{"id":33056,"date":"2022-08-29T17:59:26","date_gmt":"2022-08-29T20:59:26","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=33056"},"modified":"2026-04-23T05:25:47","modified_gmt":"2026-04-23T08:25:47","slug":"sands-china-celebrates-venetian-macao-15th-anniversary","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sands-china-celebrates-venetian-macao-15th-anniversary","title":{"rendered":"Sands China celebrates Venetian Macao 15th anniversary"},"content":{"rendered":"\n

Sands China held a series of events on Sunday. <\/p>\n\n\n\n\n\n\n\n

Macau.- On August 28, 2007, The Venetian Macao<\/strong> opened its doors on the Cotai Strip. Since then, the complex has become one of the most important resorts in the city and hosted 386 million visitors.<\/p>\n\n\n\n

To celebrate the Venetian’s anniversary, local charities and NGOs took part in a series of activities on (August 28), with members and their families riding the gondola, playing games and enjoying other activities organised by the Macau SAR.\u00a0<\/p>\n\n\n\n

Co-sponsored by Sands Cares Ambassadors, the Olympic Games and the Macau Medical and Health Federation promoted the health of people with intellectual disabilities. To celebrate the anniversary, Sands China also donated MOP248,000<\/strong> to Special Olympics Macau to support his Healthy Athlete Program.<\/p>\n\n\n\n

Sands China<\/a> President\u00a0Wang Yingwei\u00a0<\/strong>said: “The Venetian Macao is Macau\u2019s first and still its most visited integrated resort\u201d. He said the casino was a \u201cgame changer\u201d that \u201cpaved the way for Cotai\u2019s other integrated resorts\u201d.<\/p>\n\n\n\n

The company said that from now until October 31, The Venetian Macao is rolling out a range of accommodation, gourmet, shopping, leisure and entertainment benefits for guests.<\/p>\n\n\n\n

Sands China posts net revenue of US$915m for H1<\/h2>\n\n\n\n

The casino operator has recently shared its financial results for the first half of the year, posting a loss of HK$5.96bn <\/strong>(US$760m). That compares to a loss of HK$2.96bn (US$381m) in the first half of 2021.<\/p>\n\n\n\n

The company<\/a> reported an adjusted property EBITDA loss <\/strong>of HK$94m (US$120m), compared to an adjusted property EBITDA of HK$1.82bn (US$234m) in the first half of 2021. Net revenue for the group decreased by 43.5 per cent to HK$7.18bn (US$915m).<\/p>\n\n\n\n

Sands China said that, as of June 30, it has sufficient liquidity in place, including cash and cash equivalents and excluding restricted cash and cash equivalents of US$766m, and access to US$1.04bn of available borrowing capacity from its 2018 SCL Revolving Facility.<\/p>\n","protected":false},"excerpt":{"rendered":"

Sands China held a series of events on Sunday.<\/p>\n","protected":false},"author":176,"featured_media":3699,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Sands China celebrated The Venetian Macao's 15th anniversary with community events and a MOP248,000 donation to Special Olympics Macau, highlighting its role as a 'game changer' on the Cotai Strip. Concurrently, the operator reported a net revenue decrease of 43.5% to US$915m for H1, resulting in a net loss of US$760m and an adjusted property EBITDA loss of US$120m, while affirming sufficient liquidity.","focusai_entities":"Sands China, The Venetian Macao, Sands Cares Ambassadors, Macau Medical and Health Federation, Special Olympics Macau, Wang Yingwei","focusai_location":"Macau, Cotai Strip","focusai_target_profile":"ceo_executive (0.9), regulator (0.75), compliance_legal (0.7), operator_casino (0.95), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.85), journalist_researcher (0.95)","focusai_suggestions":[{"label":"H1 Profitability Outlook","query":"What is Sands China's projected timeline for returning to profitability, and what specific market recovery indicators are they prioritizing given the significant H1 losses?"},{"label":"Liquidity Strategy","query":"How do Sands China's current liquidity and borrowing capacity support its operational resilience and potential strategic investments amidst ongoing market volatility in Macau?"}],"footnotes":""},"categories":[157,16338],"tags":[21680],"class_list":["post-33056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-sands-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=33056"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33056\/revisions"}],"predecessor-version":[{"id":33087,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33056\/revisions\/33087"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/3699"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=33056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=33056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=33056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}