Sands China said Raymond Voon had resigned with immediate effect as senior vice-president of marketing strategy and loyalty, and appointed Philip Lam to lead loyalty marketing. Lam will report to Hubert Wang and retain responsibility for Asia and non-Asia market development and slot market development.
The leadership change affects Sands China’s marketing and loyalty functions across its Macau operations.
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Sands China completed a US$1bn private offering of senior unsecured notes on Tuesday, according to filings by parent Las Vegas Sands. The issue comprises US$700m of 6.400% notes due in 2032 and US$300m of 6.700% notes due in 2033. The company said it intends to use proceeds and cash on hand to redeem US$700m of notes due in 2027, repay its revolving facility and fund general corporate purposes, including capital expenditure.
Sands China said it plans to issue US dollar-denominated senior unsecured notes to refinance US$700 million of notes due on 8 March 2027 and repay borrowings under its revolving credit facility. The proposed proceeds, combined with cash on hand, would also cover accrued interest and general corporate needs; the offering's size and terms remain undecided and completion depends on market conditions and investor interest.
Macau's six casino concessionaires signed on as limited partners in the Macau SAR Government Guidance Fund on 23 October, committing a combined MOP9bn ($1.12bn). With MOP11bn from fiscal reserves, the fund starts with about MOP20bn ($2.48bn). Commitments count toward the operators' non-gaming investment pledges under concessions running to 2032.
Las Vegas Sands Corp reportedly increased its ownership stake in Sands China above 75.5%, as it continued its Macau investment strategy. The available report text does not specify the size or timing of the increase.
Sands China reported an 8.4% sequential revenue increase in Q3 2026. Las Vegas Sands Corp cited higher gaming volumes across its Macau integrated resorts, while the headline noted market-share gains and softness in high-end play and Londoner hold.