2018.02.11 Chinese New Year Celebration-170720-1
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Lunar New Year Events
FOUNDER & PUBLISHER Kowie Geldenhuys EDITOR-IN-CHIEF Paulo Coutinho www.macaudailytimes.com.mo FRIDAY T. 19º/ 25º Air Quality Good MOP 8.00 3461 “ THE TIMES THEY ARE A-CHANGIN’ ” N.º 24 Jan 2020 HKD 10.00 A NEW PREMIUM CARRIER FROM WANZAI PORT RE-OPENING WHAT TO TAIWAN LAUNCHED FLIGHTS TO MACAU YESTERDAY DURING A MARRED BY IMPORTED EXPECT IN THE CEREMONY AT THE LOCAL AIRPORT CORONAVIRUS CASES YEAR OF THE RAT P4 P2 INSIDE AP PHOTO TOURISM BOARD CANCELS P8 WUHAN CORONAVIRUS Singapore The outbreak LUNAR NEW YEAR EVENTS of a SARS-like virus that’s killed at least 17 people appeared in the Asian financial hub of Singapore, as Chinese health officials scrambled to halt its spread. Travel was halted in Wuhan, China, where the virus was first detected, nearby municipalities restricted the use of transport and public sites, and schools in surrounding Hubei province delayed the opening of spring terms. Myanmar A top United Nations official who deals with human rights in Myanmar said yesterday that the international community must continue to put pressure on the Southeast Asian nation to follow any decision by the International Court of Justice regarding its treatment of minority Rohingya Muslims. In a unanimous decision, the court added that its order for so-called provisional measures intended to protect the Rohingya is binding “and creates international legal obligations” on Myanmar. AP PHOTO AP PHOTO The fabric of Australian life, that sun-licked, Japan Shelters made of cardboard start popping healthy, up in the basement of outdoor way Tokyo’s Shinjuku train of living that station right before the shutters come down has drawn at 11 p.m., in corridors people to the where “salarymen” continent for rushing home and couples on late-night decades, is dates have just passed under assault by. -
Marina Bay Sands
3Q19 Earnings Call Presentation October 23, 2019 Forward Looking Statements This presentation contains forward-looking statements 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 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, the company may make reference to certain non-GAAP financial measures including “adjusted net income,” “adjusted earnings per diluted share,” and “consolidated adjusted property EBITDA,” which have directly comparable financial measures presented in accordance with accounting principles generally accepted in the United States of America ("GAAP"), along with “adjusted property EBITDA margin,” “hold-normalized adjusted property EBITDA,” “hold-normalized adjusted property EBITDA margin,” “hold-normalized adjusted net income,” and “hold-normalized adjusted earnings per diluted share,” as well as presenting these or other items on a constant currency basis. -
UP SET for VENETIAN MACAO OPEN Macao, Octob
PRESS RELEASE STAR-STUDDED LINE-UP SET FOR VENETIAN MACAO OPEN Macao, October 9: The Venetian Macao Open is poised to welcome a stellar line-up of stars from the Asian Tour, with seven Order of Merit champions and no fewer than 45 Tour champions primed to challenge defending champion Anirban Lahiri for his title next week. In addition to the presence of four-time Major winner Ernie Els, seven players from the current top-10 of the Merit list and seven other former champions of the Venetian Macao Open, including two-time winner Zhang Lian-wei of China, will tee up at the challenging Macau Golf and Country Club from October 15-18. Reigning Asian Tour number one David Lipsky will also return to Asian soil for the first time since April and will be banking on a recent tied third finish in Italy to spur him towards a third Asian Tour title. Lahiri, currently top of the Merit list, is expected to fight hard to retain his crown especially when he will arrive in Macao on the back of a maiden appearance at the on-going Presidents Cup in Korea where he is the first Indian to feature in the biennial team competition. “The Venetian Macao Open is certainly one of the best tournaments we play all year. It’s very intimate and it’s just great fun to be right in the heart of Macao,” said the 28-year-old Lahiri, who is ranked 39th in the world. Other stars in the top-10 of the current Merit rankings heading to Macao include second- ranked Andrew Dodt of Australia, 2013 Venetian Macau Open champion Scott Hend of Australia, Malaysia’s Danny Chia, S.S.P. -
