Las Vegas Sands to increase shareholding in Sands China
Wednesday 06 de December 2023 / 12:00
2 minutos de lectura
(Macau).- Sands China has announced that its controlling shareholder Las Vegas Sands Corporation (LVS) intends to increase its shareholding in the company.
According to a Tuesday filing to Hong Kong’s stock exchange, the gaming operator’s parent company currently holds approximately 70 per cent of the company’s issued share capital.
The forthcoming share purchase is being carried out by procuring Venetian Venture Development Intermediate II (VVDI (II)), which is an indirect wholly-owned subsidiary of LVS and the immediate controlling shareholder of Sands China.
The transaction, which took place on 5 December, saw VVDI (II) enter into an agreement with a financial institution to acquire Sands China’s shares for up to HKD1.95 billion (US$250 million).
Based on the closing price of HKD20.2 per share on Hong Kong’s stock market at the time of the transaction, the funding amount is equivalent to approximately 96,600,247 shares, representing around 1.19 per cent of the total issued shares of Sands China.
In a note from J.P. Morgan Securities (Asia Pacific), analyst DS Kim described the share purchase as “meaningfully positive for Sands China”.
“The news signals strong confidence or commitment from management, which is something that is needed to stabilise (frustratingly) bearish investment sentiment of late,” he wrote.
According to J.P. Morgan, the planned amount of about HKD1.95 billion involved in the share purchase should not be considered insignificant compared to the total number of shares available for trading.
This substantial amount is equivalent to 6.5 days’ worth of Sands China’s trading value based on the average daily trading volume over the past three months.
Categoría:Gaming
Tags: Sin tags
País: Macao
Región: EMEA
Event
SiGMA Central Europe
03 de November 2025
NOVOMATIC Italia showcases innovation and responsible growth at SiGMA 2025
(Gumpoldskirchen/Rome).- NOVOMATIC Italia took center stage at SiGMA Central Europe 2025 in Rome (November 4–6), a premier international event for the gaming and digital technology industry. The Group highlighted ADMIRAL Pay, its Bank of Italy–authorized payment institution, alongside Quigioco, its online gaming brand, presenting a forward-looking and sustainable vision for the future of payments and digital entertainment.
Wednesday 12 Nov 2025 / 12:00
SiGMA Central Europe 2025 Closes First Edition with High Attendance and Roman-Inspired Experiences
(Rome, Exclusive SoloAzar) - The first edition of SiGMA Central Europe in Rome came to a close, leaving a strong impression on the iGaming industry. With thousands of attendees, six pavilions brimming with innovation, and an atmosphere that paid homage to Roman history, the event combined spectacle, networking, and business opportunities. It also yielded key lessons for future editions.
Friday 07 Nov 2025 / 12:00
Innovation, Investment, and AI Take Center Stage on Day 3 of SiGMA Central Europe
(Rome, SoloAzar Exclusive).- November 6 marks the final and most dynamic day of SiGMA Central Europe 2025, with a packed agenda that blends cutting-edge tech, startup energy, and investor engagement. With exhibitions, conferences, and networking opportunities running throughout the day, Day 3 promises to close the event on a high note.
Thursday 06 Nov 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.