Sands China Announces Bonus and Wage Increase for Team Members

         

(Macao, Jan. 18, 2019) – Sands China Ltd. (HKEx: 1928) will pay a discretionary bonus to all eligible full-time team members on Jan. 31, 2019, in recognition of their contributions in 2018.
 

In addition, the company is adjusting the wages of eligible team members effective March 1, 2019, benefiting 99 per cent of Sands China’s approximately 28,000 team members.
 

On January 31, 2019, a discretionary bonus equivalent to one month’s pay will be paid to non-management team members who have been with the company for one year or more. A discretionary bonus will also be paid to all management team members based on the company’s Management Incentive Plan. Those who have worked for Sands China for less than one year will receive prorated bonuses if they joined the company before October 1, 2018, and are still employed on January 31, 2019. 
 

Effective March 1, 2019, an increase in wages of MOP 600 per month will be paid to eligible full-time team members who earn MOP 13,000 or less per month (before tax). This will result in an effective pay increase for those team members of between 4.6 and 6 per cent. Eligible full-time team members earning monthly salaries above MOP 13,000 will receive a 2.5 per cent pay rise.
 

“Sands China is very pleased to announce this discretionary bonus and wage adjustment for our team members,” said Dr. Wilfred Wong, president of Sands China Ltd. “Our team members are the company’s greatest asset and the key to our success, and each and every one of them has my sincere gratitude for their contributions in 2018. As we mark the 15th anniversary of Sands Macao later this year, I look forward to working together with all our team members to continue delivering outstanding guest experiences and achieving more milestones.”

 

SANDS CHINA

Photo Caption: Sands China Ltd. is paying a discretionary bonus on Jan. 31, 2019, to all eligible full-time team members. In addition, the company is planning to adjust the wages of the majority of its team members effective March 1, 2019.


###


 

About Sands China Ltd.

Sands China Ltd. (HKEx: 1928, Sands China or the Company) is a Cayman Islands registered company 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 portfolio is comprised of The Venetian® Macao, The Plaza® Macao, Sands® Cotai Central and The Parisian Macao. The Company also owns and operates 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 Cotai Arena, The Venetian Theatre, The Parisian Theatre and the Sands Cotai Theatre; and a high-speed Cotai Water Jet ferry service between Hong Kong and Macao. The Company’s Cotai Strip portfolio has the goal of contributing to Macao’s transformation into a world centre of tourism and leisure. Sands China is a subsidiary of global resort developer Las Vegas Sands Corp. (NYSE: LVS).

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