Sands China confirmed that it has enjoyed a strong financial performance throughout 2024, which has allowed it to move ahead with a few loose payments earlier than expected.
The company has confirmed that it has repaid a subordinated unsecured term loan of $1 billion to its holding company, Las Vegas Sands.
Sands China Repays Debt as It Touts Strong Financials
The news was shared via a filing to the Hong Kong Stock Exchange in which Sands China said that it was pleased to announce that it was able to repay the loan three years ahead of the original due date, July 11, 2028.
The loan was issued in 2022 and repaid on March 27, 2025, as per the filing, owing to the company’s strong performance in Macau in 2024. Sands China raked in a 10.4% increase in annual net casino revenue.
Sands China reported a profit of $1.05 billion in 2024, with total net revenues hitting $7.08 billion over the same period. With the local results remaining buoyant, Macau is still a priority for Las Vegas Sands, which has divested from its real estate in Nevada but has been adamant about maintaining its profile in Macau.
Macau has received $17 billion in investments from Las Vegas Sands over the years to help boost and diversify the Special Administrative Region’s economy and make it less reliant on gross gaming revenue.
LVS Tilting at Casino Windmills in Texas
Meanwhile, Las Vegas Sands has agreed to not pursue – for the time being – casino developments, but focus on a “mixed-use area” that will still stimulate economic growth but address locals’ concerns about gambling.
However, not everyone is convinced that Las Vegas Sands is not using this development as a prelude to usher in casino gambling. Despite strong support among key stakeholders in the state, including investors and sports team owners, the matter of casino resorts in the Lone Star State remains open to discussion.
At the same time, LVS has been pushing for a casino license in downtown New York, where it has similarly faced a not-in-my-backyard attitude and opposition.