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Sands China to pay 1st-ever dividend

Feb. 1, 2012 (China Knowledge) - Sands China Ltd<1928>, the Macau unit of casino operator Las Vegas Sands Corp, has said that it will pay HK$0.58 per share as its first-ever dividend to shareholders after the firm was listed on the Hong Kong Stock Exchange in November 2009.

The interim dividend would be payable to those who have shares in Sands China as of February 20, said the casino operator, adding that the payout will occur on around February 28.

Shares of Sands China increased 19% in January 2012, outperforming the 10% gain in the benchmark of Hang Seng Index.

Besides Sands China, SJM Holdings Ltd<0880> and Wynn Macau Ltd<1128> are the only two of Macau's six casino operators to have paid dividends.

In Macau, the casino revenue rose 25% in December 2011 to MOP 23.6 billion or US$2.95 billion, boosted by increased Chinese tourists. Macau's gambling sales more than tripled in the past four years, sources reported.

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