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Principal Subsidiaries (Tables)
12 Months Ended
Dec. 31, 2020
Disclosure of interests in other entities [Abstract]  
Disclosure of interests in subsidiaries
Details of the Group’s principal subsidiaries as at December 31, 2018, 2019 and 2020 are as follows:

NamePlace of incorporation or establishment/ operations and date of incorporation or
establishment
Principal activitiesParticulars of issued share/registered capitalEffective interests held
Directly held:
Venetian Venture
   Development
   Intermediate Limited
Cayman Islands,
June 21, 2002
Investment holding
US$1100%
SCL IP Holdings, LLCUnited States,
September 29, 2009
Holder of trademark licenses
As at December 31, 2018: US$100
As at December 31, 2019 and 2020: US$527,802,937.56
100%
Indirectly held:
Cotai Ferry Company
   Limited
Macao/Macao and
Hong Kong,
July 19, 2007
High speed ferry transportation services
MOP10,000,000100%
Cotai Strip Lot 2 Apart
   Hotel (Macau)
   Limited
Macao,
October 27, 2008
Hotel apartments
MOP6,498,900
MOP722,100
(preference shares)
100%
100%
Cotai Services (HK)
   Limited
Hong Kong,
July 11, 2007
Business support services, marketing and operation of ferry business
As at December 31, 2018: HK$1
As at December 31, 2019 and 2020: HK$749,025,708.72
100%
CotaiJet 1 (HK) LimitedHong Kong/Macao and Hong Kong,
December 12, 2019
Ferry leasing (Note (i))
HK$1100%
CotaiJet 2 (HK) LimitedHong Kong/Macao and Hong Kong,
December 12, 2019
Ferry leasing (Note (i))
HK$1100%
CotaiJet 3 (HK) LimitedHong Kong/Macao and Hong Kong,
December 12, 2019
Ferry leasing (Note (i))
HK$1100%
CotaiJet 4 (HK) LimitedHong Kong/Macao and Hong Kong,
December 12, 2019
Ferry leasing (Note (i))
HK$1100%
NamePlace of incorporation or establishment/ operations and date of incorporation or establishmentPrincipal
activities
Particulars of issued share/
registered capital
Effective interests held
CotaiJet 5 (HK) Limited
Hong Kong/Macao and Hong Kong,
December 12, 2019
Ferry leasing (Note (i))
HK$1100%
CotaiJet 6 (HK) Limited
Hong Kong/Macao and Hong Kong,
December 12, 2019
Ferry leasing (Note (i))
HK$1100%
CotaiJet 7 (HK) Limited
Hong Kong/Macao and Hong Kong,
December 12, 2019
Ferry leasing (Note (i))
HK$1100%
CotaiJet 8 (HK) Limited
Hong Kong/Macao and Hong Kong,
December 12, 2019
Ferry leasing (Note (i))
HK$1100%
CotaiJet 9 (HK) Limited
Hong Kong/Macao and Hong Kong,
December 12, 2019
Ferry leasing (Note (i))
HK$1100%
CotaiJet 10 (HK) Limited
Hong Kong/Macao and Hong Kong,
December 12, 2019
Ferry leasing (Note (i))
HK$1100%
CotaiJet 11 (HK) Limited
Hong Kong/Macao and Hong Kong,
December 12, 2019
Ferry leasing (Note (i))
HK$1100%
CotaiJet 12 (HK) Limited
Hong Kong/Macao and Hong Kong,
December 12, 2019
Ferry leasing (Note (i))
HK$1100%
CotaiJet 13 (HK) Limited
Hong Kong/Macao and Hong Kong,
December 12, 2019
Ferry leasing (Note (i))
HK$1100%
CotaiJet 14 (HK) Limited
Hong Kong/Macao and Hong Kong,
December 12, 2019
Ferry leasing (Note (i))
HK$1100%
CotaiJet 311 Ltd.Cayman Islands/Macao
and Hong Kong,
August 14, 2007
Ferry leasing (Note (i))
As at December 31, 2018:
Total par value: US$1
As at December 31, 2019:
Total par value: US$100
Total share premium: US$6,423,536.85
100%
CotaiJet 312 Ltd.Cayman Islands/Macao
and Hong Kong,
August 14, 2007
Ferry leasing (Note (i))
As at December 31, 2018:
Total par value: US$1
As at December 31, 2019:
Total par value: US$100
Total share premium: US$6,339,957.74
