Las Vegas Snds Stock Price, News & Analysis

Las Vegas Sands (NYSE: LVS) has expanded its Sands Cares Accelerator program to Macao by partnering with local NGO Green Future. This collaboration aims to enhance nonprofit impact through funding and structured support over three years. Green Future will develop an environmental social enterprise focusing on urban waste sorting and recycling, addressing the critical need for cardboard recycling in Macao, where over 27% of municipal waste consists of paper. The program aims to improve local recycling rates and create employment opportunities for residents, including the disabled.

Las Vegas Sands has fully financed Fortis, a newly established video game developer and publisher, to create social experiences through gaming. Founded by industry veterans, Fortis has over 150 employees and aims to innovate within the games-as-service model. The leadership team consists of notable figures from EA, WB Games, and Zynga. Recent acquisitions of development teams in Portugal, Brazil, and Romania will support Fortis' global strategy. Sands emphasizes its long-term commitment to fostering a new era in interactive entertainment.

VICI Properties Inc. has successfully acquired the Venetian Resort Las Vegas for $4.0 billion, achieving a 6.25% cap rate. The transaction is financed through proceeds from share sales, a $600 million credit line, and cash reserves. This acquisition increases annual rent by $250 million under a 30-year lease with Apollo Global Management, which includes a rent escalation clause. The Venetian features extensive gaming, hospitality, and convention facilities, solidifying VICI's portfolio as a premier player in experiential real estate.

Las Vegas Sands Corp. (NYSE: LVS) has finalized the sale of The Venetian Resort for approximately $6.25 billion to Apollo Global Management and VICI Properties. CEO Robert Goldstein emphasized the sale marks a new chapter for the company, which maintains a robust balance sheet and a strong portfolio in Macao and Singapore. Sands plans to reinvest heavily in Asia, including $1 billion at Marina Bay Sands and $2.2 billion for The Londoner's renovation. The company will keep its headquarters in Las Vegas and continue supporting the local community.

Sands China Ltd. launched the new Sands Gallery in Macao on Feb. 23, 2022, featuring the debut exhibition The Innovation of Ink, showcasing works from renowned Chinese artists Wang Dongling and Xu Lei. The gallery aims to enrich the cultural scene in Macao and will host a variety of art exhibitions, focusing on promoting local and international artists. The inaugural exhibition runs from Feb. 24 to March 20, 2022, and aims to foster artistic diversity through high-level art showcases, emphasizing the integration of Chinese and Western cultures.

Las Vegas Sands has announced a $1 billion reinvestment in Marina Bay Sands, Singapore's premier Integrated Resort, marking the largest investment since its 2010 opening.

The project aims to enhance hotel rooms, F&B offerings, and luxury amenities, reflecting confidence in Singapore's tourism recovery. Planned upgrades include a revamped design for all rooms and suites, with completion expected in phases through 2023. This initiative complements a previous expansion plan from April 2019, focusing on entertainment and MICE spaces.

Las Vegas Sands Corp. (LVS) reported Q4 2021 financial results, showing a net revenue of $1.01 billion, a slight decrease of 0.7% from the previous year. The operating loss was $138 million, worsening from $119 million year-over-year. The net loss for the quarter was $315 million, up from $303 million in Q4 2020. However, the full year 2021 showed improvements with a net loss of $961 million, down from $1.69 billion in 2020. Adjusted property EBITDA was $251 million, up from $191 million last year.

Las Vegas Sands (NYSE: LVS) is set to release its fourth-quarter 2021 financial results on January 26, 2022, after the market closes. A conference call will follow at approximately 1:30 p.m. PT to discuss the results. Interested parties can access a live webcast through the company's Investor Relations section. Las Vegas Sands is recognized for its premier Integrated Resorts, including properties in Las Vegas, Singapore, and Macao, contributing significantly to local economies through tourism and job creation.