金沙中国有限公司2025年度报告

1.概覽 1.11.2 2.業務審視5 2.12.22.32.42.5 3.企業管治報告47 3.13.23.33.43.53.63.73.83.9 4.財務報表99 4.14.24.34.4 5.公司資料182 6.詞彙 1.1 (Robert Goldstein) Sheldon G. AdelsonAdelsonAdelsonAdelson 40,000,00035,000,00028,000,000 7,440,000,0007,080,000,0005.1%2,310,000,000EBITDA2,330,000,000EBITDA0.7%EBITDA 17,000,000,00010,0002,100,0001,600,000 4,500,000,000 (SandsChina Academy) 27,000 Patrick Dumont 2.1 2.1.1業務概覽 VML98,000,000 Sheldon Gary Adelson 30,000,00010,829191602.1.2 7802,100,000 LVS 2.1 2.1 行業 247,400,000,00030,870,000,0009.1% 40,000,00014.7% 73% 45 2.1 2.1.2本公司物業及業務 (i)(ii)(iii)115,000(iv)VML1,6803,700 本公司物業 503,0006591,137392,905960,000359661,200,0001,80014,000 2.1 36840065959414•2,405400,0005001,285358,0001,7016,000518,00017251 272,0002551,0082,541297,0001012362,0001,200 108,00010613360FS Macau Lda.289262,0001361019 176,000160257289 2.1 零售購物中心業務 2,000,0002.3 2.1 其他業務 40042 10025 140341064081051012 14LVSLVSSands Aviation, LLC www.cotaiticketing.com 2.2.1博彩批給 VML VMLVMLVMLVML7502,5009431214,000,00013,000,00042,000,000 VML35,840,000,0004,470,000,00033,390,000,0004,170,000,000 VMLVML (i)VML(ii)VML5%(iii)VMLVML5%(iv)VML5%(ii)(iii)VML VMLVML5%VMLVMLVMLVML5%VMLLVSVML5%VML VML 100,000,00013,000,000VMLVML VML50%VML10% VML VMLVML VMLVML VML VMLVMLVMLVML VMLVMLVML 30,000,0004,000,000300,000150,0001,00037,43318,71612576,000,0009,000,00035%7,000,000300,0001,000,00037,4334,500,000,000562,000,000 VML5%2%3% VML VMLVMLVMLVML12%VML 2.2.2土地批給 2510 2.3 概覽及業務最新資訊 18.5%9.1% 2,405 2.2.1 主要營運收益計量 2.3 3.30%9.4% (1)(2)1212 2.3 經營業績 7,440,000,0007,080,000,0005.1% 5,580,000,0005,350,000,0004.4% 2.3 853,000,000774,000,00010.2% 2.3 521,000,000493,000,0005.7%28,000,00020,000,0004,000,0004,000,000 (i)12 (ii)49,00040,00014,000 2.3 270,000,000260,000,0003.8% 216,000,000207,000,0004.3%5,000,0003,000,0003,000,0002,000,0001,000,0005,000,000 N.M. 6,210,000,0005,710,000,0008.7%311,000,00040,000,00038,000,00033,000,000 3,780,000,0003,470,000,0009.0%176,000,00065,000,00037,000,000 223,000,000204,000,0009.3% 2.3 65,000,00059,000,00010.2% 235,000,000219,000,0007.3% 186,000,000179,000,0003.9%11,000,0002,000,0002,000,0008,000,000 21,000,0008,000,000 645,000,000641,000,0000.6% 202,000,000162,000,00024.7%NBA 8,000,0003,000,000 792,000,000754,000,0005.0%112,000,00081,000,000 21,000,00012,000,000 47,000,00032,000,000 9,000,000 EBITDA(i) (i)EBITDAEBITDAEBITDAEBITDAEBITDAEBITDAEBITDAEBITDA