macau, December 17, 2022 /PRNewswire/ — With the signing of a new 10-year gaming concession, macau Sands China Ltd., a majority-owned subsidiary of Las Vegas Sands Corp. (NYSE: LVS), today outlined its vision for the next decade. macau.
“When we look to the future, macauwe rely on a plan that we have successfully implemented over the past 20 years. Sheldon Adelson A vision of what our company offers macau The Chairman and CEO of Las Vegas Sands and Sands China said: Robert G. Goldstein“With the support of the government and the extraordinary level of commitment of Sands China, macau It has evolved into a truly international destination for leisure and business travel.We believe in continuous growth macau is still in front of us and we will continue to support and invest in it as it has proven since we first started there. macau It has cemented itself as one of the world’s largest tourist destinations. ”
At today’s press conference, the company said macau In the next decade as well as highlighting some key areas of investment.The company has pledged to spend his 30 billion patacas (USD) $3.75 billion) for both capital and operational projects including MOP 27.8 billion by 2032 $3.5 billion) in non-game projects that also appeal to international visitors.
“Sands China is confident that Macau’s We are grateful for the opportunity to work with the Macau SAR Government and help the Macau SAR grow. Macau’s economy, society and environment,” Sands China President Dr. Wilfred Wong Inwai“Our vision and the strategies we use to guide us will help our government achieve its important goal of continued growth. macau Become a world center for tourism and leisure, promote economic and industrial diversification, and enhance its international reputation. ”
As part of that investment, Dr. Wong said the company will devote resources to several key areas, including:
Commitment to expanding, improving and optimizing the size and quality of the convention center and related facilities. This includes the proposed development of a new he MICE facility of approximately 18,000 square meters adjacent to the existing Cotai Expo, expanding its footprint of interconnected meeting spaces and hosting additional large-scale international MICE events. enable the event. In conjunction with these efforts, Sands will enhance convention tourism planning, organization and international marketing to attract global multinationals to host annual conferences and corporate summits in Macau.
existing redevelopment garden (“Tropical Garden” on the south side of The Londoner Macao) will create a new internationally unique garden-themed destination of approximately 50,000 square meters. Proposed garden-themed attractions include an iconic conservatory with associated themed green spaces and amenities. The conservatory is macau A landmark of international renown, it offers year-round themed attractions for tourists and residents.
Expansion of entertainment and sporting events and services to grow international tourism, supported in part by meaningful reinvestment and upgrades to Cotai Arena.Sands will also develop several new restaurants to introduce and support innovative international cuisine concepts Macau’s Position as a city of gastronomy. The company will also launch luxury yacht experiences featuring water sports, entertainment including onboard dining and celebrity appearances.
sands China It also formulated a comprehensive overseas marketing strategy and committed related investments across key focus areas.
- Concentration of marketing expenses in foreign markets, including foreign media and distribution platforms
- Expansion of the company’s international sales office network in Asia and US/Europe
- Annual large-scale international business exchange event “Macau Showcase” held at Marina Bay Sands Singapore increase the exposure of macau As a MICE tourist destination
- We target international customer markets including: Korea, Japan, India, Southeast Asia and the United States.
Extending our commitment to small businesses, we will continue to prioritize hiring, training and moving our local workforce horizontally and upwards. macau residents. Specifically to support its efforts, Sands China has launched six new facilities focused on MICE (Meetings, Incentives, Conferences and Exhibitions), Hospitality, Integrated Resort Management, Facilities, Responsible Gaming and Entertainment. Establish Sands China Academy. The company will establish an incubation center to foster local innovation and entrepreneurship.
Specific promotion plan Macau’s Cultural heritage includes the creation of the Macau Heritage Carnival, which is held throughout Macau’s traditional neighborhoods. Macau’s Host a MICE group event in a traditional area Macau’s Historic monuments.Launch of an innovative program for revitalization Macau’s A rich cultural heritage, including partnering with local artists to host regular performances, exhibitions and workshops in restored buildings.
“We enthusiastically support Macau’s Growth over the next decade. We are proud of our contribution to the business over the last 20 years and are confident that the future will bring even more meaningful benefits. macau And everyone who shares in that success,” concludes Dr. Wong.
