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1928 on Hong Kong Stock Exchange

Sands China

Logo: https://www.sandschina.com/, Non-free logo, via Wikipedia5

Macau gambling company

Sands China Limited (Chinese: 金沙中國有限公司) is an integrated resort developer and operator in Macau and a majority-owned subsidiary of Las Vegas Sands Corporation.3 Its shares trade on Hong Kong Stock Exchange under the symbol 1928.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

$1.6BRevenue, fiscal 20226
-$1.6BNet income, fiscal 20226
2009Founded1

Compare with Choice Hotels, Wyndham Hotels & Resorts or Atour Lifestyle Holdings Ltd, or pick any stock.

  • Ticker1928 on Hong Kong Stock Exchange1
  • Industrytourism1
  • HeadquartersMacau1
  • Websitewww.sandschina.com
  • Legal formlimited liability company1
  • Incorporated inCayman Islands7
  • Business addressThe Venetian Macao Resort Hotel, L/2 Executive Offices, Macao, N5 000007
  • Filer categoryNon-accelerated filer7
  • LEI549300EVO6UZDGY057874
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O WALKERS CORPORATE LIMITED, KY1-9008 George Town, Cayman Islands4
  • Registered withGeneral Registry, WK-2283364

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Sands China Limited (Chinese: 金沙中國有限公司) is an integrated resort developer and operator in Macau and a majority-owned subsidiary of Las Vegas Sands Corporation.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

-72.5%Operating margin6
-98.6%Net margin6
-44.2%Revenue growth, 20226
-$676.0MFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Other costs72¢$1.2B
  • Interest28¢$444.0M
  • Income tax0¢$6.0M

Out of $1.6B in revenue.6 The company lost money this year.

Financial statements

Revenue896$1.6B in 2022−75% since 2016
0$2.5B$5.0B$7.5B$10.0B2016: $6.5B$6.5B20162017: $7.6B$7.6B2017+16%2018: $8.7B$8.7B2018+14%2019: $8.8B$8.8B2019+2%2020: $1.7B$1.7B2020−81%2021: $2.9B$2.9B2021+70%2022: $1.6B$1.6B2022−44%
Operating income896-$1.2B in 2022
-$2.0B-$1.0B0$1.0B$2.0B$3.0B2016: $1.4B$1.4B20162017: $1.8B$1.8B2017+31%2018: $2.2B$2.2B2018+21%2019: $2.3B$2.3B2019+6%2020: -$1.2B-$1.2B20202021: -$537.0M-$537.0M2021−57%2022: -$1.2B-$1.2B2022+117%
Net income896-$1.6B in 2022
-$2.0B-$1.0B0$1.0B$2.0B$3.0B2016: $1.2B$1.2B20162017: $1.6B$1.6B2017+31%2018: $1.9B$1.9B2018+17%2019: $2.0B$2.0B2019+8%2020: -$1.5B-$1.5B20202021: -$1.0B-$1.0B2021−31%2022: -$1.6B-$1.6B2022+51%
Fiscal year20152016201720182019202020212022
Revenue$6.5B8$7.6B8$8.7B9$8.8B9$1.7B6$2.9B6$1.6B6
Operating income$1.4B8$1.8B8$2.2B9$2.3B9-$1.2B6-$537.0M6-$1.2B6
Interest$373.0M6$444.0M6
Income before tax-$1.0B6-$1.6B6
Income tax$3.0M6-$6.0M6
Net income$1.2B8$1.6B8$1.9B9$2.0B9-$1.5B6-$1.0B6-$1.6B6
Earnings per share$0.158$0.208$0.239$0.259-$0.196-$0.136-$0.206
Earnings per share (diluted)$0.158$0.208$0.239$0.259-$0.196-$0.136-$0.206
Shares (weighted, basic)8.1B shares68.1B shares6
Shares (weighted, diluted)8.1B shares68.1B shares6

