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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 Corp. (NYSE: LVS) reported financial results for Q3 2021, showcasing net revenue of $857 million, up from $446 million year-over-year. While the company faced pandemic-related restrictions, it achieved positive EBITDA across all markets. The net loss from continuing operations was $594 million, an improvement from $664 million in Q3 2020. The company is optimistic about the recovery of travel and tourism. Unrestricted cash reserves stood at $1.64 billion, with total debt at $14.50 billion. LVS also announced plans to sell its Las Vegas properties for approximately $6.25 billion.
On October 13, 2021, Las Vegas Sands (NYSE: LVS) announced they will release their financial results for Q3 2021 on October 20, shortly after the market closes. A conference call will take place at 1:30 PM PT (4:30 PM ET) to discuss these results. The company emphasizes its status as a leading developer of Integrated Resorts, contributing to local economies through tourism and job creation. For more information, a webcast of the call will be available on their Investor Relations website.
Las Vegas Sands (NYSE: LVS) announces the fifth annual Southern Nevada Youth Homelessness Summit on November 4 at UNLV. The event aims to address youth homelessness, featuring leaders from various sectors, including a panel discussion and community input sessions. The summit will adapt strategies highlighted in the Southern Nevada Plan to End Youth Homelessness, established in 2017. Safety protocols ensure a safe environment for attendees. Las Vegas remains a critical area for youth homelessness, with over half of unaccompanied homeless children and youth located in Southern Nevada.
Las Vegas Sands Corp. announced that its subsidiary, Sands China Ltd., has priced a significant offering of senior notes totaling $1.95 billion. This includes $700 million of 2.300% senior notes due 2027, $650 million of 2.850% senior notes due 2029, and $600 million of 3.250% senior notes due 2031. The offering is set to close on September 23, 2021. The proceeds will be used to fully redeem $1.80 billion of 4.600% senior notes due 2023, along with accrued interest. Sands China aims to list the notes on the Hong Kong Stock Exchange, with no public offering in Hong Kong.
Las Vegas Sands Corp. announces that its subsidiary, Sands China Ltd., plans to issue USD-denominated senior unsecured notes. Key parameters are to be determined at pricing. The proceeds will be used to entirely redeem its US$1.80 billion senior notes due 2023, covering accrued interest and a make-whole premium. The notes are unregistered and will only be sold to qualified institutional buyers outside the U.S. Sands China intends to list the notes on the Hong Kong Stock Exchange, but the offering is subject to change as no binding agreement is yet in place.
Las Vegas Sands Corp. (NYSE: LVS) reported significant financial results for Q2 2021, with net revenue soaring to $1.17 billion, up from $62 million in the same quarter last year. However, the company still posted a net loss of $280 million, an improvement from $841 million a year ago. Operating loss decreased to $139 million, and adjusted EBITDA rose to $244 million.
The ongoing pandemic restrictions in Macao and Singapore continue to hinder visitation, impacting financial performance, but the company remains optimistic about recovery.
Las Vegas Sands (NYSE: LVS) has extended its partnership with the Nevada Partnership for Homeless Youth (NPHY) by donating $300,000 to assist vulnerable youth in Southern Nevada. This contribution will enhance NPHY's services and facilitate efforts to reduce youth homelessness. Since 2015, Sands has donated over $1.77 million to NPHY, supporting key programs and housing initiatives. The 2021 donation includes $100,000 for NPHY's Housing Expansion Campaign, essential for addressing rising real estate costs. Sands' commitment has positively impacted over 1,900 youth through critical services.
Las Vegas Sands (NYSE: LVS) will announce its financial results for the quarter ending June 30, 2021, on July 21, 2021, after market close. A conference call to discuss the results is scheduled for 1:30 p.m. Pacific Time. The call will be accessible via webcast on the company’s investor relations website. Las Vegas Sands is known for its Integrated Resorts, contributing to local economies through tourism and job creation. The company operates several luxury properties globally, including in Las Vegas, Singapore, and Macao.
Las Vegas Sands announced a new initiative to strategically invest in digital gaming technologies, primarily in the business-to-business sector. This effort includes forming a dedicated digital gaming investment team led by Davis Catlin, who has extensive experience in the digital gaming industry. CEO Robert Goldstein emphasized the company's commitment to enhancing its leadership position and believes these investments will yield significant long-term benefits. Sands aims to leverage its resources and expertise to capitalize on the growing digital gaming market.
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