Sands is the world’s leading developer and operator of world-class integrated resorts.
Our iconic properties facilitate valuable leisure and business tourism, offering significant economic returns, sustainable job creation, economic opportunities for local businesses, and investment in our communities, making our host neighborhoods Help make it an ideal place to live, work and visit.
Sands’ real estate portfolio includes: marina bay sands of Singapore When The Venetian Macao, The Plaza When Four Seasons Hotel Macau, The Londoner Macau, The Parisian Macao When sands macau In the Macau Special Administrative Region, Chinathrough majority ownership Sands China Limited
Sands is dedicated to being a leader in corporate responsibility, fueled by our guiding principle of serving people, planet and communities.His ESG his leadership of the Company is closely linked to the world of Dow Jones Sustainability Indices and North America recognized as one of the Fortunes The World’s Most Admired Companies. www.sands.com.
About Sands China
Sands China Ltd. (Sands China or us) Cayman Islands It has limited liability and is listed on the Stock Exchange of Hong Kong (HKEx: 1928). Sands China is the largest integrated resort operator in China. macauOur integrated resorts on the Cotai Strip include The Venetian.® Macau The Plaza® Macau, The Parisian Macao, The Londoner® Macau. We also own and operate Sands.® Macau’s macau peninsula. The company’s portfolio features a diverse mix of leisure and business attractions and transportation, including extensive meeting and convention facilities. Wide range of restaurants. shopping malls; world-class entertainment at Cotai Arena, Venetian Theatre, Parisian Theatre, Londoner Theatre, and Sands Theatre;High-speed Cotai Water Jet Ferry service between Hong Kong When macauOur Cotai Strip Portfolio aims to contribute to: Macau’s Transformed into a world center for tourism and leisure.sands China is a subsidiary of Las Vegas Sands (NYSE: LVS), a global resort developer.
For more information, please visit www.sandschina.com.
This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include discussions of our business strategy and our expectations regarding future operations, margins, profitability, liquidity and capital. means. Also, in certain portions contained in this press release, words such as “expect,” “believe,” “estimate,” “seek,” “expect,” “plan,” “intend,” Our company or management intends to identify forward-looking statements. Although we believe these forward-looking statements are reasonable, we cannot ensure that the forward-looking statements will prove to be correct. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the control of the company that could cause actual results, performance or other expectations to differ materially. I have. These factors include, but are not limited to: uncertainty about the scope, duration, and impact of the COVID-19 pandemic, and government-mandated facility closures, vaccine mandates, routine regulatory inspection requirements, other governmental and other third-party responses; increased operational regulatory requirements or travel restrictions on our business, operating results, cash flows, liquidity and development prospects;Risks associated with current sub-concessions and new concessions, amendments Macau’s game law; general economic conditions; interruption or reduction of travel and our operations due to natural or man-made disasters, pandemics, epidemics, contagious diseases or epidemic outbreaks;Ability to invest in future growth opportunities and execute previously announced capital expenditure programs Singapore, and generate future returns. New development, construction, venture.Government Regulations; Scope of Mainland Laws and Regulations China become applicable to our business in macau When Hong Kongpotential economic, political and legal developments in ; macau adversely affect us macau Changes in the way regulatory oversight is implemented. macauthe ability of our subsidiaries to pay distributions to us; Substantial leverage and debt service. Fluctuations in exchange rates and interest rates. our ability to collect game debt; Game business win rate. Risk of Fraud and Cheating. competition; changes in tax laws; political unrest, social unrest, acts of terrorism or war. legalization of games; insurance; collectibility of outstanding loan receivables; Restrictions on cash transfers to and from our subsidiaries. restrictions on the pataca exchange market; export restrictions on the RMB.any legal proceedings, judgments or settlements that may be commenced in connection with our sales; Las Vegas real estate and operations; and our ability to continue to trade our securities on the U.S. securities markets. and other factors detailed in reports filed by Las Vegas Sands with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. Las Vegas Sands Corp. does not undertake any obligation to update such statements or information.
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