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Corporate structure

Sands China is part of a group headed by Las Vegas Sands. 16 entities, 6 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Las Vegas Sands Las Vegas, Nevada, United States
    • Sands China 70.1% · Macao, Macau
      • COTAI FERRY COMPANY LIMITED (金光渡輪有限公司) Subsidiary · Macao, Macau
      • VML US FINANCE LLC Subsidiary · Wilmington, Delaware, United States
    • Eurovegas Subsidiary · Alcorcón
    • Las Vegas Sands, LLC Subsidiary · Las Vegas, Nevada, United States
    • LVS (Nevada) International Holdings, Inc. Subsidiary · Nevada, United States
    • Marina Bay Sands Pte. Ltd. Subsidiary · Singapore
    • MBS Holdings Pte. Ltd. Subsidiary · Singapore
    • Venetian Casino Resort, LLC Subsidiary · Nevada, United States
    • Venetian Cotai Limited Subsidiary · Macau
    • Venetian Macau Limited Subsidiary · Macau
    • Venetian Orient Limited Subsidiary · Macau
    • Venetian Venture Development Intermediate II Subsidiary · George Town, Cayman Islands
    • Venetian Venture Development Intermediate Limited Subsidiary · Cayman Islands
    • Antarctica Market Neutral Fund Ltd. Fund · Road Town, British Virgin Islands

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

What it owns

What Sands China reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$7.9B6 Dec 31, 2022$8.5B6 Dec 31, 2021−6.8%
Operating-lease assets (leased space)$548.0M6 Dec 31, 2022$571.0M6 Dec 31, 2021−4.0%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, net$598.0M6 Dec 31, 2022$637.0M6 Dec 31, 2021−6.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$790.0M6 Dec 31, 2022$678.0M6 Dec 31, 2021+16.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$31.0M6 Dec 31, 2022$38.0M6 Dec 31, 2021−18.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$19.0M6 Dec 31, 2022$15.0M6 Dec 31, 2021+26.7%

Subsidiaries and ownership

Parent company

Owners

From Wikidata.1

Timeline

  1. Aug 12, 2024Parent Directly consolidated by Las Vegas Sands4
  2. Nov 30, 2009Went public Listed on Hong Kong Stock Exchange1
  3. 2009Founded Founded1

Filings

50 filings to the SEC since October 2021: 1 annual reports, 49 other. The latest 20:

  1. Mar 31, 202315F-15D EDGAR
  2. Mar 31, 20236-K EDGAR
  3. Mar 30, 202320-F EDGAR
  4. Mar 30, 20236-K EDGAR
  5. Mar 30, 20236-K EDGAR
  6. Mar 30, 20236-K EDGAR
  7. Mar 17, 20236-K EDGAR
  8. Feb 17, 20236-K EDGAR
  9. Feb 7, 20236-K EDGAR
  10. Feb 6, 20236-K EDGAR
  11. Jan 26, 20236-K EDGAR
  12. Dec 30, 20226-K EDGAR
  13. Dec 19, 20226-K EDGAR
  14. Dec 2, 20226-K EDGAR
  15. Nov 30, 20226-K EDGAR
  16. Nov 30, 20226-K EDGAR
  17. Nov 28, 20226-K EDGAR
  18. Oct 24, 20226-K EDGAR
  19. Oct 20, 20226-K EDGAR
  20. Sep 14, 20226-K EDGAR

The 50 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How Sands China is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSands China Ltd.2
  • CIK0001755281
  • Filer statusNon-accelerated filer2
  • Incorporated inCayman Islands2
  • Fiscal year endsDecember 312
  • Industry code (SIC)7011 Hotels & Motels2
  • Business addressThe Venetian Macao Resort Hotel, L/2 Executive Offices, Macao, N5 000002
  • Phone853 8118 28882
  • Shares outstanding8,093,188,866 as of Dec 31, 20226
  • On EDGAR sinceOct 19, 20182
  • Filings99 in all: 6-K (63), CORRESP (10), F-4/A (5), UPLOAD (4), 15F-15D (3), 20-F (3), 424B3 (3), EFFECT (3)2
    All 11 form types

    F-4 (3), DEL AM (1), DRS (1)

  • Latest filingsAnnual report (20-F) Mar 30, 2023

Sources

The numbers on this page point here. Each one links to the record it came from.

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