The Macao government announced total visitation from mainland China to Macao increased approximately 52.9% during the six months ended June 30, 2024, as compared to the same period in 2023, with gross gaming revenue increasing approximately 41.9%.

The Company's operations in Singapore continued to be positive as travel and tourism spending increased, resulting from the elimination of all remaining COVID-19 border measures in February 2023.

The Company continues work on Phase II of The Londoner Macao, and the MBS Expansion Project in Singapore, with a total estimated cost of $1.2 billion and $3.3 billion respectively.

The company believes it has a strong balance sheet and sufficient liquidity to support continuing operations and complete major construction projects.

As of June 30, 2024, management believes the Company was in compliance with all debt covenants.

In the normal course of activities, management will continue to evaluate global capital markets to consider future opportunities for enhancements of capital structure.

The company is subject to risks related to maintaining concessions and gaming licenses, economic conditions, travel disruptions, regulatory policies, and debt covenant compliance.

The Company is dependent upon properties primarily in Macao and Singapore for all of its cash flow and the ability of its subsidiaries to make distribution payments to it.

The company is subject to potential negative impacts from environmental, social and governance and sustainability matters.

The Company faces increased competition in Macao, including recent and upcoming increases in hotel rooms, meeting and convention space, retail space, potential additional gaming licenses and online gaming.

The company competes for limited management and labor resources in Macao and Singapore, and policies of those governments that may also affect its ability to employ imported managers or labor from other countries.

The company's ability to collect gaming receivables from credit players is a risk factor.

Casino expenses increased $107 million compared to the three months ended June 30, 2023, primarily due to increases in gaming taxes at our Macao operations and Marina Bay Sands.

General and administrative expenses decreased $11 million compared to the three months ended June 30, 2023, primarily due to decreases at Marina Bay Sands and our Macao operations.

Depreciation and amortization increased $28 million compared to the three months ended June 30, 2023, primarily due to an increase at Marina Bay Sands as a result of the completion of renovations.

The company is evaluating and pursuing new business opportunities in New York and Texas and digital gaming related efforts.

The company is focused on maintaining the integrity of its information and information systems or comply with applicable privacy and data security requirements and regulations.

The report does not provide specific details on R&D investments or technological capabilities.

During the six months ended June 30, 2024, the Company repurchased 17,316,119 shares of its common stock for approximately $859 million.

The Company paid a quarterly dividend of $0.20 per common share, recording $299 million as a distribution against retained earnings during the six months ended June 30, 2024.

The net proceeds from the offering of senior notes and cash on hand were used to redeem in full the outstanding principal amount of the $1.75 billion 3.200% Senior Notes due August 8, 2024.

The report does not provide specific details on environmental commitments, social responsibility initiatives, or governance practices.

The company is subject to potential negative impacts from environmental, social and governance and sustainability matters.

The report does not provide specific details on sustainability risks and opportunities.

The Macao government announced an increase in visitation and gross gaming revenue, and Singapore operations are showing positive signs of recovery.

The company is subject to regulatory policies in China or other countries in which our patrons reside, or where we have operations, including visa restrictions limiting the number of visits or the length of stay for visitors from China to Macao.

The company is subject to general economic and business conditions internationally, which may impact levels of disposable income, consumer spending, group meeting business, pricing of hotel rooms and retail and mall tenant sales.