{"id":777012885,"date":"2024-02-05T10:00:13","date_gmt":"2024-02-05T13:00:13","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777012885"},"modified":"2026-04-22T13:21:37","modified_gmt":"2026-04-22T16:21:37","slug":"fitch-says-macau-market-recovery-has-aided-lvs-credit-improvement","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/fitch-says-macau-market-recovery-has-aided-lvs-credit-improvement","title":{"rendered":"Fitch says Macau market recovery has aided LVS credit improvement"},"content":{"rendered":"\n<p>Fitch expects Sands China to resume dividend payments in 2026.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.-\u00a0Fitch Ratings\u00a0has reported Las Vegas Sands&#8217; overall credit improvement is being driven by the strong rebound in the Macau market.\u00a0The rating agency highlighted the recovery of mass market baccarat to 91 per cent of 2019 levels, with premium mass sector particularly strong. <\/p>\n\n\n\n<p>Fitch expects Sands China to resume dividend payments in 2026. However, analysts noted ongoing challenges in visitation and airline capacity, which remain below 2019 levels. Fitch anticipates more revenue growth as these metrics rebound, while capital improvements, especially at The Londoner, are also expected to contribute to Las Vegas Sands&#8217; long-term growth.\u00a0<\/p>\n\n\n\n<p><strong>See also:<\/strong>\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/sands-china-posts-net-revenue-of-us1-86bn-for-q4\" target=\"_blank\" rel=\"noreferrer noopener\">Sands China posts net revenue of US$1.86bn for Q4<\/a><\/p>\n\n\n\n<p>In Singapore, Las Vegas Sands is achieving record levels of mass gaming revenue. Monthly passenger volume and aircraft seat capacity from China have recovered to 87 per cent of 2019 capacity.<\/p>\n\n\n\n<p><strong>See also:<\/strong>&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/marina-bay-sands-revenue-up-55-6-in-q4\" rel=\"noreferrer noopener\">Marina Bay Sands revenue up 55.6% in Q4<\/a><\/p>\n\n\n\n<p>Fitch also addressed the funding pressure related to LVS&#8217;s potential New York City casino licence bid. It believes the company could meet this funding requirement without materially affecting the balance sheet.  Fitch noted that Las Vegas Sands has a strong track record in developing large casino and entertainment projects.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fitch expects Sands China to resume dividend payments in 2026.<\/p>\n","protected":false},"author":176,"featured_media":777005940,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Fitch Ratings anticipates Las Vegas Sands' overall credit profile will strengthen, driven by robust recovery in Macau's mass market and record mass gaming revenue in Singapore. Despite ongoing challenges in Macau's visitation and airline capacity, Sands China is projected to resume dividend payments by 2026, with capital improvements further bolstering long-term growth.","focusai_entities":"Las Vegas Sands, Sands China, Fitch Ratings, Marina Bay Sands, The Londoner","focusai_location":"Macau, Singapore, New York City, China","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.8), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Dividend Resumption Factors?","query":"What specific regulatory or market conditions could accelerate or delay Sands China's projected 2026 dividend resumption, and what are the associated financial implications for LVS's capital structure?"},{"label":"Macau Market Share Strategy?","query":"How might the competitive landscape in Macau evolve if visitation and airline capacity fully recover to 2019 levels, and what is Las Vegas Sands' strategy to maintain or grow its premium mass market share?"}],"footnotes":""},"categories":[16338,163],"tags":[21680],"class_list":["post-777012885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-sands-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012885","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=777012885"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012885\/revisions"}],"predecessor-version":[{"id":777012910,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012885\/revisions\/777012910"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777005940"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777012885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777012885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777012885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}