SANDS CHINA LTD UNSP/ADR - SCHYY STOCK NEWS

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.

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.

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.

Sands China has been awarded a new 10-year gaming concession in Macao, announced by the Macao government on November 26, 2022. This provisional concession underscores Sands China's commitment to continuous investment in Macao's economy and community. The company plans to enhance non-gaming tourism and bolster local talent development, with over 90% of management roles held by locals. Leadership expressed gratitude to stakeholders, emphasizing the goal of transforming Macao into a premier international tourism destination.

The 2022 Sands Shopping Carnival, organized by Sands China Ltd., opened on September 10 in Macao, coinciding with the Mid-Autumn Festival. The carnival is free to the public, running until September 12, and features over 530 booths across 21,000 square meters, offering about 260,000 products, including special MOP 1 items. The event aims to stimulate local consumption and support the economy by providing a platform for local SMEs. With strict COVID-19 safety measures in place, the carnival expectedly enhances community engagement and economic recovery efforts in Macao.