Sands China will act as an agent to procure and provide equipment and supplies from Asia Pacific to the LVS Group.
Under the agreement, Sands China will act as an agent to procure and provide equipment and supplies from Asia Pacific to the LVS Group.
The Macau’s casino operator will buy equipment and supplies upon request by the LVS Group and then sell them to the LVS Group on a cost basis.
This is to ensure that any costs incurred by the group in providing the equipment and supplies (including wages, time, etc) will be part of the procurement price.
According to Sands China, the company has a broad experience in procuring equipment and supplies from the Asia Pacific region.
That is the main reason for entering into the deal, as well as its existing relationships and agreements that are already in place with its suppliers.
The agreement is set for a term of two years and will expire on May 11, 2022.