SCHYY News and Press, Sands China Ltd. ADR From 05/02/22

Gross gaming revenue in Macau fell 68% year-over-year during April to 2.68B patacas ($331M), which marked the lowest tally for the gambling region in 18 months and fell short of the expectation of analysts. Revenue fell 27% in April from the level recorded in March and was 89% off from the pr...

Casino stocks have enjoyed a solid start to the week, with even China-linked stocks making a slight comeback in the short term. Chinese stocks are attracting increased attention as Shanghai’s strict lockdown appears to be loosening. On April 20, the epicenter of the latest outbreak all...

Macau gross gaming revenue fell 56% in March to 3.67B patacas ($455M) to slightly trail the consensus estimate for a 55% decrease. Ongoing COVID restrictions and concerns held back traffic during the month. Gross gaming revenue was down 54% in March from the level seen in February with the lo...

Lights Off at Sands China's Integrated Resorts for Earth Hour 2022 PR Newswire 14 consecutive years of support MACAO , March 27, 2022 /PRNewswire/ --  Sands China Ltd. observed Earth Hour 2022 at its properties Saturday, turning off exter...

Macau casino stocks traded higher in Hong Kong on Wednesday after a pledge from China's central bank to keep capital markets stable and stimulate economic growth. A statement also indicated positive progress on the issue of Chinese stocks listed in U.S. markets. That stoked a strong rally in ...

Macau casino stocks fell after the Chinese government placed 17.5M residents in Shenzhen in lockdown for at least a week due to rising COVID cases. That has raised concerns that new COVID restrictions could impact travel to Macau and Hong Kong. "China's COVID outbreak is still largely under c...

Macau's government is extending gaming licenses for the six casino operators in the city. The decision will take some pressure off the Macau sector and the six operators who have not yet submitted their formal applications.  Macau Secretary for Economy and Finance Lei Wai Nong issued a s...

Sands Gallery Opens at The Grand Suites at Four Seasons New permanent art space debuts with exhibition by ink masters Wang Dongling and Xu Lei PR Newswire MACAO , Feb. 23, 2022 /PRNewswire/ -- Sands China Ltd. officially launched the new Sands Gallery Wed...

S&P Global Ratings lowered the issuer credit rating on Las Vegas Sands (LVS +0.1%) and subsidiary Sands China (OTCPK:SCHYY +4.2%) to BB+ from BBB-. The ratings agency warned that a slower recovery in Macau in 2022 will cause LVS's leverage to reach about 7X at the end of this year, w...

Las Vegas Sands (LVS +5.1%) gained the most of any consumer stock in the S&P 500 Index after the emergency approval of the Pfizer antiviral pill is seen by analysts and investor as an indication that the zero-tolerance COVID policy in China could be lifted after the Olympics. The emergenc...