: Internationale Geldgeber werden vorsichtig
27.7.2011 wegen fehlender Genehmigungen für die Projekte,aber chinesische Banken sind gerne bereit,das Geld zur Verfügung zu stellen.... diese Variante wird offenbar von der Regierung in Macao bevorzugt
Sands has an about 20 percent share of Macau's lucrative gambling market, where revenue streams are at least four times higher than those in Las Vegas. The share is second only to the 30 percent share held by tycoon Stanley Ho's SJM Holdings Ltd.
Macau has been a center for smuggling and crime throughout its history, but in recent years has sought to upgrade its rough-edged image with a frenzy of neon lights and Playboy bunnies, bolstered by mainland gamblers that flock to China's only legal casino gambling destination.
(Reuters) - Uncertainty over the future of lucrative casinos operating in Macau is prompting international lenders to shy away from financing upcoming projects, leaving the door open for Chinese banks eager to reap a bigger slice of the booming market.
Concessions in the glitzy enclave that will start expiring in 2020 for the six licensed operators are a key concern for international banks that say a lack of clarity over the renewal process is a clear deterrent for them to invest.
An hour away from Hong Kong by ferry, the former Portuguese colony has been a goldmine for international investors, producing revenue streams set to exceed those for rival Las Vegas by at least five times this year.
With a string of new casinos in the pipeline and unsatiated demand from mainland gamblers, Macau's potential is still huge.
Annual gambling revenues are estimated to hit $50 billion by 2015, more than the GDP of Sri Lanka, Bulgaria or Costa Rica.
International investors are becoming cautious however, asking how and if the six concession licenses will be renewed. The possibility is slim though that the government will revoke them completely.
The six licensed operators are: MGM Resorts' (MGM.N) MGM Macau (2282.HK), Las Vegas Sands' (LVS.N) Sands China (1928.HK), Wynn Resorts' (WYNN.O), Wynn Macau (1128.HK), SJM (0880.HK), Galaxy Entertainment (0027.HK) and Melco Crown (MPEL.O).
U.S. casinos operating in Macau may be most affected and forced to cede more control of their multi-billion dollar properties, relying more on Chinese investment to cement their places in the world's largest casino gambling destination.
The risks are obvious for lenders considering whether to invest in upcoming casino projects, many of which have hazy completion dates and have yet to be formally approved by the government.
"It will just be a waste of time for us to do loan syndication when the borrower has not secured all the government approvals," said a senior loan banker with an international bank.
Casino mogul Steve Wynn's Wynn Macau, along with MGM Macau and SJM, are awaiting final approval from the government to begin construction on their new multi-billion casino properties located on Macau's Cotai strip, a stretch of land under development that is currently home to billionaire Sheldon Adelson's Venetian.
If the approvals come within the year as casino executives have repeatedly said they would, the earliest completion date for a new property is 2015. That does not factor in potential labor disruptions or a financial slump similar to 2008 when Adelson was forced to halt construction of his Cotai property.
CHINESE BANKS EAGER TO DOMINATE
Chinese banks have said they are ready to step in to fund new projects and are less concerned about the potential regulatory risks because of their close ties with the Chinese government.
Industry analysts say Chinese banks have either obvious or indirect backing from the government, so they are more likely to be aware of any future plans regarding Macau's casino industry.
"The license expiry doesn't bother us at all when it comes to extending a loan to these gaming operators. We don't see any reason why the government would not renew their license to them in 2020 unless they do something terribly wrong," said one banker at a major Chinese bank..... Investment by Chinese lenders is increasingly being favored by officials over foreign capital, Macau law professor Jorge Godinho said.
"I do see that the government is encouraging more investment, particularly, local Chinese, Chinese capital, to invest in Macau's gaming and entertainment industry, so as to balance the formally lop-sided American interest," he said.
"It is quite different from what we saw about five years ago when American interest was so very visible in Cotai that I would say Macau was invaded by Americans."...."The concessionaires must have our approval to get finance. Any financing must have our approval. They choose the banks, they choose the way they do the finance," said Manuel Das Neves, director of Macau's Gaming Inspection and Coordination Bureau. "All the banks will certainly not finance without the government's acknowledgement or approval."
