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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 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.

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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.

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Sands China volunteers assembled 2,600 food kits for Caritas Macau, supporting community food security amid challenging times. The kits, valued at MOP 880,000, contain 18 essential food items and will assist families affected by financial difficulties and the pandemic. Over 200 team members participated in this initiative as part of the Sands Cares program, which focuses on social responsibility and community engagement. This event represents the first annual Sands Cares Food Kit Build, highlighting the company's commitment to addressing hunger and poverty in Macau.

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Sands China Ltd. participated in Earth Hour 2022, marking its 14th consecutive year of involvement. The company turned off exterior and non-essential indoor lights for an hour across all properties in Macao, including Sands Macao and The Venetian Macao. Sands China has also been observing monthly Earth Hour since 2013, contributing to significant environmental savings of 26 million kWh annually. Its sustainability efforts, part of the Sands ECO360 strategy, include notable achievements in renewable energy and emissions reduction, garnering multiple recognitions in 2021.

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Sands China Ltd. launched the new Sands Gallery in Macao on Feb. 23, 2022, featuring the debut exhibition The Innovation of Ink, showcasing works from renowned Chinese artists Wang Dongling and Xu Lei. The gallery aims to enrich the cultural scene in Macao and will host a variety of art exhibitions, focusing on promoting local and international artists. The inaugural exhibition runs from Feb. 24 to March 20, 2022, and aims to foster artistic diversity through high-level art showcases, emphasizing the integration of Chinese and Western cultures.

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Sands China Ltd. collaborated with local community groups on Dec. 16 to assemble 20,000 hygiene kits at The Venetian Macao for Clean the World, a social enterprise dedicated to hygiene and sustainability. This annual event, part of a partnership that spans eight years, aims to support children in need by providing essential supplies. The kits will be distributed through Children International in the Philippines. Sands China has contributed to building 300,000 kits over the initiative's history, emphasizing the company's commitment to corporate social responsibility.

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Las Vegas Sands Corp. announced that its subsidiary, Sands China Ltd., has priced a significant offering of senior notes totaling $1.95 billion. This includes $700 million of 2.300% senior notes due 2027, $650 million of 2.850% senior notes due 2029, and $600 million of 3.250% senior notes due 2031. The offering is set to close on September 23, 2021. The proceeds will be used to fully redeem $1.80 billion of 4.600% senior notes due 2023, along with accrued interest. Sands China aims to list the notes on the Hong Kong Stock Exchange, with no public offering in Hong Kong.

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Las Vegas Sands Corp. announces that its subsidiary, Sands China Ltd., plans to issue USD-denominated senior unsecured notes. Key parameters are to be determined at pricing. The proceeds will be used to entirely redeem its US$1.80 billion senior notes due 2023, covering accrued interest and a make-whole premium. The notes are unregistered and will only be sold to qualified institutional buyers outside the U.S. Sands China intends to list the notes on the Hong Kong Stock Exchange, but the offering is subject to change as no binding agreement is yet in place.

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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

NYSE:SCHYY

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SCHYY Stock Data

21.01B
809.34M
Resorts & Casinos
Consumer Cyclical
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United States of America
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