Sands China Stock News

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. []

Programme provides relief to SMEs by reducing payment terms to seven days Sands China Ltd. has launched a financial support programme for its local SME suppliers, in support of the Macao SAR governments relief package that includes eight measures to assist struggling SMEs amid the pandemic. The 2021 SME Expedited Payment Programme aims to help []