Sands China Receives New 10-Year Gaming License

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“Our commitment to Macao has never wavered, and we are honoured to continue the partnership we began with the government and people of Macao 20 years ago,” said Robert G. Goldstein, chairman and CEO of Sands China Ltd. (HKEx: 1928) and its parent company Las Vegas Sands Corp. (NYSE: LVS). We will stick to our strategy of continuous investment in Macao’s economy, people, and community in the coming decade and beyond. Macao’s future as an international tourism destination remains bright, and we look forward to continuing to play a leadership role in assisting it in reaching its full potential.”

“The entire company is elated at the news of our successful bid for a new 10-year gaming concession,” said Dr. Wilfred Wong, president of Sands China Ltd. We are grateful to all 25,000 members of our team for their unwavering support and dedication. Our thanks also go to the tender committee for its thorough and thoughtful review of the tender submissions. We will do everything we can to help Macao’s economic diversification and continued development as a world-class international tourism destination.”

The tender submission by Sands China in September highlighted the company’s unprecedented level of investment in Macao, particularly in non-gaming tourism amenities and attractions. It also outlined Sands China’s plans to help expand Macao’s appeal as an international tourist destination.

A summary of Sands China’s industry-leading programmes for assisting and supporting local SMEs, the strong community outreach of the Sands Cares Ambassador volunteer programme, the company’s robust charitable giving programme, and the award-winning training and development programmes that have nurtured team members to gain new skills and advance their careers were also highlights of the submission.

Furthermore, Sands China intends to strengthen many of its long-standing local talent development initiatives, such as expanding the offerings of the Sands China Academy, with the goal of creating additional opportunities for upward career mobility and increasing the percentage of locals in management positions, which currently stands at more than 90%.

“Sands China is grateful for the Macao SAR government’s guidance over the past 20 years and looks forward to being a part of this next exciting chapter in Macao’s history in the next decade and beyond,” Dr. Wong added. We are honoured to be able to continue contributing to Macao’s integration into the nation’s overall development by investing in non-gaming and helping to strengthen and promote Macao as the ultimate destination for both leisure and business travellers.”

Source: Prnewswire

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