DOCSLIB.ORG

2015 Annual Report Is Printed in English and Chinese Languages and Is Available on Our Website at and Was Posted to Shareholders

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2015 Annual Report Is Printed in English and Chinese Languages and Is Available on Our Website at and Was Posted to Shareholders ANNUAL 2015 REPORT www.sandschinaltd.com This annual report is printed on recycled paper using soy ink Annual Report 2015 From Luxury Duty Free Shopping, Exciting Entertainment and Fabulous Dining to World-Class Hotel Suites and MICE, Come and Discover Everything at Sands China. SANDS CHINA LTD. CONTENTS 1. OVERVIEW 4 1.1 Financial Highlights 4 1.2 Highlights of 2015 5 1.3 Directors and Senior Management 11 2. BUSINESS REVIEW 19 2.1 Chairman’s Statement 19 2.2 Business Overview and Outlook 21 2.3 Our Properties 28 2.4 Management Discussion and Analysis 35 2.5 Risk Factors 47 2.6 Stakeholder Information 61 2.6.1 Our Shareholders 61 2.6.2 Our Lenders 63 2.6.3 Our Customers 64 2.6.4 Our Suppliers 64 2.6.5 Our Employees 65 2.6.6 Our Commitment to the Community 67 2.6.7 Preserving the Environment 71 3. CORPORATE GOVERNANCE REPORT 77 3.1 Chairman’s Introduction 77 3.2 Good Governance 78 3.3 The Board 79 3.4 Key Roles 83 3.5 Activity 85 3.6 The Committees 87 3.7 Risk and Internal Control 91 3.8 Shareholders 92 3.9 Compliance Disclosures and Other Matters 94 3.10 Directors’ Report 96 4. FINANCIAL STATEMENTS 113 4.1 Independent Auditor’s Report 113 4.2 Financial Statements 115 4.3 Notes to the Consolidated Financial Statements 121 4.4 Financial Summary 206 5. CORPORATE INFORMATION 207 6. CONTACT US 208 7. GLOSSARY 209 In case of any inconsistency between the English version and the Chinese version of this annual report, the English version shall prevail. SANDS CHINA LTD. 1.1 FINANCIAL HIGHLIGHTS our Luxurious Hotel Rooms and Suites await you. INTRODUCTION Sands China operates the largest collection of integrated resorts in Macao. As at December 31, 2015, we had 9,782 hotel rooms and suites, 124 restaurants, 1.5 million square feet of retail, 1.6 million square feet of meeting space, 2 permanent theaters, a 15,000-seat arena and some of the world’s largest casinos. 2 ANNUAL REPORT 2015 SANDS CHINA LTD. 1.1 FINANCIAL HIGHLIGHTS 3 ANNUAL REPORT 2015 SANDS CHINA LTD. 1.1 FINANCIAL HIGHLIGHTS • Net revenues were US$6,820.1 million (HK$52,861.2 million) for the year ended December 31, 2015, a decrease of US$2,685.1 million (HK$20,882.0 million), or 28.2%, compared to US$9,505.2 million (HK$73,743.2 million) for the year ended December 31, 2014. • Operating expenses were US$5,301.3 million (HK$41,089.3 million) for the year ended December 31, 2015, a decrease of US$1,579.7 million (HK$12,294.9 million), or 23.0%, compared to US$6,881.0 million (HK$53,384.2 million) for the year ended December 31, 2014. • Adjusted EBITDA for the year ended December 31, 2015 was US$2,223.0 million (HK$17,230.0 million), a decrease of US$1,038.0 million (HK$8,069.5 million), or 31.8%, compared to US$3,261.0 million (HK$25,299.5 million) for the year ended December 31, 2014. • Profit for the year ended December 31, 2015 was US$1,459.4 million (HK$11,311.5 million), a decrease of US$1,088.3 million (HK$8,454.1 million), or 42.7%, compared to US$2,547.7 million (HK$19,765.6 million) for the year ended December 31, 2014. Note: The translation of US$ amounts into HK$ amounts has been made at the rate of US$1.00 to HK$7.7508 (2014: US$1.00 to HK$7.7582) for the purposes of illustration only. 4 ANNUAL REPORT 2015 SANDS CHINA LTD. 1.2 HIGHLIGHTS OF 2015 Business • We garnered over 2.5 billion media impressions throughout China with our Venetian David Beckham brand advertising campaign in 2015. • We participated in trade shows and launched VIP dinners to educate the Travel Trade and Meetings sectors about Sands Resorts Cotai Strip Macao and new developments, visiting eight cities across Asia including Taipei, Shanghai, Beijing, Guangzhou, Seoul, Tokyo, Osaka and Singapore. These events introduced the brand positioning of Sands Resorts Cotai Strip Macao, our integrated product offerings of The Venetian Macao, Sands Cotai Central and The Plaza Macao, highlighting the retail and entertainment offering of our integrated resorts. A strong emphasis continued in 2015 with the positioning of luxury retail shopping, live entertainment and the extensive meeting space available at Sands Resorts Cotai Strip Macao. • Destination events