By Jerome García

Business

Sands China Announces Third Waiver to Its $3bn Facility Agreement

July 8, 2021

Sands China entered into its third waiver extension regarding its $3 billion 2018 SCL Credit Facility. Under the third waiver extension, the company extended the loan period and amended conditions without suffering penalties. Sands China Amends and Extends Credit Facility Agreement Sands China, the subsidiary of US-based operator Las Vegas Sands (LVS), announced Wednesday that […]

By Jerome García

Casino

Casino Operators in Macau Initiate COVID-19 Employee Vaccinations

June 2, 2021

Casino operators in Macau are joining the fight against COVID-19 by organizing vaccinations for their employees. SJM has announced that it plans to launch a massive vaccination program, while Sands China already started vaccinating its employees and their families. SJM to Launch a Massive Vaccination Program To fight against COVID-19, Health Officials in Macau have […]

By Julie Moraine

Casino

The Londoner Macao Set to Open Ahead of the Chinese New Year

December 16, 2020

Sands China is planning on opening its newly-rebranded The Londoner Macao property, GGRAsia reported, noting the availability of bookings for stays at the resort starting from January 22. Phase 1 Celebration According to the press release issued by the Chinese subsidiary of Las Vegas Sands (LVS) on Tuesday, the company is scheduling an official ceremony […]

By Julie Moraine

Business

Sands China and LVS Renew Their Shared Services Agreement

December 11, 2020

Sands China, the Asia-Pacific subsidiary of Las Vegas Sands (LVS), announced it renewed a Shared Services Agreement with its parent company to continue to utilize marketing services from LVS targeted at international VIP clients and premium players. The renewed services agreement is set to run for 3 years from January 1, 2021, to December 31, […]

By Mike Johnson

Casino

Sands China Entered into Credit Facility Waiver Extension

September 14, 2020

Sands China informed its investors last week that a facility agreement between the company and its main creditor, Bank of China Limited has been amended. The $2 billion revolving unsecured credit facility available to the operator until July 21, 2023, had two financial covenants, a consolidated leverage ratio and a consolidated interest coverage ratio, renegotiated. […]

By Julie Moraine

Business

Sands China Issues $1.5B of Unsecured Debt to Boost Liquidity

June 3, 2020

Sands China Ltd, a subsidiary of casino giant Las Vegas Sands (LVS), announced in a filing to the Hong Kong Exchange (HKEX) it entered into agreement for the issuance of senior unsecured notes to the amount of $1.5 billion. The proposed debt is being offered and  sold  only  to  Professional  Investors  that  are  qualified  institutional  […]