Sands China optimistic about Macau casinos

Despite an 81 per cent hit on its revenues in the year to June 30, Sands China remains optimistic about its immediate future and remains committed to Macau.

It said in a statement: “The group remains confident that travel and tourism spending in Macau will eventually fully recover.”

The company operates five venues, the Venetian, Cotai Central, Parisian, Plaza and Sands. Restrictions after they reopened sent revenues plunging to US$625m. The main drawback, apart from health and safety protocols, was the withdrawal of permits to visit Macau from the mainland.

Mandatory quarantine from mainland China was lifted last week and visas will now be accepted from August 26 for the local Guangdong province and from the rest of China from September 23.

Sands is continuing to work on a $2.2bn programme to convert its Cotai Central into The Londoner Macau, a UK-themed venue.