Corporate Bits: Sands China achieves record results

Sands China announced financial results for the 2014 fiscal year on Friday, and has reported all-time highs in all three key performance indicators: net revenues, adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) and profit. Net revenues for 2014 increased 6.7 percent to USD9,505.2 million. Increases were recorded in every segment of the business. These were mainly driven by increased visitation, resulting from efforts in marketing and management’s focus on both mass market and VIP guests.
Adjusted EBITDA for 2014 were at an all-time high USD3,261.0 million, an increase of 12.4 percent compared to figures from 2013. The performance was driven by revenue increases in all business segments as a result of an increase in visitation, management’s continued focus on both mass market and VIP guests, and the company’s integrated resort business model. Profit for 2014 also increased 15.0 percent to a record USD2,547.7 million. “Our properties continue to generate market-leading visitation, and in 2014 we welcomed nearly 70 million visitors to our properties. We are incredibly proud to help drive increased visitation to Macau and Cotai from across the region, and to contribute to Macau’s diversification,” said Sheldon Adelson, Chairman of Sands China.

ctm: ‘walk for a million’ fundraising concluded

CTM was able to raise a total of MOP45,460 from over 1,700 donations between last November and January 2015.
The company partnered with the Charity Fund From The Readers of Macao Daily News (Charity Fund) to establish a donation platform via its Internet and mobile networks, and to launch the Bonus Point Redemption Scheme for the purpose of raising more funds for “Walk For A Million”.
Between November 18 and January 31, CTM customers could make a donation of MOP30 each time through their mobile device or the donation website. A total of MOP38,340 was raised, with more than 1,200 donations recorded upon conclusion of the campaign.
In the meantime, CTM also launched the Bonus Point Redemption Scheme between last November and this January. For every 500 CTM bonus points donated by customers to the Charity Fund, CTM made a cash donation of MOP10 to the Charity Fund, with the objective of raising more funds for society’s underprivileged groups. With over 350,000 bonus points redeemed by customers, the campaign raised a total of MOP7,120 for the Charity Fund.