Sands China repays US$1 billion loan 3 years early

Macau casino operator Sands China (1928) repaid a US$1 billion (HK$7.8 billion) loan to its controlling shareholder earlier than due, as the business continues to recover.

Sands China obtained a loan from Las Vegas Sands in July 2022, which was due in the same month in 2028.

The company announced on Friday that it has repaid the loan in full on Thursday.

Sands China’s net profit jumped 51 percent year-on-year to US$1.05 billion last year.

Shares of Sands China once dipped 1.57 percent to HK$16.30 on Friday.

STAFF REPORTER