MACAO, Sept. 24, 2024 /PRNewswire/ -- Sands China Ltd. and Marriott International are set to welcome the first Luxury Collection Hotel to Macao. Situated within The Londoner® Macao, Londoner Grand, a Luxury Collection Hotel, Macao promises to captivate the world's most discerning travellers by inviting guests to experience the brand's unparalleled charm of British living with Macao's rich cultural tapestry.The Chelsea Garden - an all-day dining outlet at The Londoner MacaoThe Londoner Grand -- Grand Terrace ...

SHANGHAI, Sept. 24, 2024 /PRNewswire/ -- Marriott International, Inc. and Sands China Ltd. are set to redefine luxury in Macao with the signing of an agreement to debut The Luxury Collection brand to the market. Anticipated to open in January 2025, Londoner Grand, a Luxury Collection Hotel, Macao is poised to cater to the world's discerning travelers, blending the brand's authentic take on luxury with the city's local charm to provide a unique and enriching travel experience.King Bedroom at Londoner Grand, ...

The Macau casino industry, a giant in global gaming, is navigating a stormy sea of regulatory and economic challenges. Per the GGRASIA report, Morgan Stanley Asia Ltd. highlighted the sector’s challenges, including changing investor sentiment and stricter regulations. Yet, within this uncertainty, there are signs of resilience. Let’s explore the current state of Macau’s high-stakes market and what may lie ahead for this global gaming powerhouse.Regulatory Pressures Stir Investor AnxietyImage Source: Zacks I ...

The China-born LPGA Tour winner will support the company's efforts to showcase women athletes as leaders on and off their playing fields through resort and community initiatives. LAS VEGAS, Sept. 10, 2024 /PRNewswire/ -- Las Vegas Sands (NYSE: LVS) today announced that LPGA Tour pro Muni "Lily" He is the company's newest champion ambassador.The China-born He will work with Sands to promote women's golf to a broader audience at its resorts and as part of the Sands Cares community engagement program, by highl ...

A month has gone by since the last earnings report for Las Vegas Sands (LVS) . Shares have added about 4.4% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Las Vegas Sands due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Las Vegas Sands Q2 Earnings & Revenues Lag, ...

Shares of Las Vegas Sands Corp (NYSE:LVS) are down 1.4% at $40.49 at last glance, after a downgrade from UBS to "neutral" from "buy." The firm also threw in a price-target cut to $49 from $70. This negative price action has LVS on track to post its second loss in eight sessions, after the shares yesterday snapped a seven-day win streak. The casino stock has been climbing since its Aug. 5, 52-week low of $36.62, though still sporting a 17.7% year-to-date deficit. A short-term dip could've already been in the ...

Las Vegas Sands Corp. (LVS) is poised to benefit from growth in Macao and Singapore, driven by investments focused on enhancing the business and delivering top-tier customer experiences. Travel recovery and improving tourism spending are encouraging for prospects in Macao.LVS’ ongoing commitment to long-term investments in Macao and the renovation and refurbishment program of Marina Bay Sands bode well for its prospects. However, high debt and stiff competition are a concern.Factors Driving GrowthLVS genera ...

2Q24 Earnings Presentation July 24, 2024 Forward Looking Statements This presentation contains forward-looking statements made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forwardlooking statements include the discussions of our business strategies and expectations concerning future operations, margins, profitability, liquidity and capital resources. In addition, in certain portions included in this presentation, the words "anticipates," "believes," " ...

MACAO, Aug. 1, 2024 /PRNewswire/ -- Sands China Ltd. has earned Top 1% rankings in both the China edition and the Global edition of the S&P Global Sustainability Yearbook 2024, a testament to the company's impressive ESG (environmental, social and governance) achievements.This recognition highlights Sands China's accomplishments across its three corporate responsibility pillars: People, Community and Planet. With the concerted efforts of its 26,000 team members and community partners, Sands China is the onl ...