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. -
Press Release
Press Release Celebrities Shine at The Venetian Macao for Asia Rainbow TV Awards Integrated resort brings another star-studded awards show to Macao (Macao, June 26, 2014) – The first Asian television awards show presented by mainland China, the Asia Rainbow TV Awards, were held in Macao for the first time Thursday night, hosted at The Venetian Theatre. With SONIQ as the exclusive title sponsor, and The Venetian® Macao as special sponsor, the Asia Rainbow TV Awards – known as Asia's version of Hollywood's Emmy Awards – is the first awards show for the television industry to be held at The Venetian Macao. Celebrities arriving on the red carpet for the awards show included actors Lee Li-Chun, Hawick Lau and Jerry Lee, and actresses Tongshu Yang, Dandan Song and Guitian Sun. Crowds of screaming fans clamoured to get a view of the famous faces as the glamorous luminaries captured everyone’s attention with their star power. With nearly 400 nominees hailing from 14 countries, 80 awards were given across 27 categories, including awards for Best Actor/Actress, Best Scriptwriter, and Best Actor/Actress Comedy. “Sands China brings the best of the best to Macao, so it is with great pleasure that we are hosting Asia Rainbow TV Awards, an outlet for recognising Asia’s top television talent,” said Olaf Gueldner, Senior Vice President and Chief Marketing Officer of Sands China Ltd. “Our properties are the place to be for seeing the brightest stars, as our multi-tiered entertainment strategy continues to cement Macao’s position as one of the region’s top entertainment destinations for superstars events and to promote the city as a world centre of tourism and leisure.” The awards show was broadcast via 23 television stations to audiences across mainland China, reaching an estimated audience of half a billion viewers. -
Table of Content
Table of Content P. 2 Welcoming Message P. 3 Co-Organizers Supporting Institutions P. 4 Background of the Conference Keynote Speakers P. 5 Plenary Speakers - Day 1 P. 6 Plenary Speakers - Day 2 Speaker - Closing Remarks P. 7 -10 Conference Schedule P. 11 Details of Keynote Speeches P. 12 -13 Details of Plenary Sessions P. 14 Details of Closing Remarks P. 14 -17 Details of Breakout Sessions P. 18 -19 Details of Poster Sessions P. 20 Exhibitions P. 21 Registration Accommodation P. 22 Meal Arrangement Dining P. 23 - 24 Transport P. 25 Information for Visitor Cultural & Tour Program Appendix P. 26 Information for Presenters P. 27 Map of Conference Venue P. 28 Map of Lingnan University 1 Welcoming Message WELCOME TO THE 6TH PAN -ASIAN INITIATIVE ON SERVICE -LEARNING & THE 2ND ASIA -PACIFIC REGIONAL CONFERENCE ON SERVICE -LEARNING Crossing Borders, Making Connections: ServiceService----LearningLearning in Diverse Communities Lingnan University, 2009 Welcome and thank you for celebrating with us this momentous occasion. We are proud to introduce the 6th Pan-Asian Initiative on Service-Learning and the 2 nd Asia-Pacific Regional Conference on Service-Learning. Co-organized by the Office of Service-Learning in Lingnan University, Lingnan Foundation, and the United Board, this event is designed to expand the awareness and recognize the importance of Service-Learning in higher education. The theme of this year’s conference is “Crossing Borders, Making Connections: Service-Learning in Diverse Communities.” It aims to further develop the concept of Service-Learning in the context of diversity and pluralism, as well as touch upon important topics, such as the ethical dimensions in Service-Learning and the relationship between Social Enterprise and Service-Learning. -
1Q15 Earnings Call Presentation April 22, 2015
