Sands China Ltd. Stock News

Matthew Ossolinski, chairman of Ossolinski Holdings, says MGM China and Wynn Macau are the "most attractive" in terms of their valuation and growth pipelines.

Casino operator Las Vegas Sands Corp. to concentrate on re-investing in Macau and Singapore, but is open to development opportunities elsewhere, according to Grant Chum, chief operating officer at sub

S&P Global Ratings lowered the issuer credit rating on Las Vegas Sands <> and subsidiary Sands China <> to BB+ from BBB-

Is The Bottom In? Macau Casino Stocks Rally Most In Years After Gaming Bill Eases Concerns Shares of Macau casino operators jumped the most in six years on Monday after officials in the gaming city introduced less harsh than expected rules, removing a lot of uncertainty that could increase the sector''s valuation. Last Friday, Macau gaming officials proposed measures that would limit gaming licenses to six, and the duration of the license would be shortened to 10 years from 20. Initially, investors feared the licenses would only be five years. The rules reduce the extension periods on licenses and increase domestic ownership of casinos to 15% from 10%. Also, the tax rate of casinos would stay the same and would not require a government official to sit on the company''s board. The rule lifts a massive overhang for casino stocks that have been trashed over the past year. On Monday, casino shares listed in Hong Kong jumped as much as 12%, the most significant daily increase in six years. Wynn Macau Ltd., Sands China Ltd., and Galaxy Entertainment Group Ltd were some of the largest movers on the session.

Sands China Ltd (SCHYY) jumped another 14% in Monday trading in Hong Kong to follow on Friday''s big jump of more than 20%. Read more on LVS stock.

Macau has successfully hosted the 2021 Global Partner Summit by Trip.com Group, with the support of Sand China Ltd. Trip.com Group chose Macau to host the event as it is one of the very few overseas destinations open to Chinese travelers, and because it is considered the safest travel destination during the pandemic. The summit []

Sands China Ltd. (OTCMKTS:SCHYY) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 19,000 shares, an increase of 363.4% from the November 15th total of 4,100 shares. Based on an average daily volume of 188,100 shares, the short-interest ratio is []

As a leading integrated resort developer in one of the world’s tourism hotspots, Sands China strongly believes in the power of community – upholding the company’s unique approach in delivering a full array of offerings that address the needs of society. Committed to giving back to the local community, the company has always prioritized working […]

Sands China internships offered to over 200 fresh graduates in two years MACAO , Dec. 2, 2021 /PRNewswire/ -- Sands China Ltd. held a sharing session for its interns and team members Nov. 11 at The Parisian Macao, featuring five VIP speakers, including Wong Chi Hong , director of the Macao Labour Affairs Bureau. The sessions guest speakers share their experience and insights on youth employment, career planning, youth entrepreneurship, and youth development in the Greater Bay Area, via a roundtable discussion. They also encouraged attendees to learn more about their strengths and weaknesses and to equip themselves with the knowledge and skills needed to make contributions to the development of Macao and the mainland. Wong Chi Hong (left), director of the Macao Labour Affairs Bureau, presents a certificate of appreciation to Dr. Wilfred Wong (right), president of Sands China Ltd., to show the Bureaus gratitude for Sands Chinas full support to the fresh university graduate internship programme.

Macau Casino Stocks Tumble After Top Gambling Boss Arrested Shares in Macau casino operators fell Monday after a top gambling boss was arrested over illegal virtual betting activities, according to Bloomberg . Macau''s judiciary police announced they arrested Suncity Group Holdings Ltd. CEO Alvin Chau after he established overseas gambling platforms and carried out illegal virtual betting activities. Chau, along with others, admitted to some wrongdoing but overall declined to cooperate with authorities. In total, a group of eleven people was arrested. Chau''s arrest is the first time a high-profile casino boss has been targeted. The news sent casino shares in Hong Kong tumbling in the overnight session. MGM China Holdings Ltd. dropped 10%, while Wynn Macau Ltd. sank 7.8%. Sands China Ltd. and Galaxy Entertainment Group Ltd. fell 5%. Shares of Suncity were halted. In September, Beijing cracked down on casino operators with increased government supervision. The authorities intended to increase oversight on the world''s largest gambling hub and deter money laundering and currency outflows.

HONG KONG Macau casino stocks slid on Monday, rattled by the arrests of 11 people over alleged links to cross-border gambling and money laundering, with the founder of the gaming hubs biggest junket operator among those detained. Shares in MGM China plunged 10%, while Wynn Macau lost 7.8% and Sands China fell 5.3% as []

MACAU, Nov. 26, 2021 /PRNewswire/ -- Sands China Ltd. has been recognised by the S&P Dow Jones Indices by qualifying as a constituent of the Dow Jones Sustainability Asia Pacific Index, making it the only integrated resort company

Sands China (OTCMKTS:SCHYY) was upgraded by equities researchers at Credit Suisse Group from a neutral rating to an outperform rating in a research note issued to investors on Wednesday, The Fly reports. Separately, JPMorgan Chase & Co. upgraded shares of Sands China from an underweight rating to a neutral rating in a research note on []

Sands China (OTCMKTS:SCHYY) was upgraded by Zacks Investment Research from a sell rating to a hold rating in a report issued on Thursday, Zacks.com reports. According to Zacks, Sands China Ltd. operates as a developer, owner and operator of integrated resorts and casinos in Macau and is a subsidiary of Las Vegas Sands Corp. The []

Sands China (OTCMKTS:SCHYY) was upgraded by analysts at JPMorgan Chase & Co. from an underweight rating to a neutral rating in a research report issued on Friday, The Fly reports. Separately, Zacks Investment Research lowered shares of Sands China from a hold rating to a sell rating in a research report on Friday, July 23rd. []