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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 Ltd. (LVS) has assembled over 356,000 hygiene kits since 2014, diverting 300 tons of hotel amenities from landfills. The company's partnership with Clean the World helps distribute essential hygiene supplies to populations in need worldwide, with a focus on providing emergency response kits during crises and disasters.
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Sands China Ltd. (LVS) supported the 70th Macau Grand Prix with community outings, themed activities, and concerts at The Venetian® Macao and the historic Iec Long Firecracker Factory. President Dr. Wilfred Wong emphasized the company's commitment to promoting Macao as a world center of tourism and leisure.
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Sands China Ltd. - Annual Sands Shopping Carnival 2023 Kicks Off as Part of Macao's 'Tourism+' Initiative. The event supports local SMEs and Macao retailers, offering a free business platform. The carnival provides a fun weekend hotspot for residents and tourists, contributing to Macao's status as a world center of tourism and leisure. The event features over 580 booths across 21,000 square meters, offering more than 260,000 products and some of the best deals in town, including special daily MOP 1 products and huge discounts of up to 90% off on international brands. It is organized by Sands China Ltd. and co-organized by the Macao Chamber of Commerce, with the full support of the Macao government.
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The Londoner Macao completes its ambitious redesign and celebrates the start of a new 10-year gaming concession. Sands China pledges to invest $3.7 billion in Macao over the next decade. The integrated resort offers five lavish hotels, three spas, four health clubs, over 20 dining options, and state-of-the-art conference facilities. The Londoner Macao is seamlessly connected to other Sands China resorts in Cotai.
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Las Vegas Sands and Sands China host grand celebration at The Londoner Macao, marking new era for Cotai Strip
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Sands China, a subsidiary of Las Vegas Sands Corp. (LVS), marked its 9th consecutive year participating in a global initiative by assembling 28,500 hygiene kits on December 12, 2022. The event, held at The Venetian Macao, involved approximately 250 volunteers and aimed to support Clean the World, an organization distributing hygiene supplies to those in need. Since 2014, over 328,000 kits have been created, highlighting Sands China's commitment to corporate social responsibility and community well-being.

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Sands China Ltd., a subsidiary of Las Vegas Sands Corp. (NYSE: LVS), has secured a new 10-year gaming concession in Macao. The company plans to invest MOP 30 billion (USD 3.75 billion) by 2032, with MOP 27.8 billion (USD 3.5 billion) earmarked for non-gaming projects. Key investment areas include expanding convention facilities, creating a garden-themed attraction, and enhancing entertainment offerings. Sands aims to support Macao's economy and tourism while developing local talent through six new academies.

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Sands China recently finalized a 10-year gaming concession contract, having received a provisional concession from the Macao SAR government on November 26. CEO Robert G. Goldstein emphasized the company's commitment to investing in Macao's development and tourism. Sands China plans to enhance Macao's appeal as a tourist destination and support local SMEs and community initiatives. The press release also highlights significant investment in non-gaming sectors, aiming for a diversified tourist experience. The company is optimistic about its role in supporting Macao's economic growth.

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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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SCHYY Stock Data

21.01B
809.34M
Resorts & Casinos
Consumer Cyclical
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