The Venetian Macao Sands Cotai Central, Macao Marina Bay Sands, Singapore The Parisian Macao 1Q15 Earnings Call Presentation April 22, 2015 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 ventures, substantial leverage and debt service, government regulation, legalization of gaming, interest rates, future terrorist acts, influenza, insurance, gaming promoters, risks relating to our gaming licenses, certificate and subconcession, infrastructure in Macao and other factors detailed in the reports filed by Las Vegas Sands Corp. 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 Corp. assumes no obligation to update such information. 2 The Investment Case for Las Vegas Sands The global leader in Integrated Resort development and operation, delivering strong and diversified cash flow and earnings as well as growing recurring dividends Best positioned operator to deliver growth in -
The Hong Kong Institute of Architects Third Quarterly General Meeting 26 September 2019 President's Report
App B The Hong Kong Institute of Architects Third Quarterly General Meeting 26 September 2019 President's Report Dear Members, I am pleased to share with you some of our remarkable efforts made both locally and overseas during this busy but fruitful summer. Promoting Architectural Excellence HKIA Idea Design Competition 2019 The HKIA Idea Design Competition 2019, supported by the Architectural Services Department, was successfully held this summer. The competition called for a design idea for the Entrance Gateway for the Victoria Park Lunar New Year Fair in January 2020. As a member of the jury panel, I was impressed by the creativity of the candidates’ design schemes. You may visit the winning design, Gateway of Happiness, at Victoria Park Lunar New Year Fair 2020! 2019 Hong Kong & Shenzhen Bi-City Biennale of Urbanism\Architecture ('UABBHK2019') With the theme '2 x 2: Imagine to Innovate', the UABBHK2019 curatorial team, led by Mr. Roger Wu, believes the key lies in how current and future generations imagine and envision the city, and would focus on exploring new proposals and experiments that can bring positive changes to the city. In between May to August 2019, 5 curatorial conversations with the intentional curatorial advisors, past UABBHK curators and some well-known curator and architects in Hong Kong as speakers, were held, to engage the stakeholders of the exhibition in dialogues shaping the exhibition. With more than 70 installations, the exhibition would be satellite exhibitions to be held at The Mills, West Kowloon High-speed Rail Station, 7 Mallory Street, Wanchai, and Shenzhen exhibition venue from December 2019 to March 2020. -
Inauguration of 2008 MIECF
Press Release No 4 23 th April 2008 Inauguration of 2008 MIECF The “2008 Macau International Environmental Co-operation Forum and Exhibition” (2008 MIECF) was inaugurated this morning (April 23) at The Cotai Strip Convention and Exhibition Centre of the Venetian Macao Resort Hotel. The event is hosted by the Government of the Macao Special Administrative Region, co-organized by Provincial and Regional Governments of the Pan-Pearl River Delta Region, and supported by the Ministry of Environmental Protection of the People's Republic of China. Mr. Edmund Ho, Chief Executive of Macau SAR, gave a speech in the opening ceremony, pointing out that water and energy are matters of concern for both the international community and the Macau citizenry. He stressed that Macau’s water and energy security hinges on the support of the Central Government, and that the SAR is dedicated to solving problems regarding salinity, energy conservation, and environmental protection awareness-raising, in order to attain sustainable development. The officiating guests accompanying the Chief Executive in the opening ceremony include Mr. Li Benjun, Deputy Director General of the Liaison Office of the Central People’s Government in the Macao SAR, Mr. Wan Yongxiang, Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in the Macao SAR, Mr. Hu Siyi, Vice Minister of Ministry of Water Resources of the PRC, Mr. Xu Qinghua, Representative of the Minister of Ministry of Environmental Protection of the PRC, Mr. Su Zengtian, Vice Governor of the People’s Government of Fujian Province, Mr. Hong Lihe, Vice Governor of the People’s Government of Jiangxi Province, Mr. -
