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Sands China posted a loss of MOP12.6 billion last year as casino revenue fell 52.3% year-on-year to 2021 due to falling visitor numbers and COVID-19-related travel restrictions. The company’s net revenues sank 44.2% to MOP12.5 billion.
However, in the latest report submitted to the Hong Kong stock exchange, Sands China President and CEO Robert Goldstein says he is confident that the company and Macau are emerging from a challenging period “with unwavering optimism for the future”.
Sands China adds that under the new gaming contract, it has an investment plan that amounts to MOP30 billion by 2032 and that over MOP27 billion will be channelled to non-gaming areas.
The optimisation of the Cotai arena – with sports and entertainment events in mind – the creation of new international restaurants and an experience with yachts and maritime tourism are some of the projects.
