Sands China Ltd Shs Unitary 144A/Reg S

01928: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Sands China Earnings: Soft Start in 2025, but Set for Growth With the Launch of Londoner Phase 2

Jennifer Song

Apr 24, 2025

Sands China posted a weak set of first-quarter results, with a 2% quarter-on-quarter fall in gross gaming revenue, or GGR, to USD 1.6 billion, and a 6% decline in adjusted EBITDA to USD 535 million.

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Sands China Ltd Shs Unitary 144A/Reg S

Sands China Earnings: Soft Start in 2025, but Set for Growth With the Launch of Londoner Phase 2

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