Sands China Ltd ADR (SCHYY) - OTCPK - Current
  • Yesterday, 3:29 AM
    | Yesterday, 3:29 AM | 6 Comments
  • Tue, Jun. 21, 8:31 AM
    • An exceptionally soft week in Macau has some analysts scrambling to reset expectations for the full month.
    • Average daily gaming revenue fell 22% W/W to 432M HKD ($55.68M) with the distraction of the Euro 2016 soccer tournament and a low VIP win rate cited as factors.
    • Nomura notes that June revenue could slide to a 5-year low if current trends hold.
    • Macau casino stocks: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY, WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS), MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MGM), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY), Melco Crown (NASDAQ:MPEL).
    | Tue, Jun. 21, 8:31 AM | 13 Comments
  • Tue, Jun. 14, 9:24 AM
    • The buzz out of Macau is that gaming revenue is trending positive after the first 12 days of June.
    • Telsey Advisory Group estimates 5% Y/Y growth, although the analyst team says a high hold percentage could be behind the bump. Sterne Agree confirms the strong start, but notes that the shift of the Dragon Boat Festival to earlier in the month and the potential impact of the Euro soccer tournament need to be considered.
    • Wells Fargo adjusts its forecast for June revenue growth in Macau to -4% to -7% vs. -10% in May after factoring in the early numbers.
    • Macau casino stocks: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY, WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS), MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MGM), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY), Melco Crown (NASDAQ:MPEL).
    | Tue, Jun. 14, 9:24 AM | 19 Comments
  • Wed, Jun. 1, 8:26 AM
    • Gross gaming revenue in Macau fell 9.6% Y/Y to 18.4B patacas ($2.3B) in May, according to the monthly report from the Gaming Inspection and Coordination Bureau. Revenue increased 6% in May on a month-over-month comparison.
    • Tighter policies on phone betting and gaming promoters are seen as contributing to the weak month.
    • Analysts expected a drop of 8% for May after revenue fell 9.5% in April. It's been two years since Macau has seen a month of positive revenue growth.
    • Macau casino stocks: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY, WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS), MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MGM), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY).
    | Wed, Jun. 1, 8:26 AM | 17 Comments
  • Tue, May 24, 10:44 AM
    • Football.Bet.com CEO David Leppo has a tip on how to increase revenue at Macau casinos.
    • "Sports betting lounges are a necessary part of a well-rounded casino product," noted Leppo during his talk at a conference in Macau. He made the case that operators already have the extra floor space with table game limits in place.
    • Sports betting is a paltry business in Macau with only SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY) having a token presence amid some tight local rules. A reminder to investors on why Macau officials may loosen their rules is well-represented in this table of monthly revenue tallies from the Macau Gaming Inspection and Coordination Bureau.
    • Macau casino stocks: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY, WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS), MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MGM), Galaxy Entertainment (OTCPK:GXYEF).
    | Tue, May 24, 10:44 AM | 7 Comments
  • Sun, May 1, 11:06 AM
    • Gross gaming revenue in Macau fell 9.5% Y/Y to 17.34B patacas ($2.17 billion) in April, according to the latest report from the Gaming Inspection and Coordination Bureau.
    • The decline is an improvement from the 16% drop in March and topped the 14% fall-off expected by analysts.
    • The Macau sector is hoping for a second-half boost from new entertainment-focused properties due to open, a list that includes Wynn Palace and the Parisian. The last time Macau casinos showed positive growth for a month was almost two years ago.
    • Macau casino stocks: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY, WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS), MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MGM), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY).
    | Sun, May 1, 11:06 AM | 14 Comments
  • Fri, Apr. 15, 2:19 PM
    • Macau's Gaming Inspection and Coordination Bureau issues a breakdown of Q2 gaming revenue.
    • The previously-reported 13.3 Y/Y drop in total revenue included a 4.8% drop in the mass-market segment.
    • VIP baccarat fell 19.3% to follow on last year's 42% decline.
    • VIP play fell to 42% of all casino revenue, compared to 58% last year.
    • A category with positive growth was live multi game (electronic tables w/live dealer), up 1.9% Y/Y.
    • Analysts are quick to note that some of the comparisons are skewed by the reclassification of many tables to adjust to smoking regulations.
    • Macau casino stocks: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY), Sands China (OTCPK:SCHYY, OTCPK:SCHYF), MGM China (OTCPK:MCHVF, OTCPK:MCHVY), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY), Melco Crown (NASDAQ:MPEL).
    | Fri, Apr. 15, 2:19 PM | 1 Comment
  • Tue, Apr. 12, 6:44 PM
    • Long-time Las Vegas Sands (NYSE:LVS) board member Michael Leven will step down from his position, according to a SEC filing.
    • Leven also plans to exit the board of Sands China (OTCPK:SCHYY, OTCPK:SCHYF).
    • Leven was the COO at Las Vegas Sands for over five years.
    • SEC filing 8-K
    • Shares of Las Vegas Sands are up 27% over the last 90 days.
