(Macao, February 19, 2013)
– Global Betting and
Gaming Consultants (GBGC) has listed Sands China Ltd. as the world’s second
most valuable gaming company, according to a report posted online by the Las
Vegas Review-Journal on Monday. The recent ranking of gaming companies was based
on their market capitalisation, valuing Sands China at US$37.8 billion, with parent
company Las Vegas Sands Corp. taking the global top spot with US$44.2 billion.
Market capitalisation (or market
cap) is the total value of the issued shares of a publicly traded company: it
is equal to the share price times the number of shares outstanding.
“Share price, in other words, is
half the story of the market cap – the number of shares is the other half
of the equation,” said Jason Cheong, Director of Investor Relations, Sands
“Sands China’s exceptionally strong
market capitalisation is a concrete indicator of the success of both the
integrated resort concept, and its application to Macao’s market,” said Edward Tracy, President and Chief
Executive Officer, Sands China Ltd. “This innovative strategy, pioneered by our
company chairman Sheldon Adelson, has provided a model of economic diversification
that has not only given outstandingly high value to the shareholders, but at
the same time is helping lead Macao in its transformation into a world centre
of tourism and leisure.”
GBGC’s global top 20 ranking included
traditional casino operators, online gaming companies with businesses based in
legal Internet wagering markets, gaming equipment manufacturers and bookmakers.
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
are 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.