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  • Dec 22, 2014
  • Updated: 9:08pm

Sands China

China slowdown fails to hurt Sands in Macau

Sands China is predicting a better second half for its Macau operations, helped by improved transport on the mainland. Photo: Reuters

Sands China, the Macau casino operator controlled by the American Sheldon Adelson, has not suffered any decline in revenue from high-stakes gamblers as the mainland's economic growth slows.

Friday, 28 June, 2013, 4:58am

HSBC to end UnionPay chaos with a new Plus ATM card

Chengdu, easy to lose a hack in.

We hear there is light at the end of the tunnel for HSBC customers who have suffered dismay and distress when, on arriving in foreign parts, they weren't able to use their ATM card to withdraw cash.

15 Jun 2013 - 4:16am 8 comments

Sands, DreamWorks strike Macau casino licence deal

Edward Tracy, President and CEO of Sands China, stands in between DreamWorks animation characters Alex and Shrek, at the Venetian casino, Macau, on Tuesday. Photo: EPA

Sands China, the Macau arm of US casino mogul Sheldon Adelson, has entered into a licensing agreement with DreamWorks Animation SKG to host animated characters including Kung Fu Panda Po, Shrek and King Julien of Madagascar at its three Cotai Strip resorts.

1 May 2013 - 4:58am 1 comment

Jump in mainland visitors boosts price of gaming stocks

More mainland visitors means a share-price boost for casinos.

Macau gaming stocks typically rebound as the Lunar New Year approaches, in expectation of mainland visitors flocking to the city's casinos over the holiday period.

This year, visitor arrivals did not disappoint, and share prices duly went up.

15 Feb 2013 - 5:20am

Sands China hit by 'crackdown on gambling junkets' talk

Analysts cast doubts about speculation over a crackdown on gambling in Macau, saying that it 'does not make sense'. Photo: Bloomberg

Speculation over a crackdown by Beijing on gambling in Macau affected the performance of the casino operator Sands China, which reported a subdued 9 per cent net increase in profit to HK$$9.58 billion for last year.

8 Feb 2013 - 4:08am

Sands eyes bigger share of Macau gaming market after 52pc net rise

Visitors arrive at the Venetian Macao hotel and casino in Macau. Casino operator Las Vegas Sands says weak results in Las Vegas have dampened a strong performance in Macau and Singapore.

"In Macau, we delivered record financial results with outstanding growth and strong operating momentum reflected in every segment of our business," said Adelson, the chairman and chief executive of the parent firm, Las Vegas Sands.

1 Feb 2013 - 5:37am

Sands China shares rise on clearance for 200 more gaming tables

Sands' biggest hotel in Macau.

Sands China shares rose 1.6 per cent yesterday after the casino operator said it had received government approval for 200 more gaming tables.

There was little change in the benchmark Hang Seng Index.

30 Jan 2013 - 4:40am

Sands share of Macau revenue rises to 19pc

Deutsche Bank expects Sands China's share of the Macau gaming market to rise from 19.3 per cent to 23 per cent by 2014. Photo: Reuters

Sands China is expected to build a bigger stake in Macau's gaming market after gaining market share and posting better-than-expected profits in the third quarter.

3 Nov 2012 - 3:22am

Venetian is high roller for Sands China

Hong Kong-listed Sands China, an arm of Las Vegas casino mogul Sheldon Adelson's Sands Corp, said net profit rose 6.4 per cent to US$279.3 million for this year's first quarter from US$262.4 million a year earlier.

10 May 2012 - 12:00am

Sands China joins payout club with HK$4.67 billion maiden dividend

A maiden HK$4.67 billion dividend payout by Sands China may point the way to more distributions by other cashed-up Macau casino companies, say analysts.

Sands China, 70.3 per cent owned by gaming magnate Sheldon Adelson's Las Vegas Sands, said yesterday it would pay a HK 58 cents-per-share interim dividend to shareholders of record as of February 20.

1 Feb 2012 - 12:00am

Sands eyes strong VIP gains despite credit crunch

Sands China's net income rose 41.2 per cent year on year to US$281 million in the third quarter with no sign that tightening credit on the mainland is hitting its VIP business, which relies heavily on private loan facilities from the mainland.

9 Nov 2011 - 12:00am

Sands shares plunge on SFC probe

Shares in Sands China, the Macau unit of billionaire Sheldon Adelson's Las Vegas Sands, plunged yesterday after the company said it was being investigated by Hong Kong's Securities and Futures Commission (SFC).

1 Apr 2011 - 12:00am