Sands China COO on Macau Post-Covid Recovery as New Resort Opens

The transcript discusses the recovery of gross gaming revenue post-pandemic, focusing on the mass market and the potential for Macau to attract regional tourists. The international strategy emphasizes Macau and Singapore, with a focus on reinvestment. Manpower shortages and room inventory constraints are highlighted as challenges, but improvements are expected. The company plans significant investments in non-gaming amenities to attract business tourism and international visitors.

What is the expected recovery level of the mass market in the first quarter post-pandemic?

• No recovery observed

• About 1/3 of pre-pandemic levels

• About 2/3 of pre-pandemic levels

• Fully recovered to pre-pandemic levels

Which two key markets is the company focusing on for reinvestment?

• Greater China and North Asia

• Singapore and Thailand

• Macau and Thailand

• Macau and Singapore

What was a major constraint on the pace of recovery in the first quarter?

• Lack of demand

• Lack of room inventory

• High labor costs

• Excessive supply

What is the company's biggest differentiator in attracting visitors?

• Shopping experiences

• Cultural events

• Business tourism

• Family-friendly attractions

How much is the company planning to invest in non-gaming amenities over the next 10 years?

• 10 billion MOP

• 20 billion MOP

• 30 billion MOP

• 40 billion MOP