospitality experience. Representing an investment of approximately $2bn, The Londoner Macao will open progressively throughout 2021. With two new all-suite hotels, guests now…

China – First phase of Sands China’s US$2bn The Londoner Macao to debut in September

Las Vegas Sands has confirmed that the coronavirus pandemic has done little to slow the opening schedule for its The Londoner Macao, the rebirth of the company’s existing Sands Cotai Central Cotai Strip integrated resort, which will open progressively from 2020 to 2021. The first phase of Sands China’s US$2bn The Londoner Macao will be…

China – Macau casinos costing Sands China US$200m a month to stay open

Sands China’s Macau casinos, The Venetian Macao, The Parisian Macao, Sands Macao and The Plaza Macao, have been costing the company US$200m a month to stay open at a time when revenues are next to nothing due to the COVID-19 pandemic and related border restrictions. Those costs are split into operating costs of US$110m, US$65m…

Japan – Sands lays out parameters for local partner in Yokohama

Las Vegas Sands Managing Director of Global Development, George Tanasijevich has said the integrated resort destined for Yokohama should become an iconic part of the city’s skyline like Marina Bay Sands has in Singapore. Speaking at an event in Yokohama promoting the 1st Japan IR Expo in Yokohama, to be held in January, Mr. Tanasijevich…

China – Sands, MGM and Wynn to get ‘level playing field’ in Macau’s re-licensing process

Macau’s three US casino licence holders can expect a ‘level playing field’ when it comes to the relicensing process in 2022, according to ratings agency Fitch. Fitch believes that Sands China, MGM China and Wynn Macau will be given pragmatic approach from new Chief Executive, Ho Iat Seng but also believes there is still a…

China – Sands to partially open Londoner Macao in July 2020

Sands China’s The Londoner Hotel will open in July 2020, according to Sands China Vice-President of Integrated Marketing & Communication, Cristina Quental. She informed that the project would pay homage to iconic British landmarks including the Palace of Westminster and Houses of Parliament and a full-size Big Ben, Piccadilly Circus’ Shaftsbury Memorial Fountain and a…