Analysts say the US-based gambling empire’s move shows the high level of confidence that it has for its Macao-based subsidiary.
Sands China
MGM China is trading just a fraction above its 1 January level. The five other concessionaires’ share prices have dropped between 21 and 48 percent.
Dozens took part in a jovial evening of trivia and good food, while helping to raise funds for charities dealing with men’s health.
Gaming boss Robert Goldstein says speculation should be around how big the market could get, not whether or not it will recover.
Robert G. Goldstein, CEO of Las Vegas Sands, said he was “deeply enthusiastic” about opportunities for growth in the years ahead.
The company is the latest gaming concessionaire to partner with the government on a series of urban regeneration projects.
Macao’s six concessionaires have each been given a maximum number of operators they are allowed to work with, with Sands China and SJM allocated the most.
Local initiatives in neurodivergent rights, eco-friendly materials and corporate responsibility take home the honours.
The concessionaire attributed the performance to the recovery in local tourism in the wake of the pandemic.