100%
NamePlace of incorporation or establishment/ operations and date of incorporation or
establishment
Principal
activities
Particulars of issued share/
registered capital
Effective interests held
CotaiJet 313 Ltd.Cayman Islands/Macao
and Hong Kong,
August 14, 2007
Ferry leasing (Note (i))
As at December 31, 2018:
Total par value: US$1
As at December 31, 2019:
Total par value: US$100
Total share premium: US$6,312,405.81
100%
CotaiJet 314 Ltd.Cayman Islands/Macao
and Hong Kong,
September 12, 2007
Ferry leasing (Note (i))
As at December 31, 2018:
Total par value: US$1
As at December 31, 2019:
Total par value: US$100
Total share premium: US$6,486,421.42
100%
CotaiJet 315 Ltd.Cayman Islands/Macao
and Hong Kong,
September 12, 2007
Ferry leasing (Note (i))
As at December 31, 2018:
Total par value: US$1
As at December 31, 2019:
Total par value: US$100
Total share premium: US$6,332,468.30
100%
CotaiJet 316 Ltd.Cayman Islands/Macao
and Hong Kong,
October 8, 2007
Ferry leasing (Note (i))
As at December 31, 2018:
Total par value: US$1
As at December 31, 2019:
Total par value: US$100
Total share premium: US$6,439,507.84
100%
CotaiJet 317 Ltd.Cayman Islands/Macao
and Hong Kong,
October 8, 2007
Ferry leasing (Note (i))
As at December 31, 2018:
Total par value: US$1
As at December 31, 2019:
Total par value: US$100
Total share premium: US$6,526,794.49
100%
CotaiJet 318 Ltd.Cayman Islands/Macao
and Hong Kong,
October 8, 2007
Ferry leasing (Note (i))
As at December 31, 2018:
Total par value: US$1
As at December 31, 2019:
Total par value: US$100
Total share premium: US$7,936,384.02
100%
CotaiJet 319 Ltd.Cayman Islands/Macao
and Hong Kong,
October 8, 2007
Ferry leasing (Note (i))
As at December 31, 2018:
Total par value: US$1
As at December 31, 2019:
Total par value: US$100
Total share premium: US$7,838,910.17
100%
CotaiJet 320 Ltd.Cayman Islands/Macao
and Hong Kong,
October 8, 2007
Ferry leasing (Note (i))
As at December 31, 2018:
Total par value: US$1
As at December 31, 2019:
Total par value: US$100
Total share premium: US$6,123,939.20
100%
CotaiJet 350 Ltd.Cayman Islands/Macao
and Hong Kong,
January 21, 2008
Ferry leasing (Note (i))
As at December 31, 2018:
Total par value: US$1
As at December 31, 2019:
Total par value: US$100
Total share premium: US$7,173,446.06
100%
NamePlace of incorporation or establishment/ operations and date of incorporation or
establishment
Principal
activities
Particulars of issued share/
registered capital
Effective interests held
CotaiJet 351 Ltd.Cayman Islands/Macao
and Hong Kong,
January 21, 2008
Ferry leasing (Note (i))
As at December 31, 2018:
Total par value: US$1
As at December 31, 2019:
Total par value: US$100
Total share premium: US$7,115,613.37
100%
CotaiJet 352 Ltd.Cayman Islands/Macao
and Hong Kong,
January 21, 2008
Ferry leasing (Note (i))
As at December 31, 2018:
Total par value: US$1
As at December 31, 2019:
Total par value: US$100
Total share premium: US$7,292,634.59
100%
CotaiJet 353 Ltd.Cayman Islands/Macao
and Hong Kong,
January 21, 2008
Ferry leasing (Note (i))
As at December 31, 2018:
Total par value: US$1
As at December 31, 2019:
Total par value: US$100
Total share premium: US$7,264,364.42
100%
Cotaiwaterjet Sea Bridge 1 Ltd.
Cayman Islands/Macao
and Hong Kong,
October 27, 2015
Pontoon leasing (Note (i))
As at December 31, 2018:
Total par value: US$1
As at December 31, 2019:
Total par value: US$100
Total share premium: US$24,365.38
100%
Cotaiwaterjet Sea Bridge 2 Ltd.
