Sands China priced US$1bn in senior unsecured notes, reportedly to repay existing debt, cover operating expenses and meet corporate needs. The headline says the bonds will refinance debt maturing by 2033.
Sands China’s bond issue is intended to repay existing debt, cover operating expenses and meet corporate needs.
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Singapore’s High Court blocked Venetian Macau’s attempt to enforce a Hong Kong judgment over a gambling debt. The ruling prevents the casino operator from recovering the debt through Singapore’s courts.
Sands China announced an interim dividend of HKD0.50 (US$0.06) per share. The dividend doubles the prior-year payment and totals HKD4.05bn, with payment scheduled for 9 October 2026.
Sands China reported a decline in second-quarter profit, as Macao casino operators continued a difficult start to the second half of the year. The company's share price rose to almost HKD 14 ($1.80) by the end of last week.
It was reported that Sands China earned US$107m in the three months ending 30 June, a 50% year-on-year decline. Revenue fell 0.8% to US$1.78bn.
Kalshi reportedly completed a $1bn Series G funding round, with Sequoia Capital and Wellington Management leading the investment. The report put the prediction-markets company’s valuation at $40bn.