{"id":33408,"date":"2022-09-12T03:08:33","date_gmt":"2022-09-12T06:08:33","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=33408"},"modified":"2026-04-23T05:01:18","modified_gmt":"2026-04-23T08:01:18","slug":"sands-china-president-confident-about-new-gaming-licence-in-macau","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sands-china-president-confident-about-new-gaming-licence-in-macau","title":{"rendered":"Sands China president confident about new gaming licence in Macau"},"content":{"rendered":"\n<p>Wilfred Wong Ying Wai, Sands China Ltd\u2019s president, said he is very confident about winning a concession for the next ten years.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- There are only two days to go before\u00a0the closing of the <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-announces-deadline-for-gaming-concession-tender-process\" target=\"_blank\">deadline for submissions<\/a> for Macau&#8217;s retender of its six gaming concessions, and nobody&#8217;s expecting any surprises. Sands China president <strong>Wilfred Wong Ying Wai<\/strong> has reaffirmed that Sands has little doubt that it will get a new concession.<\/p>\n\n\n\n<p>Speaking at the opening ceremony for the 2022 Sands Shopping Carnival, he said: \u201cWe are still very confident about our concession being granted for the next ten years.\u201d<\/p>\n\n\n\n<p>Despite noting that &#8220;a lot really depends on the competition and government decision&#8221;, Wong said Sands China looks forward to continuing to contribute to the city&#8217;s development in the years to come.&nbsp;<\/p>\n\n\n\n<p>He told Macau News Agency: \u201cWe are confident and we would like to continue growing in Macau.&#8221;<\/p>\n\n\n\n<p>Sands Shopping Carnival 2022 is a three-day family-friendly event featuring over 530 booths, a kids zone, a gourmet area, food preparation and decorating activities for children, a dance competition, and a strong presence of local small and medium-sized businesses (SMEs).<\/p>\n\n\n\n<p>The event is mainly aimed at the local public and does not represent a significant change in terms of the number of visits to the city. However, Sands China&#8217;s CEO referred to <strong>the upcoming October Golden Week<\/strong>, where the arrival of tourists is expected, and said that if the Covid-19 situation stabilizes in mainland China, several visitors will probably arrive in the city.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Macau casino licence retender<\/h2>\n\n\n\n<p>To submit their bids for new concessions companies were asked to provide eligibility documents and\u00a0<strong>pay a minimum deposit of MOP10m (US$1.2m)<\/strong>. <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-creates-commission-to-oversee-gaming-concession-tender\" target=\"_blank\">The commission<\/a>\u00a0tasked to oversee Macau\u2019s gaming concession retender said bids will be evaluated in accordance with the following factors:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The company\u2019s proposal to expand tourist markets from foreign countries;\u00a0<\/li><li>Its experience in operating casinos or other relevant businesses;\u00a0<\/li><li>The benefits of their gaming and non-gaming investments;\u00a0<\/li><li>The company\u2019s plans to manage its casino operations;\u00a0<\/li><li>Its monitoring and prevention of illegal casino activities recommendations;\u00a0<\/li><li>Its commitment to corporate social responsibility activities.<\/li><\/ul>\n\n\n\n<p><strong>See also:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-tourism-sector-hoping-for-rebound-in-october-golden-week\" rel=\"noreferrer noopener\">Macau tourism sector hoping for rebound in October Golden week<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Sands China posts net revenue of US$915m for H1<\/h2>\n\n\n\n<p><strong>Sands China<\/strong>&nbsp;posted a loss of&nbsp;<strong>HK$5.96bn&nbsp;<\/strong>(US$760m) for the first half of the year. That compares to a loss of HK$2.96bn (US$381m) in the first half of 2021.<\/p>\n\n\n\n<p>The company reported&nbsp;<strong>an adjusted property EBITDA loss&nbsp;<\/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<p>The company said that all of its operating segments and business categories for the six months ending June 30 were impacted by the Covid-19 pandemic. It noted that&nbsp;<strong>visitation to Macau has remained substantially below pre-Covid-19 levels<\/strong>&nbsp;as a result of government policies limiting or discouraging travel.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wilfred Wong Ying Wai, Sands China Ltd\u2019s president, said he is very confident about winning a concession for the next ten years.<\/p>\n","protected":false},"author":176,"featured_media":26755,"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 Ltd.'s President, Wilfred Wong Ying Wai, expressed strong confidence in securing a new 10-year gaming concession in Macau as the retender deadline approaches. The company's bid will be evaluated on criteria including foreign market expansion, operational experience, and non-gaming investments, amidst a challenging H1 2022 financial performance impacted by COVID-19 travel restrictions. This development is critical for the future operational landscape of one of Macau's key integrated resort operators.","focusai_entities":"Wilfred Wong Ying Wai, Sands China Ltd, Macau News Agency","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.85), operator_casino (0.9), investor_analyst (0.95), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Concession Bid Strategy","query":"What specific enhancements to non-gaming offerings and foreign tourist market expansion strategies has Sands China outlined in its concession bid to meet the government's evaluation criteria?"},{"label":"H2 Financial Outlook","query":"Given the H1 2022 financial losses and ongoing COVID-19 impacts, what is Sands China's projected operational expenditure and revenue recovery trajectory for H2 2022, assuming a successful concession renewal and potential tourism rebound?"}],"footnotes":""},"categories":[157,16338,158],"tags":[21680],"class_list":["post-33408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-sands-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33408","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=33408"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33408\/revisions"}],"predecessor-version":[{"id":33432,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33408\/revisions\/33432"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26755"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=33408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=33408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=33408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}