EBITDA2,310,000,0002,330,000,0000.7%EBITDA 2.3 366,000,000424,000,00058,000,000 1,060,000,000LVS4.9%4.5%LVSSCL25 896,000,0001,050,000,00014.3% 流動資金、財務及資本資源 1,510,000,000 LVS LVS1,070,000,000 2.3 SCL SCL SCL SCL12,750,000,0001,640,000,0001,630,000,000 SCL96,000,00012,000,000 SCL1.65%4.73% SCL SCL19,500,000,0002,510,000,000 SCL6,200,000,000797,000,000800,000,000 SCL2.50%5.12%SCL0.60% SCL13,300,000,0001,710,000,000 2,110,000,0002,070,000,0002,110,000,0002,120,000,0002,000,00012,000,000 512,000,000553,000,00041,000,000310,000,000185,000,00023,000,00021,000,00014,000,000 2,060,000,000LVS1,060,000,0001,630,000,000SCL24,000,000518,000,000381,000,000SCL26,000,00035,000,00023,000,000SCL1,640,000,000 2.3 資本開支 資本承擔 VML35,840,000,0004,470,000,00033,390,000,0004,170,000,000 5,800,000,000723,000,0002,520,000,000315,000,000 2.3 股息 0.500.0644,050,000,000518,000,000 集團資產抵押 125,000,000125,000,00017 或然負債 法律訴訟 Asian American Entertainment Corporation, LimitedAAECVMLLVS NevadaLVS LLCVenetian Casino3,000,000,000371,000,000AAECLVS NevadaLVS LLCVenetian Casino AAECVMLVMLAAEC AAEC96,450,000,00011,930,000,000AAEC 2.3 COVID-19 COVID-19 57,880,000,00062,290,000,0007,160,000,0007,700,000,000 AAEC AAEC AAECAAECAAEC 2.3 AAECAAECAAECAAECAAECAAECAAECAAECAAECAAECAAECAAEC AAECAAECAAEC(i)(ii)(iii)(iv) 2.4 與本公司業務有關的風險 2.4 FCPALVSFCPA SCL 5,350,000,000SCL1,610,000,000SCL19,500,000,0002,510,000,000 30 2.4 9.4% 2.4 與本公司營運有關的風險 VMLVML 2.4 12% VMLVML12% 2.4 與人力資源有關的風險因素 2.4 VMLVMLVMLVMLVML 一般風險因素 2.4 LVSLVSLVS 2.4 2.5 2.5.1本公司股東 16,000,000,0008,093,379,566 47.28% 13.32B25%25.20%13.32B 2LVS 896,000,0001,050,000,00014.3%11.0886.2112.91100.2614.2% 5 2.5.2本公司放款人 SCL12,750,000,0001,640,000,0001,630,000,000 5,350,000,000SCL1,610,000,000SCL19,500,000,0002,510,000,000 SCL6,200,000,000797,000,000800,000,000 22 2.2 2.5.3本公司客戶 2.5.4團隊成員 27,8751,191511924249%51%45%47%52 AI2000 2.5 Work Life 360 2.5.5我們對可持續發展的承諾 3.5.5 C2 3. 3.1文化 3.2遵守企業管治守則 3. 3.3企業管治架構 2 3.53.8 3. 3.4董事會 3.8 3. (a) (b) Patrick DumontCharles FormanLVS LVS 3. (c) (a) (b) (c) FCPA (d) (e) 3. (f) 3. I(3) ooooooooo75%ooo 3. 3.8 3. 3. 45%47%2.5.451% 3. Patrick Dumont3.09D 3.09F3.09G3.09HPatrick DumontLVS3.09H(i)(ii)(iii)3.09G 3. LVSLVS13.09(2)(a)LVS13.09(2)(a) 3. (a) (b) (c) LVSLVS (d) 3. 3.5董事會委員會 3.5.1審核委員會 Victor Hoog Antink 3.4 (a) LVS (b) (c) LVSLVS 3. (d) 3.6 4.1 (i) 3. 3.5.2薪酬委員會 3.4 3. 527 3.5.3提