Blame lies with Covid-19’s effect on Macao; CEO bullish on company’s future prospects, pointing to robust customer demand.
Sands China Ltd.
The Londoner Macao’s 6,000-seat arena ready for action later this year; another ceremony on drawing board for property’s full opening.
Owner welcomes mass footfall and increased spend in hotels, casinos and malls and looks forward to a busy summer as tourism industry revives.
Sands China’s latest project, where the Sands Cotai Central integrated resort is being rebranded as The Londoner Macao, will open on 8 February.
The discretionary allowance, equivalent to one month’s salary and capped at MOP 45,000, is to reward staff for their contributions last year.
Sands China Ltd. reported a net loss of US$549 million for the fiscal second quarter, according to an announcement made on the Hong Kong Stock Exchange.
The President of Sands China, Wilfred Wong, will remain in his position until February 20, 2024, a year more than the term initially approved by the gaming operator’s board.
Sands China will maintain its plans for the near future and promises to invest MOP 17.5 billion (US$2.2 billion) between this year and the next.
US gaming mogul Sheldon Adelson’s Las Vegas Sands has given up on its US$10 billion casino project in Japan, Fox Business reported on Tuesday.
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