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sands china ltd (1928) Details

Sands China Ltd., an investment holding company, develops, owns, and operates integrated resorts and casinos in Macao. It owns and operates The Venetian Macao-Resort-Hotel, the Sands Cotai Central resort, The Plaza Macao resort, and Sands Macao casino; the CotaiExpo, an convention and exhibition hall; the Cotai Arena, an entertainment venue; and luxury and mid-market retail malls with approximately 600 shops. As of December 31, 2014, the company had 9,277 suites and hotel rooms, 19 Paiza Mansions, 1,535 table games, 4,082 slot machines, and approximately 120 restaurants and food outlets, as well as other integrated resort amenities. It also offers ferry transportation and leasing services; security services; human resources administration services; financing; mall management services; travel and tourism agency services; and procurement, marketing, and administrative services, as well as outsourcing services, including information technology, accounting, hotel reservation, and marketing. The company was incorporated in 2009 and is headquartered in Taipa, Macau. Sands China Ltd. is a subsidiary of Venetian Venture Development Intermediate II.

24,849 Employees
Last Reported Date: 08/20/15
Founded in 2009

sands china ltd (1928) Top Compensated Officers

Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $1.7M
Compensation as of Fiscal Year 2014.

sands china ltd (1928) Key Developments

Sands China Ltd. Announces Executive Changes

Sands China Ltd. announced the appointment of Wilfred Wong, GBS, JP, as the company's new president and chief operating officer. Mr. Wong's appointment is effective November 1, 2015 and he will replace Rob Goldstein (current president and COO of LVS), who has been serving as Sands China's interim president since earlier this year. Mr. Wong is joining Sands China after having served in a variety of senior business roles, including most recently as chairman and chief executive officer of the Hong Kong listed Hsin Chong Construction Group Ltd. Mr. Wong also held top management positions in a number of other Hong Kong listed companies in the property development and construction business sectors, including K. Wah International Holdings Limited, Henderson China Holdings Limited and the Shui On Group.

Sands China Ltd. Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2015

Sands China Ltd. announced unaudited consolidated earnings results for the six months ended June 30, 2015. For the six months, the company announced net revenues of USD 3,516,594,000 compared to USD 5,075,255,000 for the same period a year ago. Operating profit was USD 745,556,000 compared to USD 1,419,813,000 for the same period a year ago. Profit before income tax was USD 723,833,000 compared to USD 1,373,145,000 for the same period a year ago. Profit for the period attributable to equity holders of the company was USD 734,493,000 compared to USD 1,370,416,000 for the same period a year ago. Earnings per share for profit attributable to equity holders of the company, basic and diluted were 9.10 cents compared to 16.99 cents for the same period a year ago. Adjusted EBITDA was USD 1,096,162,000 compared to USD 1,737,350,000 for the same period a year ago. Capital expenditures were USD 599,618,000 compared to USD 427,989,000 for the same period a year ago. Net revenues decreased in the company’s casino, rooms, and food and beverage segments, mainly driven by the overall market slowdown in the Macao gaming industry. Net cash generated from operating activities was USD 901.2 million compared to USD 1,671.0 million for the same period a year ago.

The Parisian Macao Announces Unaudited Capital Expenditure Results for the Six Months Ended June 30, 2015

The Parisian Macao announced unaudited capital expenditure results for the six months ended June 30, 2015. For the six months, the company announced capital expenditure of USD 314,035,000 compared to USD 189,563,000 for the same period a year ago.


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