SANDS CHINA LTD News

Macau has been selected as Malaysia's most popular international destination.

Malaysia will host the "2025 Malaysia International Tourism Expo" from the 18th to the 20th of this month, during which Macau is recommended as the "most popular international destination." According to data from the Macau Statistics and Census Service, over 0.181 million Malaysian visitors to Macau were recorded last year, representing an 82% year-on-year increase. Additionally, the Macau Tourism Office, in collaboration with the Malaysian Tourism and Travel Agents Association, will welcome the Malaysian tourism industry delegation to Macau to participate in the "13th Macau International Tourism (Industry) Expo and related activities" from the 25th to the 27th of this month, aiming to attract more Malaysian tourists to visit Macau, solidify the Southeast Asian market, and expand the country's presence.

AASTOCKSApr 22 10:31

During the Easter long weekend, Macau welcomed 0.52 million inbound travelers.

According to reports from Macao Radio, the Macao Security Police announced that during the Easter holiday weekend (from April 18 to 21), Macao had nearly 1.05 million travelers entering and exiting, with 0.52 million inbound travelers and nearly 0.53 million outbound travelers, mainly passing through the Border Gate and the Hong Kong-Zhuhai-Macao Bridge. During this period, a total of 2.825 million people entered and exited Macao at various ports. Yesterday (21st), over 0.659 million people were recorded entering and exiting at all of Macao's ports, with 0.21 million travelers, of which more than 0.11 million were outbound travelers.

AASTOCKSApr 22 09:14

Macau Seen to Experience Budget Deficit Should Gambling Revenue Fall, Chief Executive Says

MT NewswiresApr 21 11:35

The 10th anniversary celebration event of the Sands China Local SMEs Procurement Cooperation Program ─ Open Day for SMEs Suppliers.

Macau, April 17, 2025 /PR Newswire/ -- Sands China held a local SME supplier open day at The Londoner Macao on Thursday as one of the celebrations for the 10th anniversary of its local SME procurement partnership program, attracting a total of 250 local suppliers. A group of distinguished guests attended the Sands China local SME supplier open day at The Londoner Macao on Thursday; the event is one of the celebrations for the 10th anniversary of its local SME procurement partnership program. Sands China launched the "Local SME Procurement Partnership Program" with the Macau Chinese General Chamber of Commerce in 2015, aiming to facilitate more current...

PR NewswireApr 17 22:10

Hong Kong market quick view | All three major indices rose, with the Technology Index up nearly 2%; Network Technology stocks surged, with NetEase increasing over 4% and Alibaba rising over 3%; new Consumer stocks performed excellently, with Mixue Group a

Several Network Technology stocks rose, with NTES-S increasing by 4.56% and Alibaba rising by 3.13%; Alcoholic Beverages stocks generally went up, with PALINDA GROUP dropping by 9.52% and CHINA RES BEER increasing by 4.10%; Sporting Goods stocks surged, with POU SHENG INT'L rising by 4.35% and XTEP INT'L increasing by 4.03%.

Futu NewsApr 17 16:26

Hong Kong stocks have shown unusual movements | Macau Casino stocks continue to decline, MELCO INT'L DEV (00200) fell over 3%, and Morgan Stanley pointed out the short-term downside risks for Macau Casino stocks.

Macau Casino stocks continue to decline. As of the time of writing, MELCO INT'L DEV (00200) is down 3.44% at 3.37 HKD; Sands China (01928) has dropped 2.74% to 12.8 HKD.

Zhitong FinanceApr 16 14:20

According to Morgan Stanley, the outlook for tax revenue in Macau this year is weak, and there are short-term downward risks for the gaming stocks.

Morgan Stanley released a report indicating that the 2025 policy report for Macau shows weak revenue outlook, consistent with the overall economic slowdown in China. The bank's economists have lowered China's 2025 real GDP growth forecast from 4.5% to 4.2%. The report notes that per capita Consumer spending in Macau continues to decline, reflecting weak demand, which is difficult to recover in the short term. The Gambling industry faces challenges, with EBITDA expected to decline by 5% year-on-year in the first quarter of 2025, despite total Gambling revenue increasing by 1% year-on-year, indicating negative operating leverage and declining profit margins. The bank believes there are short-term downward risks for Macau's casino stocks, but over the next 12 months, Sands China.

AASTOCKSApr 16 10:16

Cen Haohui: If Macau's monthly gambling revenue only records 15 billion patacas, it will face a fiscal deficit. Changing the tax structure in the short term is difficult, but it must be implemented.

