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Sands China’s Wilfred Wong expecting improved business in May

Pierce Chan by Pierce Chan
Sun 1 May 2022 at 05:43
Decline in VIP volume sees Sands China net revenue slip 2.0% in 3Q19

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Sands China President Dr Wilfred Wong believes business for Macau’s gaming and hospitality operators will improve in May following the government’s decision to extend the validity period of negative COVID-19 tests for arrivals from Guangdong Province to 72 hours.

The relaxed policy, first eased from 24 hours to 48 hours and then to 72 hours last week, was targeted towards an improved 1 May Golden Week following weeks of falling visitation amid rising COVID-19 cases across parts of mainland China.

Speaking with Inside Asian Gaming at a conference hosted by the Macau Federation of Trade Unions on Friday, Dr Wong said, “I believe that changing the validity period of verification can attract more visitors to Macau – I expect May to be better than April.”

Dr Wong did, however, note that the pandemic situation can evolve rapidly, pointing to the news late last week that 20 employees at Guangzhou Baiyun International Airport had tested positive to COVID-19 during regular testing.

The Guangzhou government believes the outbreak was caused by the accidental exposure of some staff to infected passengers and has urged citizens not to leave Guangdong Province unless necessary during the May Day holiday.

“We will continue to monitor the situation and make adjustments [to our expectations] accordingly,” Dr Wong said.

Sands China last week reported a net loss of US$336 million for the three months to 31 March 2022, widened both from its 1Q21 loss of US$213 million and a Q4 loss of US$245 million.

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Tags: border restrictionscovid-19Golden WeekMacauSands ChinaWilfred Wong
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Pierce Chan

Pierce Chan

With more than five years’ experience working as a journalist in Macau, Pierce is an experienced media operator with strong skills in news writing and editing. He previously worked with Exmoo, first as a reporter covering government, gaming and tourism-related stories, then as a Deputy Assignment Editor helping set the agenda of the day. Pierce is a graduate of the University of Macau.

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