continued to drive increased visitation with some 670,000 visitors experiencing the diversified events across our integrated resorts. These events included Chinese New Year celebrations, Carnevale, Macau Wine & Dine Festival, 19th China Music Awards, Monopoly World Championship, DreamWorks Experience, Showdown at Sands, 15th Hua Ding Awards and 4th Master in Paintings. • Sands China continued to leverage the DreamWorks Experience, including Shrekfast, All Stars Daily Parade, Kung Fu Panda Training Academy, King Juliens New Year’s Eve Countdown and hosting film premieres including Penguins at the Madagascar and Return of the Cuckoo. • Sands Resorts Cotai Strip Macao hosted 384 travel industry and meeting planner familiarization events in order to showcase the integrated resorts under a common destination umbrella. Such familiarization events were held with buyers from Asia, emphasizing China, Taiwan, Hong Kong, Japan, Korea and Thailand, highlighting the increased demand for Macao as an ideal meetings and leisure tourism destination. • Cooperative marketing agreements with 38 travel agents across seven Asian countries generated promotional package in excess of 217,000 room nights. • Sales managed 2,019 group enquires in 2015 converting 31%, or 628, bookings resulting in a 1% conversion increase compared to 2014. • The Venetian Macao and Sands Cotai Central together hosted 688 events including exhibitions, trade shows, conferences and social and government events, as well as incentive groups, attracting 1,380,000 visitors. • The Company hosted 73 live international entertainment events attracting more than 331,000 visitors. Major entertainment events held during the year included concerts by top stars such as Big Bang, Eason Chan, Katy Perry, Sammi Cheng, Bon Jovi, Joey Yung, Backstreet Boys and Super Junior, as well as hosting the boxing event Showdown at Sands, The Voice of China, CATS and Beauty and the Beast. • CotaiJet ferry services carried 7.6 million passengers in 2015 (an average of 21,000 per day), providing an average of 45 daily round trip sailings in 2015. 5 ANNUAL REPORT 2015 SANDS CHINA LTD. 1.2 HIGHLIGHTS OF 2015 Attendance Sands China’s properties are among the most visited destinations in Macao, attracting families, business visitors and entertainment seekers from around the world. More than 30% of our hotel guests are families with children and business travelers attending corporate meetings, conventions and exhibitions. In 2015, all four of our properties, The Venetian Macao, Sands Cotai Central, The Plaza Macao and Sands Macao, attracted a combined total of 68.1 million (2014: 69.7 million) visitors or approximately 186,500 (2014: 191,000) visitors per day. Entertainment Entertainment is at the heart of our business. Since opening in 2007, our 15,000-seat Cotai Arena has established itself as one of the top live-entertainment venues in Southern China. It is the only venue in Asia ranked in Pollstar’s Top 100 Arena Venues worldwide, based on ticket sales. The live entertainment program at our properties, from concerts to sporting events to awards ceremonies, is a key traffic and revenue driver and has established the Company as the leader in the field of tourism and leisure activities. The diversity of entertainment offered by the Company sets it apart from other gaming destinations. Our entertainment offerings include lounge acts, dancers, singers, gondoliers and street performers, all of whom contribute to the overall customer experience at our properties. Cotai Arena, The Venetian Theatre, Sands Theatre and The Venetian Macao and Sands Cotai Central ballrooms hosted a total of 73 different live entertainment events over 200 event days in 2015. Taken together, these events attracted more than 331,000 visitors. Major entertainment events held during the year included concerts by top stars such as Big Bang, Eason Chan, Katy Perry, Sammi Cheng, Bon Jovi, Joey Yung, Backstreet Boys and Super Junior, as well as hosting the boxing event Showdown at Sands, The Voice of China, CATS and Beauty and the Beast. Meetings, Incentives, Conventions and Exhibitions As at December 31, 2015, Sands China’s properties boasted 1.6 million square feet of MICE space specifically designed to meet the needs of meeting planners and corporate events and trade show organizers from around the world. The CotaiExpo at The Venetian Macao is one of the largest exhibition centers in Asia and has hosted some of