Macao's Chief Executive Ho Iat Seng stated on Tuesday (the 15th) at the Legislative Council's Q&A session that the structural imbalance in Macao's finances is severe, with significant pressure from rigid expenditures. In this year's budget, regular expenditures account for about 115 billion Macao patacas (the same below). Among these, personnel expenses are the largest, accounting for about 30.26 billion patacas, covering salaries and allowances. He expects that this year, Gambling tax revenue will be about 93.1 billion patacas, accounting for about 81% of fiscal revenue, and is concerned that if Gambling tax revenue only reaches 15 billion patacas monthly, Macao will face a budget deficit. Ho Iat Seng mentioned that a study has been requested on the contribution ratios of various industries and taxes in normal economies, and pointed out Macao.

AASTOCKSApr 16 08:53

Major bank rating | Credit Lyonnais: Downgrades the forecast for this year's EBITDA in the Macau Gambling Industry, with GALAXY ENT and Sands China as the top picks.

Lyon published a report on the Gambling Industry in Macau, indicating that the gambling revenue in the first quarter of this year increased by 0.6% year-on-year to 56.7 billion Macanese patacas, only 75% of the level in the first quarter of 2019. Although the number of visitors to Macau in the first two months of this year increased by 10% year-on-year to 6.7 million (equivalent to 97% of the same period in 2019), the growth in gambling revenue has shown a slowdown. The bank has adjusted its revenue forecasts for Macau for 2025 and 2026 down by 2.1% and 2.3% respectively, expecting that Macau's gambling revenue will grow by 1.8% to reach 230.8 billion Macanese patacas in 2025, and increase by 10.2% to reach 254.3 billion Macanese patacas in 2026. The bank forecasts Macau.

Gelonghui FinanceApr 15 17:00 · Ratings

Hong Kong market quick review | The three major indices had mixed results, with the Hang Seng Index rising by 0.23%, marking six consecutive increases; Home Appliances stocks performed actively, with HISENSE HA rising by 6%; MINISO increased by nearly 4%.

Network Technology stocks rose together, with KUAISHOU-W up 1.69% and Alibaba-W up 1.57%; Apple Supplier stocks generally fell, with AAC TECH down 5.46% and Q TECH down 2.88%; Most Hong Kong Retail Stocks declined, with MILAN STATION up 6.60% and PRADA down 4.18%.

Futu NewsApr 15 16:24

In the report "Big Action", Leon listed the recent market share forecasts for the gambling stocks in Macau (table).

Lyon published a report listing the predicted market share for gambling stocks in recent quarters: Stock │ Q4 2024 │ Q1 2025 GALAXY ENT (00027.HK) │ 19.8% │ 19.2% SANDS CHINA (01928.HK) │ 23.1% │ 22.6% A-MAX (00880.HK) │ 13.6% │ 14.0% MGM CHINA (02282.HK) │ 15.7% │ 15.8% WYNN MACAU (01128.HK) │ 13.0% │ 12.5% NEW WORLD (MLCO.US) │ 14.8% │ 15.8%

AASTOCKSApr 15 15:50

In "The Big Report" by Lyon: Macau's gaming revenue growth is slowing down, lowering the Target Price of casino stocks, with Silver Entertainment (00027.HK) and Sands China (01928.HK) as the top picks.

Lyon released a report on the gambling industry in Macau, indicating that Macau's gaming revenue in the first quarter of this year rose by 0.6% year-on-year to 56.7 billion patacas, only 75% of the levels seen in the first quarter of 2019. Despite a 10% year-on-year increase in visitor numbers to Macau in the first two months of this year, reaching 6.7 million (equivalent to 97% of the same period in 2019), revenue growth has slowed. Due to escalating trade tensions between China and the United States, consumer confidence in China faces challenges, and with the weakening of the renminbi, Macau's revenue growth is expected to remain sluggish through 2025. The bank has revised its revenue forecasts for Macau downward by 2.1% and 2.3% for 2025 and 2026 respectively.

AASTOCKSApr 15 15:49

Morgan Stanley: Downgraded BEST PACIFIC's Target Price to HKD 3.4, maintaining a "Shareholding" rating.

CITIC Securities published a Research Report stating that despite a year-on-year growth of 0.6% in Macau's total Gambling revenue (GGR) in the first quarter of 2025, the overall profit margin decline is expected to lead to a year-on-year decrease of 6% in Macau's Gambling EBITDA, reaching 1.897 billion USD. Currently, the expected EV/EBITDA trading multiple for the industry in 2026 is 7.2 times. The bank prefers GALAXY ENT (00027) and Sands China (01928). The bank expects that the total Gambling revenue growth for 2025 will remain nearly stagnant, lowering the annual growth expectation from 4% to 2%, which is 1 percentage point lower than institutional expectations, while adjusting down by 2.

Sina Hong Kong StocksApr 15 13:45

Hong Kong stock midday commentary | The three major Indices opened high and fell, with the technology index dropping nearly 1%; Consumer stocks performed actively, with Wei Long Delicious rising nearly 5% to set a new high, and Anta rising over 3%.

