Welcome to our dedicated page for Las Vegas Sands news (Ticker: LVS), a resource for investors and traders seeking the latest updates and insights on Las Vegas Sands stock.
Las Vegas Sands Corp. (NYSE: LVS) is renowned as the world's largest operator of fully integrated resorts, which feature a unique blend of casino, hotel, entertainment, food and beverage, retail, and convention center operations. The company's prestigious properties include the Venetian Macao, Sands Macao, Londoner Macao, Four Seasons Hotel Macao, and Parisian Macao in Macao, along with the Marina Bay Sands resort in Singapore.
In 2022, Las Vegas Sands sold its iconic Venetian and Palazzo Las Vegas properties to Apollo and VICI, marking a strategic shift to focus its operations primarily in Asia. As a result, the company now generates all its EBITDA from its substantial casino operations in Asia.
Las Vegas Sands is not just a leader in luxury and entertainment but also in community engagement and corporate responsibility. The company's commitment to social causes is evident through initiatives like the Sands Cares Global Hygiene Kit Build, supporting Clean the World's mission to provide hygiene supplies to those in need. Additionally, Sands collaborates with various organizations to address youth homelessness, disaster relief, and educational equity.
The company’s financial condition remains robust, with a strategic focus on expanding its footprint and enhancing the appeal of its existing properties. For instance, Sands plans to unveil a fourth tower at Marina Bay Sands in Singapore by the end of 2028. Recent financial results reflect strong growth in both Macao and Singapore, driven by strategic investments in these regions.
Moreover, Las Vegas Sands places significant emphasis on fostering innovation and supporting local businesses. Initiatives like the Sands Innovation Challenge and Sands Resorts Incubation Centre in Macao are testament to the company's commitment to advancing technology and supporting small and medium enterprises (SMEs).
Environmental, social, and governance (ESG) leadership is a cornerstone of Las Vegas Sands' operations, earning it recognition on the Dow Jones Sustainability Indices for World and North America. The company’s efforts encompass promoting diversity, equity, and inclusion (DEI), particularly through partnerships with organizations like the Thurgood Marshall College Fund to advance opportunities for Black college students in the hospitality industry.
Las Vegas Sands continues to be a beacon of luxury, community support, and sustainable growth, ensuring that its regions remain great places to live, work, and visit.
Las Vegas Sands (LVS) announced a $75,000 donation to the Asian Community Development Council (ACDC) to support a capital campaign aimed at improving access to social services for non-English speaking communities in Southern Nevada. This donation is part of ACDC's $500,000 goal to develop the In-Language Client Success Advocacy Program, addressing language barriers and enhancing service access for the Filipino, Chinese, Korean, Vietnamese, and Thai communities. The initiative is especially critical amid rising discrimination against AAPI individuals during COVID-19.
Las Vegas Sands Corp. (NYSE: LVS) reported a net revenue of $1.20 billion for Q1 2021, down 15.6% year-over-year. The company faced an operating loss of $96 million compared to a gain of $6 million last year, with a net loss from continuing operations totaling $280 million. The company is selling its Las Vegas properties for approximately $6.25 billion, expected to close in Q4 2021. Despite pandemic-related travel restrictions affecting performance, LVS is confident in the recovery of travel and tourism spending.
Las Vegas Sands (NYSE: LVS) will announce its financial results for the quarter ended March 31, 2021, on April 21, 2021, shortly after the NYSE market close. An earnings conference call is set for 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss the results, which can be accessed via a webcast on the company’s Investor Relations website.
Las Vegas Sands is a leading developer and operator of Integrated Resorts, significantly contributing to local economies through tourism and job creation.
Las Vegas Sands (NYSE: LVS) will participate in the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on March 11, 2021. Key executives, including Chairman and CEO Robert G. Goldstein and President and COO Patrick Dumont, will discuss company insights starting at 1:15 p.m. PT. A webcast of the event will be available on the company's Investor Relations webpage. Las Vegas Sands is a leading developer of integrated resorts, significantly impacting local economies through job creation and tourism growth.
Las Vegas Sands (NYSE: LVS) has announced the sale of its Las Vegas properties, including The Venetian Resort and the Sands Expo, for approximately $6.25 billion. An affiliate of Apollo Global Management will acquire the operational assets for $1.05 billion in cash plus $1.2 billion in seller financing, while VICI Properties will purchase the real estate assets for $4.0 billion. The sale, while significant, opens new avenues for growth as LVS refocuses on its Asian operations and potential domestic developments.
Las Vegas Sands Corp. (NYSE: LVS) reported its financial results for Q4 2020, revealing a net revenue decline of 67.3% year-over-year to $1.15 billion. The company experienced an operating loss of $211 million, contrasting with a $934 million profit in Q4 2019. Full-year losses reached $1.69 billion or $(2.21) per diluted share. Notably, Sands China Ltd. saw a 69.9% revenue drop compared to the previous year. Despite challenges, the management remains committed to growth and investing in new markets, aiming for recovery in tourism.
Las Vegas Sands has appointed Robert G. Goldstein as chairman and CEO, following the death of founder Sheldon G. Adelson on January 11, 2021. Goldstein, a long-time executive, had been serving as acting CEO since January 7. Patrick Dumont takes on the role of president and COO, and Randy Hyzak is now CFO. The leadership change aims to honor Adelson's legacy while pursuing future growth. Goldstein emphasizes a commitment to the company's core principles and community support, while continuing to provide shareholder returns.
Las Vegas Sands (NYSE: LVS) will announce its financial results for the quarter ended December 31, 2020 on January 27, 2021, shortly after the market close. A conference call will follow at 1:30 p.m. PT to discuss the results. The call can be accessed via the company's Investor Relations webpage. As a leading operator of Integrated Resorts, Las Vegas Sands focuses on delivering economic benefits to the communities it operates in.
Dr. Miriam Adelson announced the death of her husband, Sheldon G. Adelson, Chairman and CEO of Las Vegas Sands, due to complications from a long illness. Celebrated for his entrepreneurial spirit, Sheldon rose from humble beginnings to become a significant figure in business and philanthropy. His legacy includes commitment to his employees, ensuring their wages during the COVID-19 crisis, and substantial contributions to various charitable causes. Dr. Adelson reflects on their life together and the immense impact he had on countless lives, emphasizing his American patriotism and dedication to social good.
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