the region’s biggest exhibitions. Our experience and expertise in this industry continues to drive business and leisure tourism to Macao. With the opening of Sands Cotai Central in 2012, our meeting and convention capabilities continued to expand and we were proud to provide the same guaranteed expertise and service in our new facilities that has made CotaiExpo the region’s MICE leader. With hotel brands Conrad, Holiday Inn, Sheraton and St. Regis, MICE organizers now have an expanded selection of accommodation choices to satisfy a wider demographic of event attendees. With the implementation of our “Green Meetings” initiative through the global ECO360° program, we will be pursuing our goal of having one of the most sustainable and environmentally-friendly conference centers in Asia. The Venetian Macao and Sands Cotai Central together attracted 1,380,000 visitors to Macao for MICE events throughout the year, compared to 1,685,000 visitors in 2014, with 1,234,000 visitors attending our 51 exhibitions and trade shows and 146,000 conference and corporate visitors attending 637 meeting and incentive events.
Load more

Recommended publications
  • Guide to the Las Vegas, Nevada Strip Hotel Labor Relations Collection
    Guide to the Las Vegas, Nevada Strip Hotel Labor Relations Collection This finding aid was created by Hannah Robinson on September 18, 2017. Persistent URL for this finding aid: http://n2t.net/ark:/62930/f1j01f © 2017 The Regents of the University of Nevada. All rights reserved. University of Nevada, Las Vegas. University Libraries. Special Collections and Archives. Box 457010 4505 S. Maryland Parkway Las Vegas, Nevada 89154-7010 [email protected] Guide to the Las Vegas, Nevada Strip Hotel Labor Relations Collection Table of Contents Summary Information ..................................................................................................................................... 3 Historical Note ................................................................................................................................................. 3 Scope and Contents Note ................................................................................................................................ 4 Arrangement .................................................................................................................................................... 5 Administrative Information ............................................................................................................................. 5 Names and Subjects ........................................................................................................................................ 5 Collection Inventory .......................................................................................................................................
    [Show full text]
  • 2020 Annual Report
    Stock Code: 1928 and Note Stock Codes: 5140, 5141, 5142, 5725, 5727, 5733, 40246, 40247, 40584, 40585 www.sandschina.com From Luxury Duty Free Shopping, Exciting Entertainment and Fabulous Dining to World-Class Hotel Suites and MICE, Come and Discover Everything at Sands China. SANDS CHINA LTD. CONTENTS 1. OVERVIEW 4 1.1 Financial Results Summary 4 1.2 Highlights of 2020 5 1.3 Directors and Senior Management 11 2. BUSINESS REVIEW 18 2.1 Chairman’s Statement 18 2.2 Business Overview and Outlook 20 2.3 Our Properties 26 2.4 Management Discussion and Analysis 33 2.5 Priority Risk Factors 47 2.6 Stakeholder Information 59 3. CORPORATE GOVERNANCE 66 REPORT 3.1 Introduction 66 3.2 Corporate Governance Code Compliance 66 3.3 Board Governance Structure 67 3.4 The Board 68 3.5 Audit Committee 74 3.6 Remuneration Committee 76 3.7 Nomination Committee 78 3.8 Capex Committee 81 3.9 Risk Management and Internal Control 82 3.10 Shareholders 87 3.11 Compliance Disclosures and Other Matters 90 3.12 Directors’ Report 92 4. FINANCIAL STATEMENTS 113 4.1 Independent Auditor’s Report 113 4.2 Financial Statements 117 4.3 Notes to the Consolidated Financial Statements 123 4.4 Financial Summary 193 5. CORPORATE INFORMATION 194 6. CONTACT US 195 7. GLOSSARY 196 In case of any inconsistency between the English version and the Chinese version of this Annual Report, the English version shall prevail. SANDS CHINA LTD. 1.1 FINANCIAL HIGHLIGHTS 2 ANNUAL REPORT 2020 SANDS CHINA LTD. 1.1 FINANCIAL HIGHLIGHTS our Luxurious Hotel Rooms and Suites await you.
