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SANDS CHINA LTD UNSP/ADR - SCHYY STOCK NEWS

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Sands China Ltd. (HKEX: 1928) is the premier developer, owner, and operator of multi-use integrated resorts and casinos in Macao, the world's largest gaming market. As a subsidiary of Venetian Macau Limited, they hold one of six concessions to operate casinos in Macao, owning iconic properties like The Venetian® Macao and Sands® Macao. Sands China focuses on sustainability, as evidenced by their partnership with Clean the World, diverting over 300 tons of hotel amenities from landfills since 2014.

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Sands China organized a five-day Macao Technological Innovation Exploration in Lisbon from Nov. 11-15, bringing 17 Macao enterprises to Portugal. The initiative, co-organized with the Macao Economic and Technological Development Bureau and supported by the Macao Science and Technology Development Fund, aimed to promote technological innovation in Macao.

The delegation attended the Web Summit, a major tech conference with 70,000 participants from 150 countries, focusing on sustainability, AI, and robotics. They also visited innovative companies including Outsystems, Sensei Tech, and Unicorn Factory. The trip concluded with a Concrete Opportunities Workshop exploring innovation methodologies and collaboration opportunities.

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Sands China hosted a joint event at The Parisian® Macao, combining the Sands Supplier Excellence Awards and the graduation ceremony for the 15th and 16th cohorts of its Sands Procurement Academy. Seven suppliers were recognized for excellence across different categories, while 73 local SMEs graduated from the academy program. The event highlighted Sands China's commitment to supporting local businesses, with the academy having trained 559 suppliers since its 2017 founding.

The company showcased 138 success stories of SME partnerships and hosted a networking session. Notably, Sands China reported a total procurement spend of MOP 10.3 billion in 2024, with 29 percent allocated to local SMEs.

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Sands China and community partners assembled over 30,000 hygiene kits for Clean the World in one day at The Venetian Macao. 350 volunteers, including Sands Cares Ambassadors and members from four local organizations, participated in this 11th annual initiative. The kits, containing recycled hotel amenities and essential hygiene supplies, will be distributed to 15 community groups in Philippines, Hong Kong, and Macao. Since 2014, Sands China has diverted over 330 tons of hotel amenities from landfills and produced 385,700 hygiene kits through this sustainability program.

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Sands China and Marriott International are set to introduce the first Luxury Collection Hotel in Macao. The Londoner Grand, located within The Londoner® Macao, aims to offer guests a unique blend of British charm and Macanese culture. Designed by Peter Silling & Associates, the hotel features Georgian-inspired architecture with elegant rooms and suites reminiscent of London's Mayfair district.

The hotel will add 2,405 rooms and suites to The Londoner Macao, along with five new dining concepts. These include Hampton Court (international and Chinese buffet), Chelsea Garden (all-day dining), The Conservatory (dim sum, tearoom, confectionery, and British pub), and two signature Chinese restaurants. This expansion aims to enhance The Londoner Macao's position as a premier resort destination for both business and leisure travelers, supporting Macao's status as a World Centre of Tourism and Leisure.

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Marriott International and Sands China have signed an agreement to introduce The Luxury Collection brand to Macao. The Londoner Grand, a Luxury Collection Hotel, Macao is set to open in January 2025, offering 2,405 rooms and suites designed with Georgian-inspired architecture. Located on the Cotai Strip, the hotel will be near key attractions and feature five distinct dining concepts.

The hotel's interior design, led by Peter Silling & Associates, will emphasize elegant spaces with traditional paneling, linear headboards, and marble bathrooms. Suites will be decorated with art inspired by London's Mayfair district, and some will include terraces, kid rooms, media rooms, and private pools.

This collaboration between Marriott International and Sands China aims to elevate Macao's luxury hospitality landscape and expand The Luxury Collection's footprint in the region.

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Sands China has achieved Top 1% rankings in both the China and Global editions of the S&P Global Sustainability Yearbook 2024, highlighting its exceptional ESG performance. The company, with its 26,000 team members, is the only one in the Casinos & Gaming industry to receive this distinction. Sands China was among 12 companies out of 1,700 assessed in China and 66 out of 9,400 globally to achieve Top 1% ESG performance.

Key achievements include:

  • 2.33 million hours of workforce training in 2023
  • 17.5% reduction in gas emissions ahead of schedule
  • 310,000+ hours of voluntary community service

The company's ESG efforts are executed under its corporate responsibility pillars: People, Community, and Planet. Sands China has also been listed in the Dow Jones Sustainability Indices (DJSI) World and Asia Pacific for the second and third consecutive year, respectively.

