Board of directors chose not to approve shareholder payout for FY19 due to Covid-19 crisis. <\/p>\n\n\n\n\n\n\n\n
Macau.- Casino operator Sands China<\/strong><\/em> revealed in a statement that its board of directors has decided not to recommend paying the shareholders dividend for FY19.<\/p>\n\n\n\n The decision was taken at the board of directors\u2019 meeting, where they discussed the impact of the Coronavirus crisis.<\/p>\n\n\n\n \u201cThe company has strong capital, financing and liquidity and remains committed to the execution of its ongoing investments in Macau\u201d, the board said in a statement.<\/p>\n\n\n\n According to the Games Inspection and Coordination Department (DICJ), gross revenues from VIP gaming in the first quarter of this year fell by more than 60 per cent in Macau compared to the same period last year.<\/p>\n\n\n\n VIP revenues in the first three months of the year were MOP14.8 billion (\u20ac1.7billion), against 37.2billion patacas (\u20ac4.2billion) raised in the first quarter of 2019.<\/p>\n","protected":false},"excerpt":{"rendered":" Board of directors chose not to approve shareholder payout for FY19 due to Covid-19 crisis.<\/p>\n","protected":false},"author":2,"featured_media":5067,"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's board has opted against recommending a shareholder dividend for FY19, citing the significant impact of the COVID-19 crisis on its operations. This decision follows a substantial decline in Macau's VIP gaming gross revenue, which fell over 60% in Q1 compared to the previous year. The company affirmed its strong capital position and commitment to ongoing investments in Macau despite the current market challenges.","focusai_entities":"Sands China, Games Inspection and Coordination Department (DICJ)","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.9), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Market Recovery","query":"What is the projected timeline for the recovery of Macau's VIP gaming GGR, and what specific policy interventions or market catalysts are anticipated to drive this rebound?"},{"label":"Sands China Capital Strategy","query":"How will Sands China's revised capital allocation strategy, post-dividend suspension, impact its ongoing investment commitments in Macau and its competitive positioning against other integrated resort operators?"}],"footnotes":""},"categories":[160,161,16338,163,167],"tags":[29,257],"class_list":["post-5707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-daily-news","category-east-asia-news","category-finance-news","category-news-region","tag-casino","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5707","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=5707"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5707\/revisions"}],"predecessor-version":[{"id":777008716,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5707\/revisions\/777008716"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/5067"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=5707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=5707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=5707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}