    [Show full text]
  • 4Q17 Earnings Call Presentation January 24, 2018
    The Venetian Macao Sands Cotai Central, Macao Marina Bay Sands, Singapore The Parisian Macao 4Q17 Earnings Call Presentation January 24, 2018 Sands Macao Four Seasons Macao Sands Bethlehem The Venetian Las Vegas The Palazzo, Las Vegas Forward Looking Statements This presentation contains forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the company’s control, which may cause material differences in actual results, performance or other expectations. These factors include, but are not limited to, general economic conditions, competition, new development, construction and ventures, substantial leverage and debt service, fluctuations in currency exchange rates and interest rates, government regulation, tax law changes and the impact of U.S. tax reform, legalization of gaming, natural or man-made disasters, terrorist acts or war, outbreaks of infectious diseases, insurance, gaming promoters, risks relating to our gaming licenses, certificate and subconcession, infrastructure in Macao, our subsidiaries’ ability to make distribution payments to us, and other factors detailed in the reports filed by Las Vegas Sands with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date thereof. Las Vegas Sands assumes no obligation to update such information. Within this presentation,
    [Show full text]
  • Biz As Usual with Kuoni
    ITB Berlin, Germany March 4, 2015 Biz as usual with Kuoni New owners can use Asian DMCs eye Kuoni accounts after the big break-up Kuoni brand name By Raini Hamdi we have in the UK, Switzerland By Raini Hamdi a statement saying the UK lead- owner will focus on tour oper- NEW owners of Kuoni’s tour op- and in Asia. For the specialisted CONTRACTING with Kuoni ership team remained in place ating, thus the potential of in- erating businesses can continue brands like Voyage Jules Verne Switzerland, UK, Benelux and “to oversee the process (of the creasing the existing business to operating with the name, which you mentioned, they normally Scandinavia/Finland is continu- sale) and continue the ambitious our Singapore office even if the carries a legacy of more than 100 go with the sale to new owners.” ing as per normal, even as the plans for growth in the UK mar- DMC in the rest of Asia remains years. Voyage Jules Verne is a brand Kuoni Group seeks to sell off ket”. He went on to say Kuoni UK status quo, or the potential of a Kuoni Group’s spokesperson under Kuoni UK, along with these operations and its other would be “working closely with consolidation in ground han- Peter Brun confirmed this when Carrier, Kirker, CV Villas and traditional tour operating busi- our colleagues in Switzerland to dling where the rest of the Tour responding to queries from TTG Journeys of Distinction. Aside nesses in Hong Kong/ make sure we find the East offices will have a chance to Asia-ITB Berlin Daily.
    [Show full text]
  • Press Release
    Press Release Huge Crowd Celebrate New Year’s Eve at Sands Resorts Cotai Strip Macao Wealth of entertainment options entice bumper number of visitors to come and welcome 2015 with live music, street entertainment, 3-D light and sound countdown show and spectacular pyrotechnics (Macao, Jan. 1, 2015) – New Year’s Eve at Sands Resorts Cotai Strip Macao once again welcomed thousands of visitors who were enthralled by the wealth of entertainment options that catered for every kind of reveller, from those who wanted to brave the elements to those who preferred to watch a live feed of the countdown with a glass of champagne in the Venetian’s ballroom. A huge crowd turned up at The Venetian Macao to enjoy the festivities and party atmosphere and say goodbye to 2014 and ring in 2015. The free outdoor Winter in Venice New Year’s Eve Countdown event was very well attended with people enjoying live music, dancers and an amazing acrobatic performance by Kinetix. Guests also interacted with street performers, actors and musicians who roamed about delighting children and adults alike. The highlight for the assembled crowd in the Venetian’s outdoor area was the 3-D light and sound New Year’s Eve Countdown Spectacular which transformed the façade of The Venetian Macao into a countdown clock for the final five minutes of 2014, allowing everyone to see in 2015 together. At midnight a spectacular pyrotechnics show ushered in the New Year, after which the festivities continued. While this festival was going on outside, many revelers welcomed the New Year at The Venetian Macao’s New Year’s Eve gala Light up 2015.