Cayman Islands/Macao
and Hong Kong,
October 27, 2015
Pontoon leasing (Note (i))
As at December 31, 2018:
Total par value: US$1
As at December 31, 2019:
Total par value: US$100
Total share premium: US$25,651.14
100%
Cotaiwaterjet Sea Bridge 1 (HK) Limited
Hong Kong/Macao
and Hong Kong,
December 12, 2019
Pontoon leasing (Note (i))
HK$1100%
Cotaiwaterjet Sea Bridge 2 (HK) Limited
Hong Kong/Macao
and Hong Kong,
December 12, 2019
Pontoon leasing (Note (i))
HK$1100%
Sands Cotai East Holdings Limited (Note (ii))Cayman Islands/Macao,
May 25, 2011
Holder of hotel franchise agreement
US$1100%
NamePlace of incorporation or establishment/ operations and date of incorporation or establishmentPrincipal activitiesParticulars of issued share/ registered capitalEffective interests held
Sands Cotai West
   Holdings Limited
Cayman Islands/Macao,
May 25, 2011
Holder of hotel franchise agreement
US$1100%
Sands Resorts
  Travel Limited
Hong Kong,
February 29, 2016
Travel and tourism agency services
HK$500,000100%
Sands Resorts
  Transportation 1
  Limited
Hong Kong,
January 30, 2019
Transportation services
HK$1100%
Sands Resorts
  Transportation 2
  Limited
Hong Kong,
January 30, 2019
Transportation services
HK$1100%
Sands Resorts
  Transportation 3
  Limited
Hong Kong,
February 4, 2019
Transportation services
HK$1100%
Sands Venetian Security Limited
Macao,
June 22, 2011
Security services
MOP1,000,000100%
Venetian Cotai Hotel
Management Limited
Macao,
March 12, 2008
Human resources administration
MOP500,000100%
Venetian Cotai Limited
Macao,
November 11, 2004
Hotels, restaurants, shopping mall, and conference and convention
MOP200,000,000100%
Venetian Macau Limited
   (Note (iii))
Macao,
June 21, 2002
Gaming and other related activities
MOP200,000,000100%
Venetian Orient Limited
Macao,
February 2, 2006
Hotels, restaurants, shopping mall, and conference and convention
MOP100,000100%
Venetian Retail Limited
Macao,
June 15, 2007
Mall managementMOP1,500,000100%
Venetian Travel Limited
Macao,
October 16, 2006
Travel and tourism agency services
MOP2,400,000100%
Venetian Transportation Services Limited
Macao,
January 7, 2019
Transportation services and other related activities
MOP25,000100%
V-HK Services Limited
Hong Kong,
September 6, 2004
Marketing and customer development services
HK$1100%
NamePlace of incorporation or establishment/ operations and date of incorporation or
establishment
Principal
activities
Particulars of issued share/
registered capital
Effective interests held
VML US Finance LLC (Note (iv))United States, January 3, 2006Financing
As at December 31, 2018:
Nil
100%
Zhuhai Cotai Information Services Outsourcing Co., Ltd.(Note (v))China,
September 30, 2010
Outsourcing services, including information technology, accounting, hotel management and marketing
US$800,000100%
Zhuhai Cotai Logistics Hotel Services Co., Ltd. (Note (v))China,
September 27, 2007
Procurement, marketing and administrative servicesUS$4,500,000100%
Zhuhai Hengqin Cotai Information Services Co., Ltd. (Note (v))
China,
September 24, 2019
Outsourcing services, including information technology, accounting, hotel management and marketing
US$2,000,000100%

Notes:

(i)Each of the Cayman Islands registered companies has transferred their ferry or pontoon and related assets, respectively, to each of the Hong Kong registered companies within the Group in December 2019 as a result of a Group reorganization. These Cayman Islands companies were dissolved on March 31, 2020.
(ii)The company was dissolved on December 31, 2020.
(iii)10% of the company’s issued share capital is held through an usufruct agreement whereby VVDIL has the sole and exclusive benefit. Accordingly, the profits and losses and assets and liabilities of the company have been consolidated as to 100% thereof into the consolidated financial statements.
(iv)The company was dissolved on May 24, 2019.
(v)These entities are wholly foreign owned enterprises established in China.