Sands China Chairman to Step Down in March 2026

MT Newswires20:08 ET

SANDS CHINA LTD (01928): Robert Goldstein will resign as chairman.

SANDS CHINA LTD (01928) announced that Robert Glen ...

Zhitong Finance17:42 ET

[Brokerage Focus] Morgan Stanley indicates that Macau's gambling revenue in February exceeded expectations and forecasts a 3.3% year-on-year increase in total gambling revenue for March.

Jinwu Financial News | Morgan Stanley issued a Research Report indicating that in February, Macau's Gambling revenue increased by 7% year-on-year to 19.7 billion Macau Patacas, surpassing the bank's and market expectations. In the first two months of this year, the total Gambling revenue in Macau remained flat year-on-year, reaching 76% of 2019 levels, with a slower recovery compared to the fourth quarter of last year (80% in 2019). It is expected that Macau's total Gambling revenue will rise by 3.3% year-on-year to 20.1 billion Macau Patacas in March, driving first-quarter Gambling revenue up by 1% year-on-year to 58.1 billion Macau Patacas. The bank is Bullish on Sands China (01928) and MGM CHINA (02282). The bank believes that the former will benefit from the opening of The Londoner and dividend distributions.

Jinwu Financial NewsMar 2 23:15 ET

Express News | Macau Says February Gambling Revenue up 6.8 Pct From a Year Earlier to 19.7 Bln Patacas

ReutersFeb 28 23:45 ET

【Brokerage Focus】CITIC SEC indicated that Macau's GGR in February is expected to show a "long tail effect."

Jinwu Financial News | CITIC SEC stated that in the first seven days before the Spring Festival holiday in 2025 (from the first to the seventh day of the first lunar month), the total inbound passenger flow to Macau has recovered to 98% of the same period in 2019, consistent with the expectations for Q4 2024. However, due to the high proportion of family travel in the Macau tourism market during the Spring Festival holiday, the gambling market has been experiencing "crowded but not profitable" conditions, leading to a noticeable adjustment in the sector due to slightly weaker gambling data. The firm observed a significant warming in demand after the Spring Festival holiday, with February GGR expected to show a "long tail effect", predicting that the combined GGR for January and February will remain flat compared to the same period in 2024. The firm believes that the recent sector adjustment has fully reflected this.

Golden Sentinel Finance NewsFeb 26 19:58 ET

[Brokerage Focus] China Securities Co.,Ltd. maintains a "Shareholding" rating on Sands China Limited (01928), indicating that its market share and overall Operation performance are expected to continue improving.

Jinwu Financial News | China Securities Co.,Ltd. Research Reports indicate that Sands China (01928) expects a total net income of 7.08 billion USD in 2024, up 8.4% year-on-year. Net income attributable to shareholders is 1.045 billion USD, a year-on-year increase of 51.0%. Adjusted EBITDA is 2.329 billion USD, up 4.7% year-on-year. In Q4 2024, the impact of the peak renovation period is noted, but this peak period has gradually passed, and the adjusted EBITDA rate in Q4 2024 remains basically stable. Recently, the company anticipates that through steady nurturing it will achieve an increase in market share, with expectations of property development and the gradual release of reception capacity leading to a clustering effect of customer flow.

Jingwu Financial NewsFeb 25 03:12 ET