Sands China said today it estimates that the net proceeds from the offering of senior notes will be about US$1.48 billion (MOP 11.8 billion) and that it intends to use the net proceeds for incremental liquidity and general corporate purposes.
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The Hong Kong Health Secretary Sophia Chan announced Tuesday that the ban on foreign non-residents entering the city, that was due to expire on June 18, will be extended until September 18.
Sands China said in a statement this week it “believes it will be able to support its continuing operations, complete the major construction projects that are underway, and respond to the current COVID-19 pandemic challenges.”
The Macao Science Centre (MSC) incurred a loss of MOP 165 million last year, Mak Soi Kun, who heads the legislature’s Follow-up Committee for Public Finance Affairs, quoted its representatives as saying on Tuesday.
Prices of frozen meat from Brazil could increase by 40–50% due to the novel coronavirus pandemic that has caused the shutdown of more than 10% of meat factories in Brazil.
The FIA World Touring Car Cup (WTCR) has updated the calendar of races for the 2020 season on its website and it does not include Macao.
Sands Chairman and Chief Executive Officer Sheldon G. Adelson and his wife Miriam have been saddened by the passing of Macao gaming magnate Dr. Stanley Ho Hung Sun last week.
Chief Executive Ho Iat Seng on Monday underlined the importance of Macao’s participation in the development of the Greater Bay Area (GBA), with special emphasis on development projects in Hengqin initially.
The government provisionally plans that it will pick-up local residents studying overseas who arrive at Hong Kong’s airport and transport them back to Macao.