    [Show full text]
  • Download Full Book
    Vegas at Odds Kraft, James P. Published by Johns Hopkins University Press Kraft, James P. Vegas at Odds: Labor Conflict in a Leisure Economy, 1960–1985. Johns Hopkins University Press, 2010. Project MUSE. doi:10.1353/book.3451. https://muse.jhu.edu/. For additional information about this book https://muse.jhu.edu/book/3451 [ Access provided at 25 Sep 2021 14:41 GMT with no institutional affiliation ] This work is licensed under a Creative Commons Attribution 4.0 International License. Vegas at Odds studies in industry and society Philip B. Scranton, Series Editor Published with the assistance of the Hagley Museum and Library Vegas at Odds Labor Confl ict in a Leisure Economy, 1960– 1985 JAMES P. KRAFT The Johns Hopkins University Press Baltimore © 2010 The Johns Hopkins University Press All rights reserved. Published 2010 Printed in the United States of America on acid- free paper 2 4 6 8 9 7 5 3 1 The Johns Hopkins University Press 2715 North Charles Street Baltimore, Mary land 21218- 4363 www .press .jhu .edu Library of Congress Cataloging- in- Publication Data Kraft, James P. Vegas at odds : labor confl ict in a leisure economy, 1960– 1985 / James P. Kraft. p. cm.—(Studies in industry and society) Includes bibliographical references and index. ISBN- 13: 978- 0- 8018- 9357- 5 (hardcover : alk. paper) ISBN- 10: 0- 8018- 9357- 7 (hardcover : alk. paper) 1. Labor movement— Nevada—Las Vegas— History—20th century. 2. Labor— Nevada—Las Vegas— History—20th century. 3. Las Vegas (Nev.)— Economic conditions— 20th century. I. Title. HD8085.L373K73 2009 331.7'6179509793135—dc22 2009007043 A cata log record for this book is available from the British Library.
    [Show full text]
  • SANDS CHINA LTD. 金沙中國有限公司 (Incorporated in the Cayman Islands with Limited Liability) (Stock Code: 1928)
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. SANDS CHINA LTD. 金沙中國有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock code: 1928) INSIDE INFORMATION RESULTS OF OUR CONTROLLING SHAREHOLDER, LAS VEGAS SANDS CORP., FOR THE FISCAL FOURTH QUARTER AND FULL YEAR ENDED DECEMBER 31, 2014 This announcement is issued pursuant to Part XIVA of the Securities and Futures Ordinance and Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. On or about January 29, 2015 (5 a.m. Hong Kong time), our controlling shareholder, Las Vegas Sands Corp. (“LVS”), announced its financial results for its fiscal fourth quarter and year ended December 31, 2014. This announcement is issued by Sands China Ltd. (“SCL” or our “Company” or “Sands China”) pursuant to Part XIVA of the Securities and Futures Ordinance and Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. Our Company’s controlling shareholder, LVS, is a company listed on the New York Stock Exchange (the “NYSE”) in the United States. As at the date of this announcement, LVS beneficially owns approximately 70.13% of the issued and outstanding share capital of our Company.
