Sands China Limited (“Sands China”) announced on April 18, 2024 its controlling shareholder Las Vegas Sands Corp. (“LVS”) financial results for the first quarter ended March 31, 2024. LVS is listed on the New York Stock Exchange in the United States and holds approximately 70% of the shares in Sands China. Sands China's first-quarter net income increased 42% to US$18 billion over the same period last year, with net revenues of US$2.97 million and a net loss of US$1 million for the same period last year. Adjusted Property EBITDA was $6.1 billion, an increase from $3.98 million in the same period last year. The total capital expenditure was US$1.96 million, of which the Macao portion was US$9 million. Robert Goldstein, Chairman and Chief Executive Officer of...Show More

Sands China Limited (“Sands China”) announced on April 18, 2024 its controlling shareholder Las Vegas Sands Corp. (“LVS”) financial results for the first quarter ended March 31, 2024. LVS is listed on the New York Stock Exchange in the United States and holds approximately 70% of the shares in Sands China. Sands China's first-quarter net income increased 42% to US$18 billion over the same period last year, with net revenues of US$2.97 million and a net loss of US$1 million for the same period last year. Adjusted Property EBITDA was $6.1 billion, an increase from $3.98 million in the same period last year. The total capital expenditure was US$1.96 million, of which the Macao portion was US$9 million. Robert Goldstein, Chairman and Chief Executive Officer of LVS, said that the strong growth in the Macao and Singapore markets was pleased and looked forward to future growth opportunities in both markets. Sands China's recovery in Macau continues and will continue to invest to support Macau's development as a world centre for business and leisure tourism. Patrick Dumont, President and Chief Operating Officer of LVS, noted that the capital investment project at Londoner Macau and the Golden Light Gallery will strengthen the company's market leadership position.