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Sands China has announced the winners of its Entrepreneurship Recruitment Programme for Rua das Estalagens, part of the company's ongoing Community Revitalisation Series. The programme aims to fund innovative business proposals from Macao residents to revitalize the historic street's economy. Out of 128 applications, seven business plans were selected to receive subsidies up to twice their initial capital investment, capped at MOP 1 million. The selected projects cover various categories including dining, retail, and cultural industries. Sands China collaborated with government bodies, businesses, and NGOs for this initiative, which aligns with the Macao SAR government's development strategy. The company plans to launch a second phase based on the neighborhood's situation and store operations.

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The 2024 Sands Shopping Carnival in Macao set a new record with 120,000 visits over four days, supporting the government's 'tourism+' initiative. The event featured over 580 booths, including 325 dedicated to local SME suppliers. Highlights included:

- MOP 1 products and up to 90% discounts from international brands
- Free shuttle service and parking
- Sands Cares Ambassadors accompanying community groups
- Food Court with social enterprises
- Cultural and Creative zone with 10 community organizations
- Talent contests attracting Greater Bay Area participants
- Eco-friendly initiatives aligned with Sands ECO360 strategy

The carnival has welcomed over 540,000 visitors since its 2020 debut, becoming an annual signature event for Sands China and supporting Macao's economic revival efforts.

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Sands® Macao celebrated its 20th anniversary on May 16, 2024, marking two decades since its opening in 2004. The ceremony celebrated Sands Macao's role in transforming Macao into a prime tourism and leisure destination. The event featured performances by local artists and highlighted the property's significant impact on the region's tourism industry.

Since its inception, Sands Macao has paved the way for its sister properties on the Cotai Strip, contributing to the 950 million visits recorded by Sands China's five properties. The company now boasts over 12,000 hotel rooms, 150 dining options, 720 duty-free shops, and multiple entertainment venues.

During the celebration, executive vice chairman Dr. Wilfred Wong expressed gratitude to the Central People's Government and the Macao SAR Government, emphasizing the company's commitment to innovation and economic diversification. Internal celebrations with over 1,200 founding team members and community events with the Fuhong Society of Macau were also part of the festivities.

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Sands China Ltd. honored outstanding suppliers at the Sands Supplier Excellence Awards and recognized graduating local SMEs at the Sands Procurement Academy. The company recognized 69 local SMEs for completing the academy's training programme, bringing the total to 485 graduates since 2017. The academy, co-organized with the Macao Chamber of Commerce and CPTTM, aims to help local SMEs gain experience and capacity for working with large-scale international corporations. Sands China also highlighted the success stories of some of its local SME suppliers.
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FAQ

What is the current stock price of SANDS CHINA UNSP/ADR (SCHYY)?

The current stock price of SANDS CHINA UNSP/ADR (SCHYY) is $27.52 as of December 20, 2024.

What is the market cap of SANDS CHINA UNSP/ADR (SCHYY)?

The market cap of SANDS CHINA UNSP/ADR (SCHYY) is approximately 21.0B.

What is Sands China Ltd. known for?

Sands China Ltd. is renowned for being the leading developer, owner, and operator of integrated resorts and casinos in Macao, the world's largest gaming market.

How does Sands China contribute to sustainability?

Sands China partners with Clean the World to divert over 300 tons of hotel amenities from landfills since 2014, demonstrating a commitment to environmental responsibility.

What properties does Sands China own?

Sands China owns prominent properties like The Venetian® Macao and Sands® Macao, contributing significantly to their presence in the Macao gaming market.

What is the significance of the partnership with Clean the World?

The partnership with Clean the World showcases Sands China's dedication to community impact, as they help distribute hygiene kits to those in need globally.

How does Sands China support global NGOs through their initiatives?

Sands China supports global NGOs by recycling soap bars and plastic amenities, donating essential supplies to communities worldwide through initiatives like Clean the World.

Why is sustainability a focus for Sands China?

Sands China prioritizes sustainability to reduce their environmental impact and contribute positively to global initiatives, such as waste diversion and hygiene kit distributions.

What role does Sands China play in the Macao gaming market?

Sands China holds a significant position in the Macao gaming market, operating under one of the six concessions or subconcessions allowed by the Macao government.

How does Sands China engage with the local Macao community?

Sands China engages with the local Macao community through initiatives like Sands Cares, which focuses on charitable giving, volunteerism, and community collaboration.

What is the mission of Sands Cares?

Sands Cares, the charitable giving programme of Sands China's parent company, Las Vegas Sands Corp., aims to make a positive impact through financial giving, community engagement, in-kind donations, and volunteerism.

How can individuals get involved with Sands China's sustainability efforts?

Individuals can get involved with Sands China's sustainability efforts through initiatives like the Sands Cares Ambassador programme, charitable contributions, and community event sponsorships.

SANDS CHINA LTD UNSP/ADR

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21.01B
809.34M
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