    [Show full text]
  • Big Four Coming to the Venetian Macao for Third Time Hong Kong Cantopop Stars to Perform at Venetian Theatre
    Big Four Coming to The Venetian Macao for Third Time Hong Kong Cantopop stars to perform at Venetian Theatre (Macao, Oct. 30, 2014) – Cantopop stars Big Four will perform one night only at The Venetian® Macao’s Venetian Theatre on Friday, Nov. 21 with its WOW An Evening date with Big Four. Tickets go on sale Oct. 31 at all Cotai Ticketing box offices*. The band’s return to The Venetian Macao is part of an exciting weekend of superstar entertainment at the popular integrated resort. Sunday, Nov. 23 will also see the return of boxing icon Manny Pacquiao, as he takes on the undefeated Chris Algieri at Clash in Cotai II. Tickets are still available, priced HKD/MOP 880-24,080, so fans are urged to grab tickets now at www.cotaiticketing.com. Both events give visitors a chance to experience spectacular live entertainment while enjoying the convenience of The Venetian Macao’s diverse selection of world-class shopping and dining choices. Formed in 2009, Big Four is made up of friends Dicky Cheung, Andy Hui, William So and Edmond Leung. The Hong Kong actor-singers are set to entertain the Macao audience this November with WOW An Evening date with Big Four, a concert filled with their greatest hits, including “Big Four,” “Powerless to Help,” “The Pain of Men,” and “Man Should Not Make Woman Cry.” Tickets for the 8 p.m., Nov. 21 performance of WOW An Evening date with Big Four at the Venetian Theatre go on sale Friday, Oct. 31 via Cotai Ticketing and can be purchased for HKD/MOP 780 (A Reserve), 580 (B Reserve) and 380 (C Reserve); HKD/MOP 88 adds a round trip Cotai Water Jet ferry ticket between Hong Kong and * The Venetian Macao – Cotai Arena and Main Lobby box offices; Four Seasons Hotel Macao – The Plaza™ Macao box office; Sands® Macao – L1 box office; Sands® Cotai Central – Sheraton Main Lobby and Holiday Inn Main Lobby Page 1 of 3 Macao.
    [Show full text]
  • Case 2:10-Cv-00765-KJD-LRL Document 2 Filed 05/24/10 Page 1 of 32
    Case 2:10-cv-00765-KJD-LRL Document 2 Filed 05/24/10 Page 1 of 32 THE O'MARA LAW FIRM, P.C. WILLIAM 0. O'MARA (Nevada Bar No, 0837) DAVID C. O'MARA (Nevada Bar No. 05899) 311 East Liberty Street Reno, NV 89501 Telephone: 775/323-1321 775/323-4082 (fax) Attorneys for Plaintiff [Additional Counsel on Signature Page] UNITED STATES DISTRICT COURT DISTRICT OF NEVADA FRANK I. FOSBRE, JR., Individually and On ) No. Behalf of All Others Similarly Situated, ) ) CLASS ACTION Plaintiff, ) ) CLASS ACTION COMPLAINT FOR VS. ) VIOLATIONS OF THE FEDERAL ) SECURITIES LAWS LAS VEGAS SANDS CORP., SHELDON G. ADELSON and WILLIAM P. WEIDNER, ) ) . Defendants. ) ) ) DEMAND FOR JURY TRIAL Case 2:10-cv-00765-KJD-LRL Document 2 Filed 05/24/10 Page 2 of 32 Plaintiff alleges the following based upon the investigation of his counsel, which included a review of United States Securities and Exchange Commission ("SEC") filings made by Las Vegas Sands Corp. ("Las Vegas Sands" or the "Company"), as well as regulatory filings and reports, securities analysts' reports and advisories about the Company, press releases and other public statements issued by the Company, and media reports about the Company, and believes that substantial additional evidentiary support will exist for the allegations set forth herein after a reasonable opportunity for discovery. NATURE OF THE ACTION 1. This federal securities class action is brought on behalf of purchasers of the common stock of Las Vegas Sands between August 1, 2007 and November 6, 2008, inclusive (the "Class Period"), seeking to pursue remedies under the Securities Exchange Act of 1934 (the "Exchange Act").
    [Show full text]
  • SANDS CHINA LTD. 金沙中國有限公司 (Incorporated in the Cayman Islands with Limited Liability) (Stock Code: 1928) INSIDE INFORMATION
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. SANDS CHINA LTD. 金沙中國有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1928) INSIDE INFORMATION RESULTS OF OUR CONTROLLING SHAREHOLDER, LAS VEGAS SANDS CORP., FOR THE FISCAL FOURTH QUARTER AND FULL YEAR ENDED DECEMBER 31, 2015 This announcement is issued pursuant to Part XIVA of the Securities and Futures Ordinance and Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. On or about January 28, 2016 (5 a.m. Hong Kong time), our controlling shareholder, Las Vegas Sands Corp. (“LVS”), announced its financial results for its fiscal fourth quarter and year ended December 31, 2015. This announcement is issued by Sands China Ltd. (“SCL” or our “Company” or “Sands China”) pursuant to Part XIVA of the Securities and Futures Ordinance and Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. Our Company’s controlling shareholder, LVS, is a company listed on the New York Stock Exchange (the “NYSE”) in the United States. As at the date of this announcement, LVS beneficially owns approximately 70.12% of the issued and outstanding share capital of our Company.
