Macau casino operator Sands China Ltd said shareholders have approved a final dividend of HKD1.00 (US$0.13) per share for the year ended December 31, 2014.
The payout – approved by the firm’s annual general meeting on Wednesday – is expected to be paid on July 15. It will be available to shareholders whose names appear on the register of members of the company as of June 24, the company had said in a filing to the Hong Kong Stock Exchange in March.
Net revenues for Sands China increased 6.8 percent to US$9.57 billion in 2014 and net income rose 15.4 percent to US$2.55 billion, parent company Las Vegas Sands Corp reported in January.
During Wednesday’s meeting, Sands China shareholders also re-elected to the board company chairman Sheldon Adelson as executive director, Michael Leven as non-executive director, and David Turnbull and Victor Hoog Antink as independent non-executive directors.
Mr Adelson took over the role of chief executive in Sands China earlier this year, replacing Edward Tracy, who retired in March.
Jan 19, 2022Macau’s Legislative Assembly (pictured) will conduct on Monday (January 24), during a plenary session, a formal first reading of the draft bill to amend the city’s gaming law, according to a...
”This [gross gaming revenue] target [for Macau operators] ... is probably introduced to improve overall efficiency of table utilisation, as most properties were meaningfully underutilised even pre-Covid”
DS Kim, Amanda Cheng, and Livy Lyu
Analysts at JP Morgan Securities