Network Technology stocks fluctuated, with NTES-S down 1.75% and Alibaba-W up 1.29%; Casinos and Gaming stocks saw many declines, with PARADISE ENT up 5.52% and GALAXY ENT down 3.57%; Apple Supplier stocks experienced many declines, with AAC TECH down 4.09% and BYD Electronics down 2.21%.

Futu NewsApr 15 12:18

Citi Research: Downgraded the 2025 forecast for total Gambling revenue in Macau, with a preference for GALAXY ENT and others.

CITIC Lion released a Research Report stating that although the total gambling revenue in Macau (GGR) is expected to increase by 0.6% year-on-year in the first quarter of 2025, the overall profit margin decline will lead to a projected 6% year-on-year decrease in Macau's gambling industry EBITDA to $1.897 billion. Currently, the expected EV/EBITDA trading multiple for the industry in 2026 is 7.2 times. The preferred choices are GALAXY ENT (00027) and Sands China (01928). The bank expects the total gambling revenue growth for 2025 to remain nearly stagnant, lowering its annual growth forecast from 4% to 2%, which is 1 percentage point lower than the Institutions' expectation.

Sina Hong Kong StocksApr 15 10:58

Hong Kong stocks volatility | Macau Casino stocks fell across the board, GALAXY ENT (00027) dropped over 4% during the session. Citigroup indicated that the slowdown in Macau's gaming revenue in April was not unexpected.

Macau Casino stocks fell sharply. As of the time of writing, GALAXY ENT (00027) is down 3.75%, priced at HKD 26.95; Sands China (01928) is down 2.98%, priced at HKD 13.02; SJM HOLDINGS (00880) is down 1.85%, priced at HKD 2.12.

Zhitong FinanceApr 15 10:27

CITIC Liye: Reduces the forecast for Macau's total Gambling revenue growth in 2025, with a preference for GALAXY ENT (00027) and others.

The bank expects that the total Gambling revenue growth in 2025 will remain nearly stagnant, with the full-year growth forecast adjusted down from 4% to 2%, which is 1 percentage point lower than Institutions' expectations.

Zhitong FinanceApr 15 10:04

Macau Casino stocks are generally weak; GALAXY ENT (00027) dropped by 3.21%. The Macao policy report indicates that the recovery of gambling is slowing down.

Jinwu Financial News | Macau Casino stocks are generally weak, with GALAXY ENT (00027) down 3.21%, SANDS CHINA (01928) down 1.94%, MELCO INT'L DEV (00200) down 1.40%, SJM HOLDINGS (00880) down 0.93%, MGM CHINA (02282) down 0.83%, and WYNN MACAU (01128) down 0.80%. The Chief Executive of Macau, Ho Iat Seng, pointed out in his first policy address during his term that the post-pandemic recovery momentum in the tourism and gaming industry is gradually slowing, and the fiscal revenue for this year may not be as optimistic as expected, with some new larger expenditures not included in the previously announced financial budget.

Jinwu Financial NewsApr 15 10:02

Chan Ho-fai: The shortfall in Macau's gaming tax revenue affects the fiscal foundation, and there is a consensus in society to optimize the cash Share system.

Macao Chief Executive Ho Iat Seng issued the first Policy Address of his term on the 14th, mentioning that the ongoing US-China tariff war will inevitably impact the spending power of visitors to Macao. If the renminbi adjusts downward in response to the situation, dragging down the purchasing power of mainland travelers, it will significantly affect Macao's tourism and gaming industry. He revealed that currently, Macao's gaming tax revenue has not met targets, which will affect the local fiscal base, thus requiring adjustments to the budget. Regarding the cash Share system, Ho Iat Seng stated that the cash Share system in Macao has distributed funds 17 times since 2008, involving a total of 92.1 billion Macao patacas. Currently, the cash Share system provides 0.01 million Macao patacas to permanent residents; non-permanent residents...

AASTOCKSApr 15 09:28

Chan Ho-fai: The new Gambling law has clear regulations for Satellite venues, urging gambling companies to take responsibility and develop contingency plans early.

The three-year transition period for the Satellite casinos in Macau will expire at the end of this year, and the local gaming industry as well as various sectors of society are closely monitoring the situation in hopes of an early solution. Macau's Chief Executive, Ho Iat Seng, stated on Monday (14th) that the Satellite casinos are not a new issue, and the new gaming law has very clear and detailed regulations regarding the handling of Satellite venues. The Macau government will also implement the relevant provisions according to the law at the appropriate time. Ho Iat Seng also indicated that the handling of the Satellite venues is not arranged by the Macau government, urging the gaming companies that own the Satellite venues to take responsibility and to formulate plans to address the related issues in accordance with the law as soon as possible.

AASTOCKSApr 15 09:22