    [Show full text]
  • Work Force Restructuring Plan August 1993
    Work Force Restructuring Plan August 1993 Department of Energy Nevada Operations Office Las Vegas, Nevada Department of Energy, Nevada Operations Office Work Force Restructuring Plan Contents Page 1 Introduction 1 1.1 Hatfield Amendment1 1.2 FY93 Budget Reduction 2 1.3 Results 2 1.3.1 Reynolds Electrical & Engineering Co., Inc. 3 1.3.2 EG&G Energy Measurements, Inc. 3 1.3.3 Raytheon Services Nevada 3 2 Notice of Impending Work Force Reductions 4 3 Planning Process/Community Involvement 4 3.1 State of Nevada 5 3.2 Section 3161 5 3.3 Contractors & Community Agencies 6 3.4 Results 7 3.5 Employee Transition Committees 8 4 Work Force Restructuring Plan Components 9 4.1 Objective of Plan 9 4.2 Coverage 9 4.3 Work Force Planning 10 4.3.1 Mission Reduction 10 4.3.2 Efforts to Minimize Involuntary Separations 10 4.4 Contractor Reductions 10 4.4.1 Reynolds Electrical & Engineering Co., Inc. 11 4.4.2 EG&G Energy Measurements, Inc. 11 4.4.3 Raytheon Services Nevada 12 4.5 Work Force Restructuring 12 4.5.1 Reynolds Electrical & Engineering Co., Inc. 12 4.5.2 EG&G Energy Measurements, Inc. 14 4.5.3 Raytheon Services Nevada 15 Work Force Restructuring Plan -- Contents Page 4.6 Activities for Restructuring the DOE Work Force 15 4.6.1 Attrition 16 4.6.2 Voluntary Separations 16 4.6.3 Supplementary Training for Retained Work Force 16 4.6.4 Supplementary Training for Surplus Employees 17 4.6.5 Supplementary Training for Environmental 18 Restoration and Waste Management Positions 4.6.6 Scholarship Assistance for Workers and Institutions 18 for Environmental
    [Show full text]
  • World Championship Boxing Returns to the Cotai Arena at the Venetian Macao
    WORLD CHAMPIONSHIP BOXING RETURNS TO THE COTAI ARENA AT THE VENETIAN MACAO CHAMPIONS OF GOLD SATURDAY, JULY 19 Zou Shiming Steps Up in His 10-Round Debut Undefeated Guillermo Rigondeaux Defends His WBA/WBO Junior Featherweight Titles Plus Rex Tso, Ng Kuok Kun and Brian Viloria in Exciting Undercard Bouts Tickets On Sale Now Early Bird Discount – Three Days Only MACAO (May 31, 2014) – Two-time Chinese Olympic gold medallist and national icon ZOU SHIMING and undefeated unified junior featherweight world champion and Cuban sensation GUILLERMO “El Chacal” RIGONDEAUX will headline Champions of Gold – world championship boxing’s return to The The Venetian® Macao's Cotai Arena. Promoted by Top Rank® and Sands China Ltd., in association with Tecate, PS4, Caribe Promotions and Foreman Boys Promotions, Champions of Gold will take place Saturday, July 19. Tickets for Champions of Gold are on sale now and can be purchased via Cotai Ticketing™; prices start at HKD/MOP 80, with ferry and hotel packages also available. Featherweight Fury Page 1 of 6 ticketholders will want to act fast to take advantage of a 30 per cent early bird discount*, available for three days only, until June 2 (HKD/MOP 80 tickets excluded). Rigondeaux will be defending his titles against top-five contender and two-time world title challenger SOD LOOKNONGYANTOY of Thailand. The undercard will feature former three- time world champion BRIAN VILORIA, undefeated NABF/NABO super middleweight champion GILBERTO “Zurdo” RAMIREZ, 2012 Russian Olympic gold medallist EGOR MEKHONTSEV, plus local favourites REX “The Wonder Kid” TSO, IK YANG and “The Macao Kid” NG KUOK KUN, each in separate bouts.
    [Show full text]