Financial Performance - Net revenues for the three months ended June 30, 2024, were $2.76 billion, an increase of 8.6% compared to $2.54 billion for the same period in 2023[105]. - Operating income for the same period was $591 million, up from $537 million year-over-year, reflecting a positive trend in operational performance[105]. - Net income increased to $424 million for the three months ended June 30, 2024, compared to $368 million for the same period in 2023[105]. - Consolidated net revenues for the six months ended June 30, 2024, were $5.72 billion, an increase of $1.06 billion or 22.7% compared to $4.66 billion for the same period in 2023[123]. - Net income for the six months ended June 30, 2024, was $1.007 billion, compared to $513 million for the same period in 2023, reflecting a significant increase[141]. Casino Operations - Casino revenues rose by $173 million, driven by a $116 million increase in Macao operations and a $57 million increase at Marina Bay Sands[106]. - Total net casino revenues for The Londoner Macao increased by 13.2% to $318 million compared to $281 million in the previous year[109]. - Total net casino revenues for Macao operations reached $1.194 billion for the six months ended June 30, 2024, a 23.2% increase from $969 million in 2023[124]. - Total casino revenue reached $1.141 billion, reflecting a 10.3% increase compared to the previous year[114]. - Total net casino revenues increased by 26.0% to $1,565 million compared to $1,242 million in the previous year[125]. Visitor Trends - Total visitation to Macao increased approximately 52.9% during the six months ended June 30, 2024, compared to the same period in 2023[97]. - In Singapore, total visitation increased to approximately 8.2 million for the six months ended June 30, 2024, up from approximately 6.3 million for the same period in 2023[98]. Revenue Growth - Gross gaming revenue in Macao increased approximately 41.9% during the same period, indicating a strong recovery in the gaming sector[97]. - Non-Rolling Chip win percentage in Macao increased to 24.5% for the three months ended June 30, 2024, compared to 23.8% in the prior year[107]. - Rolling Chip win percentage improved to 4.86% for the same period, up from 3.73% year-over-year, reflecting better performance in high-stakes gaming[107]. Operating Expenses - Operating expenses rose to $2.17 billion, an increase of 8.2% driven by higher visitation and increased gaming taxes[114]. - Operating expenses increased by $665 million to $4.41 billion for the six months ended June 30, 2024, compared to $3.75 billion for the same period in 2023[132]. Cash and Liquidity - The company reported total unrestricted cash and cash equivalents of $4.71 billion as of June 30, 2024, ensuring sufficient liquidity for ongoing operations[99]. - Net cash generated from operating activities for the six months ended June 30, 2024, was $1,528 million, compared to $1,382 million for the same period in 2023[155]. - As of June 30, 2024, the company held approximately $4.71 billion in unrestricted cash and cash equivalents, with $2.65 billion held by non-U.S. subsidiaries[159]. Capital Expenditures and Investments - Capital expenditures for the six months ended June 30, 2024, totaled $481 million, an increase from $362 million in the prior year[155]. - The company has a financial commitment to spend approximately $4.45 billion on capital and operating projects in Macao through 2032, with $4.15 billion allocated for nongaming projects[151]. - The renovation of Towers 1 and 2 of Marina Bay Sands was completed at a cost of approximately $1.0 billion, enhancing luxury amenities and guest experiences[152]. - The company acquired the Nassau Veterans Memorial Coliseum for $241 million, intending to develop an Integrated Resort in New York[153]. Debt and Interest - The weighted average total debt balance decreased from $15.56 billion to $14.73 billion, contributing to lower interest costs[119]. - Interest expense decreased by $23 million to $186 million for the three months ended June 30, 2024, primarily due to a reduction in the weighted average interest rate from 5.4% to 5.0%[119]. - Interest expense decreased to $368 million for the six months ended June 30, 2024, down from $428 million in the same period of 2023, due to a lower weighted average interest rate of 5.0%[139]. Taxation - The effective income tax rate for the three months ended June 30, 2024, was 14.5%, compared to 11.8% for the same period in 2023[121]. - The effective income tax rate for the six months ended June 30, 2024, was 8.1%, down from 16.2% in the prior year, due to an income tax exemption on gaming operations in Macao[141]. Market Risks - The company is dependent on properties primarily in Macao and Singapore for all cash flow and the ability of subsidiaries to make distribution payments[167]. - Increased competition in Macao includes recent and upcoming increases in hotel rooms, meeting and convention space, and potential additional gaming licenses[167]. - The company faces risks related to government regulation of the casino industry, including changes to existing laws and regulations[167].