The Venetian Macao Reserves the Right to Release the Suites for Resale Without Prior Notice
Terms and Conditions General 1. All rates are in MOP/HKD and subject to 5% Government Tax and 10% Service Charge. 2. All reservations, unless guaranteed by deposit or credit card, will be held until Macao local time 18:00 of proposed arrival date only. The Venetian Macao reserves the right to release the suites for resale without prior notice. 3. All cancellations or amendments must be made 24 hours before arrival. A charge equivalent to the total package price plus service charge and government tax will be imposed for No Show. 4. Any extension of stay, after initial booking is confirmed, will be subject to availability and will be at Hotel’s Best Available Rate. 5. All package inclusions are on a per stay basis. 6. Unused package benefits cannot be reimbursed or redeemed for cash either in full or in part. 7. Cost for an additional guest (12 years old or below) is MOP/HKD150 per person per night inclusive of: One- way Macao to Hong Kong Cotai Water Jet Cotai Class ferry ticket / Gondolier Ride / entry for Qube or Qube 2 (1st night), breakfast/lunch (1st night), breakfast/lunch/dinner (2nd night) AND Breakfast/Lunch/Afternoon tea (3-night). 8. Cost for an additional guest (13 years old or above) is MOP/HKD350 per person per night inclusive of: One- way Macao to Hong Kong Cotai Water Jet Cotai Class ferry ticket / Gondolier Ride / entry for Qube or Qube 2 (1st night), breakfast/lunch (1-night), breakfast/lunch/dinner (2nd night) AND breakfast/Lunch/Afternoon tea (3rd night). -
Downloadable Content Supported by Multiple RNG (Random Num- Ber Generation) Levels and System Configurations
Aug 2007 • MOP 30 Macau Bottlenecks The Walls Have Eyes Crown Revisited Out of Australia Facilities to draw a new breed of visitor Changing Macau’s Profile Aug 2007 Changing Macau’s Profile Page 6 ~ Changing Macau’s Visitor Profile 4 Page 12 ~ Macau Development Bottlenecks 12 Page 19 ~ The Walls Have Eyes 18 Page 26 ~ Vendor Profile - Videobet 22 Page 28 ~ Destination Singapore 26 Page 32 ~ Crown Revisited 30 Page 34 ~ Riding Asia’s Slot Wave 32 Page 36 ~ Out of Australia 34 Page 40 ~ Regional Briefs 36 Page 42 ~ International Briefs 40 Page 4442 ~ Online Briefs Page 4644 ~ Going Global 45 2 3 4 Editorial Changing Macau’s Profile Sands Macao may have become the biggest table-gaming casino city. When Sands Macao opened, it had a slot to table ratio of 1.46, but in the world, and generates more gaming revenue than many coun- Venetian’s ratio at opening will be 5.06. High returns from putting in tries—last month, Inside Asian Gaming visited the Philippines (report more tables had previously discouraged investment in slot machines to appear in next issue), and while the various casinos were hives of in Macau, but the tide is clearly turning as both table and slot capacity activity, the entire country’s gaming revenue was less than half the show explosive growth, but wins per slot have remained steady while revenue of Sands Macao. wins per table have declined. The properties opening to date in Macau have concentrated pri- The capacity increase has boosted overall casino revenue, which marily on gambling. -
4Q14 Earnings Call Presentation January 28, 2015
The Venetian Macao Sands Cotai Central, Macao Marina Bay Sands, Singapore The Parisian, Macao 4Q14 Earnings Call Presentation January 28, 2015 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 ventures, substantial leverage and debt service, government regulation, legalization of gaming, interest rates, future terrorist acts, influenza, insurance, gaming promoters, risks relating to our gaming licenses, certificate and subconcession, infrastructure in Macao and other factors detailed in the reports filed by Las Vegas Sands Corp. 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 Corp. assumes no obligation to update such information. 2 The Investment Case for Las Vegas Sands The global leader in Integrated Resort development and operation, delivering strong and diversified cash flow and earnings as well as growing recurring dividends Best positioned operator to deliver growth