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·Net revenues increased 33.4 per cent to US$6,511.4 million (HK$50,466.6 million) in 2012, compared to US$4,880.8 million (HK$37,914.1 million) in 2011. 

·A record US$1,977.7 million (HK$15,328.2 million) of adjusted EBITDA for the Group, an increase of 25.5 per cent compared to US$1,576.0 million (HK$12,242.4 million) in 2011. 

·Adjusted profit* for the Group increased 27.8 per cent to US$1,516.5 million (HK$11,753.6 million), compared to US$1,186.8 million (HK$9,219.1 million) in 2011. 

(Macao, February 07, 2013) – Sands China Ltd. (HKEx: 1928) announced its financial results for the 2012 fiscal year on Thursday. The Company’s goal is to create Asia’s premier gaming, leisure and convention destination through its development and business strategies. The positive financial results for the year 2012 demonstrate the strength of the Company’s strategies in achieving this goal.

“Our properties continue to generate market-leading visitation, and in 2012 we welcomed over 46 million visitors to our Cotai Strip properties, including over 5 million in the month of December alone,” said Sheldon Adelson, Chairman, Sands China Ltd. “We are incredibly proud to be contributing to the increasing visitation to Macao from across the region. Importantly, the benefits of our integrated resort business model extend far beyond our own financial success. The Company’s properties and service offerings enhance Macao’s appeal as a business and leisure tourism destination, helping to diversify Macao’s economy and to provide meaningful employment opportunities for the people of Macao…Importantly, we could not have achieved our record financial results without the hard work and dedication of Sands China’s more than 25,000 team members and I look forward to their continued contributions in the years ahead.”

Net revenues

Net revenues for 2012 rose 33.4 per cent to US$6,511.4 million, compared to US$4,880.8 million for the previous year. Increases were recorded in every segment of the business, mainly driven by the opening of the Company’s newest integrated resort, Sands^® Cotai Central, in 2012, as well as strong visitation resulting from continuous efforts in marketing and management’s focus on both mass market and VIP guests.

Adjusted EBITDA

Adjusted EBITDA for 2012 was US$1,977.7 million, a gain of US$401.7 million, or 25.5 per cent, compared to US$1,576.0 million in 2011. The strong performance was driven by revenue increases in all business segments, as a result of the opening of Sands Cotai Central, management’s continued focus on both mass market and VIP guests, and the Company’s integrated resort business model, which drove significant growth in the high-margin rooms, mall and other non-gaming businesses. In addition, management continued to focus on driving operational efficiencies throughout both gaming and non-gaming areas of the business, driving further improvement in adjusted EBITDA.

Adjusted profit for the year

Adjusted profit* for 2012 increased 27.8 per cent to US$1,516.5 million, compared to US$1,186.8 million for the previous year.

The full Sands China Ltd. annual results announcement can be found on the website of The Stock Exchange of Hong Kong Limited or at www.sandschinaltd.com.

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About Sands China Ltd.

Sands China Ltd. (HKEx: 1928, Sands China or the Company) is a subsidiary of global resort developer Las Vegas Sands Corp. (NYSE:LVS), and is listed on The Stock Exchange of Hong Kong Limited. Sands China is the largest operator of integrated resorts in Macao. The Company’s Cotai Strip™ Resorts is comprised of The Venetian^® Macao-Resort-Hotel, The Plaza™ Macao and Sands^®Cotai Central. The Company also owns and operates the Sands^® Macao on the Macao peninsula. The Company’s integrated resorts contain a diversified mix of leisure and business attractions and transportation operations, including large meeting and convention facilities, a wide range of restaurants, shopping malls, world-class entertainment at the CotaiArena™ and the Venetian Theatre, and a high-speed Cotai Water Jet ferry service between Hong Kong and Macao. The Company’s property development projects on Cotai have the goal of transforming Cotai into Asia’s premier entertainment and business destination.

For more information, please visit www.sandschinaltd.com.