Sands China Awarded New 10-Year Gaming Concession

The Sands China group has been awarded a new 10-year gaming concession in Macao, as announced by the Macao government Saturday. The concession is awarded on a provisional basis, subject to finalising and entering into a new gaming concession contract with the Macao SAR.

“Our commitment to Macao has never wavered and we are honoured to continue the partnership we began with the government and people of Macao 20 years ago. In the coming decade and beyond, we will remain steadfast in our strategy of continuous investment in Macao – in its economy, its people and its community. Macao’s future as an international tourism destination remains bright and we look forward to furthering our leadership role in helping it reach its full potential,” Robert G. Goldstein, chairman and chief executive officer of Sands China Ltd, said.

“The entire company is elated at the news of our successful bid for a new 10-year gaming concession. We are grateful to each of our 25,000 team members for their tireless support and dedication. Our gratitude also goes to the tender committee for its meticulous and thoughtful consideration of the tender submissions. We will do our utmost to further contribute to Macao’s economic diversification and its continuing development into a world-class international tourism destination,” Dr. Wilfred Wong, president of Sands China Ltd, said.

Sands China’s tender submission in September highlighted the company’s unprecedented level of investment in Macao, particularly in the area of non-gaming tourism amenities and attractions. It also detailed Sands China’s plans to help broaden the appeal of Macao as an international tourist destination.

“Sands China is thankful for the guidance of the Macao SAR government over the past 20 years and looks forward to being part of this next exciting chapter in Macao’s history in the next decade and beyond. We are honoured to have the opportunity to continue contributing to Macao’s integration into the overall development of the nation, investing in non-gaming, and to helping strengthen and promote Macao as the ultimate destination for both leisure and business travellers,” Dr. Wong added.