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sands china ltd (1928) Snapshot

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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.

25,875 Employees
Last Reported Date: 03/26/15
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 Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015

Sands China Ltd. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, on a US GAAP basis, total net revenues for Sands China decreased 21.7% to USD 1.66 billion in the fourth quarter of 2015, compared to USD 2.12 billion in the fourth quarter of 2014. Adjusted property EBITDA decreased 18.5% to USD 581.2 million in the fourth quarter of 2015, compared to USD 713.2 million in the fourth quarter of 2014. Net income decreased 29.3% to USD 378.4 million in the fourth quarter of 2015, compared to USD 535.3 million in the fourth quarter of 2014. For the full year, on a US GAAP basis, full year 2015 total net revenues decreased 28.3% to USD 6.86 billion, compared to USD 9.57 billion in 2014. Adjusted property EBITDA decreased 31.9% to USD 2.22 billion in 2015, compared to USD 3.26 billion in 2014. Net income decreased 43.1% to USD 1.45 billion in 2015, compared to USD 2.55 billion in 2014.

Sands China Ltd. Appoints Wong Ying Wai as an Executive Director, a Member of the Remuneration Committee and China Capital Expenditure Committee

The board of directors of Sands China Ltd. announced that Dr. Wong Ying Wai has been appointed as an executive director of the company and a member of the Remuneration Committee and the Sands China Capital Expenditure Committee of the company with effect from January 22, 2016.

Sands China Ltd. Declares Interim Dividend, Payable on February 26, 2016

The board of directors of Sands China Ltd. has resolved to declare an interim dividend of HKD 0.99 per share (the "Interim Dividend") payable to shareholders of the company whose names appear on the register of members of the company on February 9, 2016. It is expected that the Interim Dividend will be paid on February 26, 2016.


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