Sands China has completed the issuance of the new notes, comprising US$797 million in notes due in 2026 and US$697 million in notes due in 2030.
Publication of Listing Document (release)
As the Covid-19 crisis descended upon, first, China, then the world, the six Macau operators have not been idle in their CSR efforts, in spite of the mandated casino closures and reopenings under difficult economic conditions.
Consensus estimates for Q1 earnings at Macau’s six operators may be too high, with corporate EBITDA likely to be lower than the prior quarter due to an uneven recovery and higher expenses, Morgan Stanley says.
Las Vegas Sands Corp CEO Rob Goldstein has reiterated his interest in potentially expanding their operations in Asia, other parts of the U.S. and digitally, using the proceeds from their recent Las Vegas property sale.
Sands China opened its $1.9 billion “The Londoner” on Monday, providing a vote of confidence in the Macau market’s recovery.
Las Vegas Sands has kicked off the Q4 season reporting both its results for the last three months of 2020 as well as its full year figures.
In a series of announcements in recent days, all six Macau operators have now announced staff bonuses to most of their employees, generally equivalent to one month of extra pay.
Sands China said the first phase of its $1.9 billion Londoner resort will officially open on Feb. 8th, ahead of Chinese New Year.
Macau is set to face its biggest test of the mantra “if you build it, they will come,” as Sands China’s $2 billion “The Londoner” gets set to open its doors after the worst year in modern records for the world’s largest gambling hub.
A spokesperson for James Packer has reportedly denied that the Australian billionaire met with Sands China Chairman Sheldon Adelson over the New Year holidays. The super yachts of the two casino executives were moored next to each other, triggering speculation.
Sands China volunteers and local community groups recently worked together at The Venetian to build 40,000 hygiene kits for Clean the World, an international social enterprise that provides hygiene supplies essential for good health to populations in need around the globe, helping prevent the spread of disease.