Sands China Ltd. Website

Sands China Ltd.

SEHK-1928

Company Overview

Sands China Ltd., an investment holding company, develops, owns, and operates integrated resorts and casinos in Macao. It owns and operates The Venetian Macao, The Londoner Macao, The Parisian Macao resort, The Plaza Macao, and The Sands Macao casino; the Cotai Expo, a convention and exhibition hall; and the Cotai Arena, an entertainment venue, as well as Cotai Water Jet ferry for leisure and business travelers. As of December 31, 2021, the company had 12,373 hotel rooms and suites, 151 restaurants and food outlets, 2.1 million square feet of retail malls, 1.7 million square feet of MICE space, 4 permanent theatres, a 15,000-seat arena, and casinos. It also offers ferry transportation and leasing services, and pontoon leasing; travel and tourism agency services; security services; human resources administration services; and mall management services, as well as outsourcing services, including information technology, accounting, hotel management, and marketing. The company was incorporated in 2009 and is headquartered in Taipa, Macau. Sands China Ltd. is a subsidiary of Las Vegas Sands Corp.

  • Name

    Sands China Ltd.

  • CEO

    Kwan Lock Chum

  • Website

    www.sandschina.com

  • Sector

    Hotels, Restaurants and Leisure

  • Year Founded

    2009

Company Statistics

Profile

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Bulls Say

  • Sands China is well positioned to benefit from gaming demand recovery in Macao, which will allow the company to restore its profitability meaningfully from 2024 onward.

  • Sands China is Macao's largest integrated resorts operator, with the highest room counts. This positions the company well to capture further tourism traffic recovery in Macao.

  • Sands China is dedicated to strengthening its position in the premium mass business, which will help it to capture more upside during economic recovery.

Bears Say

  • Sands China will still face harsher license-renewal terms such as shorter license duration, a requirement of nongaming investment, and a 1% increase in gaming taxes.

  • Stricter enforcement of government policies, such as visa restrictions, visitor caps, antigraft campaigns, or a smoking ban, could have a significant adverse impact on Sands China.

  • Increasingly stringent regulations, such as junket regulations, will hurt revenue and profitability of Sands China.

Source: Morningstar Analysis - Oct 23, 2025
SEHK:1928