Matthew Kwok: Sands China Ltd (01928) Preis: 28,50 $ Kursziel: 32,00 $ Stop: $ 26,80 2012-02-08 09:39:46
Matthew Kwok, Vice President (China Division) von Haitong International Securities Group Limited, sagte Sands China Ltd (01.928) ist derzeit der Favorit für die neue Blue-Chip in der vierteljährlichen HSI Kritik. Das Unternehmen kündigte Anfang letzten Jahres das vierte Quartal einen Gewinn, die Entsendung vierteljährliche Anstieg von 12% auf USD1.3 Milliarden, treiben das bereinigte EBITDA um 12% vierteljährlich zu USD430 Millionen steigen. Die bereinigte EBITDA-Marge erhöhte sich um 0,1 Prozentpunkte auf 33,4% vierteljährlich. Sands China bezahlt Zwischendividende von 0,58 $ pro Aktie, Kennzeichnung seiner ersten Dividendenzahlung seit dem Listing im Jahr 2009. Nach den Management-Richtlinien, erwägt die Gruppe eine abschließende Dividende im Juni, im Hinblick auf den aktuellen Aktienkurs, der Ertrag wird voraussichtlich 4% zu erreichen. Die erste Phase des Unternehmens neue Projekt "Sands Cotai Central" wird voraussichtlich im ersten Quartal abgeschlossen sein. Das Projekt wird etwa 200 Massenmarkt Spieltischen, über mehr als 1.000 Spielautomaten und einem PaizaClub, an denen etwa 40 privaten Spielräume und 140 VIP-Spieltischen und über 1,2 Millionen Quadratmeter Verkaufsfläche, Kultur, Freizeiteinrichtungen, gastronomische Einrichtungen und Ausstellungsorte . Das Unternehmen hat sich das Geschäft diversifiziert, Beteiligung an Operationen in der Gaming-und Non-Gaming-Markt, mit High-End-Marken-Image, um eine breite Palette an Basis erfassen die Industrie Aufwärtstrend, einen guten Track Record und erfahrenes Management-Team. Die Eröffnung des Sands Cotai Zentral-und die Verbesserung der bestehenden Eigenschaften kann bis die Ertragskraft des Konzerns Wachstumsdynamik. Obwohl die Aktie großer Gewinn geschrieben, aber es hat noch einen optimistischen Ausblick. (R)
Regulation FD Disclosure, Financial Statements and Exhibits
Artikel 7,01 Regulation FD Disclosure.
Am 6. September 2012, eingereicht Sands China Ltd ("SCL"), eine indirekte Tochtergesellschaft der Las Vegas Sands Corp mit Stammaktien an der Börse von Hong Kong Limited (die "SEHK") aufgeführt sind, ihren Zwischenbericht in Bezug der Zeitraum von sechs Monaten zum 30. Juni 2012 (der "2012 Zwischenbericht") mit der SEHK. Der 2012 Zwischenbericht ist als Anlage 99.1 diesem Bericht beigefügt und wird durch Bezugnahme in diesem Artikel aufgenommen.
Die Informationen in dieser Form 8-K und Exhibit 99.1 beigefügten gelten nicht als "eingereicht" für die Zwecke des § 18 des Securities Exchange Act von 1934 in seiner geänderten Fassung, noch gilt sie als durch Bezugnahme in irgendeiner Ablage unter dem Securities werden Act von 1933 in seiner geänderten Fassung, mit Ausnahme der ausdrücklich dargelegt werden durch einen entsprechenden Verweis in einem solchen Anmeldung.
Bin heut früh mal eingestiegen. Wollt schon länger ne Macau Aktie haben.
Hier kurz die Highlights ausm Interims Report 2018.
FINANCIAL HIGHLIGHTS ? Adjusted property EBITDA for the Group was US$1.54 billion (HK$12.08 billion) in the first half of 2018, an increase of 25.4%, compared to US$1.23 billion (HK$9.58 billion) in the first half of 2017. ? Total net revenues for the Group were US$4.27 billion (HK$33.47 billion) in the first half of 2018, an increase of 17.3%, compared to US$3.64 billion (HK$28.37 billion) in the first half of 2017. ? Profit for the Group was US$979 million (HK$7,683 million) in the first half of 2018, an increase of 44.4%, compared to US$678 million (HK$5,292 million) in the first half of 2017.
On a GAAP basis, total net revenues for SCL increased 13% to $2.15 billion in the third quarter of 2018, compared to $1.90 billion in the third quarter of 2017. Net income for SCL increased 13% to $454 million in the third quarter of 2018, compared to $403 million in the third quarter of 2017.
SANDS CHINA LTD (01928.HK) announced to declare an interim dividend of HK$0.99 per share payable to shareholders of the Company. It is expected that the Interim Dividend will be paid on February 22, 2019.
For the Quarter Ended December 31, 2018 (Compared to the Quarter Ended December 31, 2017)
- Consolidated Net Revenue Increased 2.5% to $3.48 Billion - Due to U.S. Tax Reform, Net Loss of $40 Million and $0.22 per Diluted Share Includes a Nonrecurring Non-Cash Income Tax Expense of $727 Million - Adjusted Earnings per Diluted Share Was $0.77 and Excludes the $0.93 Impact per Diluted Share Due to U.S. Tax Reform - Hold-Normalized Adjusted Property EBITDA Increased 0.2% to $1.30 Billion, Consolidated Adjusted Property EBITDA Was $1.27 Billion - In Macao, Adjusted Property EBITDA Increased 7.7% to $786 Million - At Marina Bay Sands in Singapore, Adjusted Property EBITDA Was $362 Million - At Our Las Vegas Operating Properties, Adjusted Property EBITDA Was $100 Million, While Hold-Normalized Adjusted Property EBITDA Increased 9.6% to $125 Million - The Company Paid Quarterly Dividends of $0.75 per Share - The Company Repurchased $430 Million of Common Stock During the Quarter
The company increased the annual dividend for the 2019 calendar year to $3.08, or $0.77 per common share per quarter,
? Net revenues were US$8.67 billion (HK$67.85 billion) for the year ended December 31, 2018, an increase of 14.2%, compared to US$7.59 billion (HK$59.29 billion) for the year ended December 31, 2017.