    • Now read Mr. Market Is Ignoring This Downturn
    | Tue, Apr. 12, 6:44 PM | 3 Comments
  • Tue, Apr. 12, 7:07 AM
    | Tue, Apr. 12, 7:07 AM | 11 Comments
  • Fri, Apr. 1, 8:28 AM
    | Fri, Apr. 1, 8:28 AM | 32 Comments
  • Mon, Mar. 28, 3:58 PM
    • Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS) announces it hired more than 600 new workers for its Parisian Macau resort.
    • The casino operator is targeting a September open for the 3K-room complex after originally hoping to be in operation in June.
    • The cost of the Parisian is estimated at $2.5B.
    | Mon, Mar. 28, 3:58 PM | 2 Comments
  • Thu, Mar. 3, 4:38 AM
    • Macau's economy contracted 20.3% in 2015 as the city was hit by plunging gambling revenue amid China's anti-corruption crackdown and slowing growth.
    • The economy shrank 14.4% in the fourth quarter, according to an e-mailed statement from the local statistics bureau.
    • Gross gaming revenue in the world's biggest gambling hub also recorded its 21st consecutive monthly slump in February, but saw a smaller decrease due to China's Lunar New Year holiday.
    • Macau casino stocks: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY, WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS), MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MGM), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY).
    | Thu, Mar. 3, 4:38 AM | 5 Comments
  • Tue, Mar. 1, 5:28 AM
    • Boosted by an increase in tourist numbers over the Lunar New Year holiday, the Chinese territory of Macau posted impressive monthly figures in February.
    • Gambling revenue dropped 0.1% to 19.5B patacas ($2.4B), the 21st consecutive monthly drop but above analysts' expectations of a fall of 2%-10%, while visitor numbers increased significantly.
    • Chinese high-rolling gamblers have laid low since President Xi Jinping started an anti-corruption campaign in 2013, ending a decade-long Macau boom that propelled the city's casino revenue to seven times more than the Las Vegas Strip.
    • Macau casino stocks: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY, WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS), MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MGM), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY).
    | Tue, Mar. 1, 5:28 AM | 16 Comments
  • Tue, Feb. 16, 9:21 AM
    • Macau attracted 4.7% more visitors during the first week of the Chinese New Year holiday than a year ago, according to the Macau Government Tourist Office.
    • Visits from Mainland China were up 4.3% during the critical week.
    • Despite the traffic bump, Wells Fargo warns that activity at mass market tables was "quiet" as visitors steered toward family options.
    • The news from Nomura was even starker as the firm's rough estimate on daily revenue at tables showed a 20% Y/Y drop.
    • Non-gaming amenities add less to the bottom line than high-rolling baccarat action.
    • Macau stocks are higher after a vibrant rally in Chinese markets earlier today.
    • Macau casino stocks: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY, WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS), MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MGM), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY).
    | Tue, Feb. 16, 9:21 AM | 6 Comments
  • Sat, Feb. 13, 11:37 AM
    • Retail sales rose 11% in China during the key Golden Week holiday period.
    • The solid read backs up some indications from Macau gaming operators that Golden Week activity is strong this year despite the economic turmoil.
    • "The mass component clearly looks a little stronger than in the past," noted Steve Wynn during the Wynn Resorts conference call (transcript) earlier this week. Other gaming companies have also claimed brisk Golden Week business.
    • The gaming sector is at a crossroads with new capacity coming online shortly even with Macau gaming revenue showing negative growth for 20 straight months. More crackdowns from Beijing and Macau's local government could also be in the mix.
    • "We recommend investors maintain patience until there are further policy announcements from the Macau government in addition to post-Chinese New Year trends," tips Macquarie Securities gaming analyst Chad Beynon.
    • Macau casino stocks: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY, WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS), MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MGM), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY).
    • Related ETF: BJK.
    • Related article: The World's Largest Gambling Center's Distress Continues (Feb. 5)
    | Sat, Feb. 13, 11:37 AM | 7 Comments
  • Fri, Jan. 22, 10:05 AM
    • Sands China (OTCPK:SCHYY) flew 10% higher in Hong Kong trading, while Wynn Macau (OTCPK:WYNMY) jumped 6% as most Macau gaming stocks regained their footing.
    • Other movers include Galaxy Entertainment (OTCPK:GXYEF) which is up over 10% and the Melco Crown (MPEL +3.2%) ADRs.
    • Stateside, Las Vegas Sands (LVS +4.5%) and Wynn Resorts (WYNN +3.9%) are also battling back from their rough start to 2016.
    • The gains for casino stock are tied to the broad market rally in China, although some positive traffic data was also released by Macau's Statistics and Census Service. Arrivals to Macau in December rose 3.7% Y/Y and 1.7% M/M. The mix of overnight visitors was higher which is a positive for casinos.
    | Fri, Jan. 22, 10:05 AM | 3 Comments
Company Description
Sands China Ltd. is the leading developer, owner and operator of multi-use integrated resorts in Macao.
Sector: Services
Industry: Resorts & Casinos
Country: Hong Kong