Sands Corp will increase investment in Macau
Sands Corp plans to invest more than $ 2 billion in projects located in Macau. The company intends to renew the license in the territory controlled by China.
The company's management has disclosed details about the upcoming investments. Most of them will be aimed at updating, expanding and rebranding the Sands Cotai Central complex at The Londoner Macao. According to the plan, in the first-year investments will amount to $ 1.35 billion.
The company also allocated $ 400 million for St Regis Tower Suites Macao and $ 450 million for Four Seasons Tower Suites Macao, the construction of which will be completed by the first quarter of 2020. The construction of the Londoner Macao will begin next year and is expected to be completed in 2021.
In total for 14 years of work on the Macau market, Sands Corp has invested more than $ 14 billion in projects. The company expects this to convince Chinese government leaders to renew the company's concession in the special administrative district, which expires in 2022.
Recall that Sands China Ltd, a subsidiary of Las Vegas Sands Corp, on August 5 announced the launch of a large-scale campaign to raise awareness of its employees in the topic of respect and ethics in the workplace.
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