? Operating expenses were US$6.51 billion (HK$50.99 billion) for the year ended December 31, 2018, an increase of 12.0%, compared to US$5.81 billion (HK$45.43 billion) for the year ended December 31, 2017.
? Adjusted property EBITDA for the year ended December 31, 2018 increased 17.9% to US$3.08 billion (HK$24.11 billion), compared to US$2.61 billion (HK$20.41 billion) for the year ended December 31, 2017.
? Profit for the year ended December 31, 2018 was US$1.87 billion (HK$14.68 billion), an increase of 17.0%, compared to US$1.60 billion (HK$12.53 billion) for the year ended December 31, 2017.
- Net revenues were US$8.67 billion (HK$67.85 billion) for the year ended December 31, 2018, an increase of 14.2%, compared to US$7.59 billion (HK$59.29 billion) for the year ended December 31, 2017.
- Operating expenses were US$6.51 billion (HK$50.99 billion) for the year ended December 31, 2018, an increase of 12.0%, compared to US$5.81 billion (HK$45.43 billion) for the year ended December 31, 2017.
- Adjusted property EBITDA for the year ended December 31, 2018 increased 17.9% to US$3.08 billion (HK$24.11 billion), compared to US$2.61 billion (HK$20.41 billion) for the year ended December 31, 2017.
- Profit for the year ended December 31, 2018 was US$1.87 billion (HK$14.68 billion), an increase of 17.0%, compared to US$1.60 billion (HK$12.53 billion) for the year ended December 31, 2017.
- The Board declared an interim dividend of HK$0.99 (equivalent to US$0.127) per share, which was paid on February 22, 2019, and proposed a final dividend of HK$1.00 (equivalent to US$0.127) per share, which is subject to the approval of the Shareholders, for the year ended December 31, 2018. Total dividend paid during the year ended December 31, 2018 was HK$1.99 (equivalent to US$0.254) per share, in line with the HK$1.99 (equivalent to US$0.257) per share during the year ended December 31, 2017.
On a GAAP basis, total net revenues for SCL increased 8% to $2.33 billion in the first quarter of 2019, compared to $2.16 billion in the first quarter of 2018. Net income for SCL was unchanged at $557 million in the first quarter of 2019 and 2018.
J.P. Morgan cut its target price for Sands China (01928) to HK$45.5 from HK$46.5 and maintained its "overweight" rating. The research house said Sands offers a relatively low-risk, high-return investment opportunity. JPM looks at Sands as the best way to play the structural mass story given its outsized exposure (mass/non-game driving well over 90% of EBITDA), as well as unparalleled dominance in mass with ample room (it controls the majority of casino hotel rooms in Macau) and powerful clustering. The stock is also essentially VIP risk-free (junkets driving 5% of EBITDA), while its defensive business mix and well-supported 6% dividend yield should provide downside protection in this turbulent market.
2018 AWARDS -LEED1 Silver® for Building Design and Construction (The Parisian Macao) - Macao Green Hotel Platinum Award(The Venetian Macao) - Macao Green Hotel Gold Award (The Parisian Macao and Four Seasons Hotel Macao) - ISO20121 Event Sustainability Management System (The Venetian Macao and The Parisian Macao) - ASHRAE Technology Award ? Global Honorable Mention Award
- 26.3MILLION kWh of energy saved through LED installations and optimization of temperature control. - 35,000 HYGIENE KITSbuilt in 2018 for Clean the World during the fifth year of our partnership. - 100% of The Parisian Macao?s bus fleet running on low-emission compressed natural gas ("CNG"). - 168,072TEAM MEMBER ACTIONSaiming to protect theenvironment taken. - 90 COMMUNITY ACTIVITIES supported in 2018, including Fuhong Society of Macau?s ?Happy Market? and response to Typhoon Mangkhut. - 125,000 CLEAN PLATES RETURNED during the Clean Plate Challenge, reducing food waste. - 14 SIGNATURE RESTAURANTS across our resorts offering meat-free dishes, in addition to green menu available for meetings, incentives, conferences and exhibitions (?MICE?) clients. - TWO ZERO WASTETO LANDFILL EVENTS PILOTED including The Sands Macao Fashion Week 2018 and The Sands Supplier Excellence Awards 2018. - 4,613 TONS OF WASTE DIVERTED through recycling in 2018.
announced to give a one-time special award to eligible full-time team members of qualifying grades on Aug. 30, reported Macao Daily News. The award will benefit 99 per cent of Sands China?s more than 28,000 team members.