Las Vegas Snds Stock Price, News & Analysis

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.

Las Vegas Sands has partnered with the National Hispanic Institute (NHI) to launch a leadership training program for Latino high school students in Las Vegas. This program, backed by a $150,000 commitment from Sands Cares over three years, will provide scholarships for 38 students in its first year, focusing on communication skills and leadership development. The initiative will culminate in participation at the California Sol Great Debate in July. Applications are open until January 31, 2022, emphasizing academic excellence for eligibility.

Las Vegas Sands (NYSE: LVS) was recognized by CDP on its 2021 Climate and Water A Lists, achieving this for the seventh and fourth consecutive years, respectively. Only 55 companies received an 'A' on both lists out of 12,000 evaluated. Sands stands out as the sole hospitality and gaming company to attain this recognition, underscoring its commitment to sustainability, reduced emissions, and water conservation. This announcement follows Sands' inclusion in the Dow Jones Sustainability World and North America Indices, confirming its leadership in environmental practices.