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Sands Resorts Macao

Year-on-year Change, nominal. Meeting with the Macao Government, which reassured us that it would support all efforts to restart our development on Parcels 5 and 6, including ensuring that we would have sufficient gaming tables and slot machines to successfully open the development project. According to the DSEC statistics, According to the Macao Yearbook , by the end of , the FIT scheme had been extended to residents of all of Guangdong Province, Beijing, Shanghai and other major cities that may be approved from time to time. Macao is centrally located in the Asian region, which is home to more than three billion people.

Exhibit Table of Contents. We are now waiting for publication of the land concession in the official gazette. Successfully strengthened our balance sheet, setting the stage for growth both now and in the future.

Senior Management. We hosted 15 trade shows inwhich attracted more thanvisitors to Macao and Cotai.

Corporate Governance. Special Adviser to the Board. Executive Directors. Non-Executive Directors. Chairman and Non-Executive Director. Our business strategies and development plans allow us to achieve strong growth and financial performance in the future.

We believe that the sands casino macau address appeal of Macao, led primarily by the development of world-class integrated resorts, investments in non-gaming facilities, economic growth throughout Asia, and expanding infrastructure development, will enable Macao to attract visitors from an increasingly wider radius.

The awarding of these six concessions ushered in a new era and saw the introduction to Macao of integrated resorts with significant non-gaming facilities.

Entertainment is at the heart of our business. The process of becoming a listed company in Hong Kong sands casino macau address completed during the year, and provides the opportunity for Asian investors to participate in our future success through the ownership of shares in Sands China. Given current trade show and group booking trends, we are confident of strong growth in MICE visitation in We substantially completed the construction of our Four Seasons-branded Apart-Hotel Tower in the fourth quarter of We feel that market conditions in Macao are favorable for the execution of our strategy and expect to begin to monetize sands casino macau address important asset in In Novemberthe Macao Government awarded a concession by lease for Parcels 5 and 6.

Major events held throughout include:. Best Business Hotel in Macao. MIECF MIF Click the following article Meeting and Conventions Hotel in Macao.

I believe that these initiatives will allow us to expand our adjusted EBITDAR margins in the future and will provide enhanced operating leverage in the months and years ahead. Management Discussion and Analysis.

Source: DSEC. Table of Contents Sands China Ltd. We derived significant benefits from sands casino macau address on-going relationship with Las Vegas Sands Corp.

Our experience and expertise in this industry continues to drive business and leisure tourism to Macao. Successfully obtained new ferry routes and operating licenses to Tsim Sha Tsui, Kowloon and the Hong Kong International Airport in order to expand the reach of our transportation infrastructure and draw more visitors to Macao.

Business Review. Gaming GDP 2. The following table presents information on visitor arrivals to Macao by place of residence from to Mainland China.

IPO Award. Macao is the only region in China to offer legalized casino gaming and its casinos have historically offered little in the way of non-gaming facilities. Although total visitation in Macao declined in as a result of the visa restrictions imposed in , recent disruptions in the global financial markets and the outbreak of swine flu, we expect that visitation from mainland China, Hong Kong and Taiwan will continue to be strong because of a growing middle class with a strong desire for entertainment. The Macao Government subsequently and successively authorized three subconcessions. He is the Chairman of the Board and co-founder of Global Logistic Properties, which controls the largest platform of logistics facilities in Asia. We generated substantial cash flow and earnings from our existing operations;. Proximity to Significant Population Mass. Tourism GDP 1. The following table sets forth certain information concerning our Directors:. In addition, we hosted corporate groups, which brought an additional 60, delegates to Macao. The map below shows the approximate travel times to Macao from key gateway cities in Asia. Directors and Senior Management. We maintained an experienced management team with a proven track record in both operations and development; and. We operated very efficiently to control our overall cost structure;. Macao consists of the Macao peninsula and the islands of Taipa and Coloane and the reclaimed area of Cotai. We maintained an industry-leading development pipeline, including additional integrated resorts currently under development on Cotai;. Three bridges link the Macao peninsula to Taipa, while the two islands are connected by the land reclamation area known as Cotai. We achieved this by:. Top 5 Most Popular Hotels in Asia. Profit as a percentage of net revenues was 6. Industry Overview. Introduced a rolling credit program and were one of the first gaming concessionaires to implement a cap on junket commissions, an initiative endorsed by the Macao Government. In December , Galaxy, the Macao Government and VML, our subsidiary, entered into the Subconcession Contract, which allows us to develop and operate gaming facility projects in Macao independently from Galaxy. We provided the highest quality integrated resort offerings, which include a diversified set of products and services, including substantial non-gaming amenities. Stakeholder Information. The Macao Special Administrative Region was established on December 20, following more than years of administration by Portugal. Overview of Macao. Table of Contents Contents. Macao is located on the southeast coast of mainland China to the west of Guangdong Province. The new license not only permits us to continue operating ferries between Macao and Hong Kong, but also permits us to offer additional routes to Macao from Hong Kong, including from the China Ferry Terminal in Kowloon and the Hong Kong International Airport. Corporate Information. Negotiating new favorable loan terms with our existing lenders. The diversification of amenities provided us with a substantially higher adjusted EBITDAR to sales percentage compared to casino-only operators, particularly at the high end of the market. That unique product offering enables us to target and attract a broad range of customers;. Financial Highlights. Total GDP. These business strategies resulted in strong financial and operating performance for our Group in The Venetian Macao welcomed The Sands Macao welcomed 6. Financial Statements. Launched a variety of new products and services in including:. With over 3, hotel rooms, 68 restaurants, 1. We also expect to get into high levels of actual construction starting in April. FinanceAsia awarded in Best Integrated Resort Award. He had been associated with ProLogis in varying capacities since Schwartz was appointed Non-Executive Director on October 14, Independent Non-Executive Directors. Dear Shareholders,. Contact Us. We utilized established brands with broad regional and international appeal to market to potential customers;. In , Sands China benefited from a number of key strengths that helped to differentiate our business from that of our competitors, including the following:. Macao Green Hotel Award. HotelClub Awards Asia. Table of Contents Annual Report Highlights of Under his leadership, we:. We expect that it will take approximately 16 months to complete construction of Phase I, which will include 3, rooms from the Shangri-La, Traders and Sheraton hotel brands, and an additional six months to complete the adjacent 2, room Sheraton Tower hotel in Phase II.