{"id":777011401,"date":"2023-11-24T09:45:39","date_gmt":"2023-11-24T12:45:39","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777011401"},"modified":"2026-04-22T15:15:56","modified_gmt":"2026-04-22T18:15:56","slug":"sands-china-raises-transport-budget","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sands-china-raises-transport-budget","title":{"rendered":"Sands China raises transport budget"},"content":{"rendered":"\n<p>Sands China has increased its cap to US$10.8m.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- <strong>Sands China<\/strong> has revised its annual cap for transport services, increasing the maximum amount from US$8.8m to US$10.8m, according to a disclosure submitted to the Hong Kong Exchange.\u00a0The amendment is due to increased business, spurred by the lifting of travel restrictions in Macau and China in late December 2022 and early January 2023. <\/p>\n\n\n\n<p>In the third quarter, adjusted property EBITDA was US$631m, a 16.6 per cent increase from the preceding three-month period.\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/sands-china-posts-net-revenue-of-us1-78bn-for-q3\" target=\"_blank\">Net revenue reached US$1.78bn<\/a>, a 9.9 per cent rise.<\/p>\n\n\n\n<p><strong>Robert G. Goldstein<\/strong>, Sands China CEO and chairman said: \u201cOur future growth in Macao is tethered to these powerful assets which have all the variables necessary to drive growth in the years ahead. Whether it\u2019s rooms, gaming capacity, retail, entertainment or food and beverage, we have stellar assets.&nbsp;<\/p>\n\n\n\n<p>\u201cThere is speculation about the future growth of Macao. The relevant question is can the market grow to US$30bn, US$35bn, US$40bn gross gaming revenue and beyond? We are firm believers that it will. It may very will happen in a shorter timetable than anyone realizes. This underscores our confidence in the returns that will be generated by our capital investment programs in our portfolio. We are staunch believers in the growth of the Macao market in the near and long term.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sands China has increased its cap to US$10.8m.<\/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 has increased its annual cap for transport services to US$10.8m, citing increased business volume following the lifting of travel restrictions in Macau and China. The company reported robust Q3 financial performance with adjusted property EBITDA up 16.6% and net revenue up 9.9%, while its CEO expressed strong confidence in Macau's potential to achieve US$30bn-$40bn in GGR.","focusai_entities":"Sands China, Robert G. Goldstein, Hong Kong Exchange","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.9), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.92)","focusai_suggestions":[{"label":"Macau GGR Growth Drivers?","query":"What specific market segments or gaming verticals are projected to drive Macau's GGR to the US$30bn-$40bn range, and what is Sands China's strategic positioning within these segments?"},{"label":"Capital Investment Returns?","query":"How do Sands China's current capital investment programs align with the projected GGR growth, and what is the anticipated ROI timeline for these assets given the revised market outlook?"}],"footnotes":""},"categories":[157,16338],"tags":[23906,21680],"class_list":["post-777011401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos","tag-sands-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011401","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=777011401"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011401\/revisions"}],"predecessor-version":[{"id":777040901,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011401\/revisions\/777040901"}],"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=777011401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}