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.
Sands and Thurgood Marshall College Fund (TMCF) hosted 15 historically Black colleges and universities (HBCUs) students for the second Sands Hospitality Immersion Program in Las Vegas. The program, aimed at inspiring diverse students to consider careers in hospitality, provided a comprehensive introduction to the travel, tourism, and leisure industry.
The multi-day immersion included on-campus learning sessions, industry speakers, interactive activities, and tours of integrated resorts, convention spaces, and sports venues. Students from various disciplines gained insights into different aspects of hospitality, including food and beverage operations, events and entertainment, and casino gaming.
The program is part of Sands Cares global community engagement initiative and aligns with the company's focus on education, workforce development, and diversity, equity, and inclusion. It aims to cultivate a diverse and inclusive workforce in the hospitality industry, which is one of the world's fastest-growing and largest employment fields.
Sands China and Marriott International are set to introduce the first Luxury Collection Hotel in Macao. The Londoner Grand, located within The Londoner® Macao, aims to offer guests a unique blend of British charm and Macanese culture. Designed by Peter Silling & Associates, the hotel features Georgian-inspired architecture with elegant rooms and suites reminiscent of London's Mayfair district.
The hotel will add 2,405 rooms and suites to The Londoner Macao, along with five new dining concepts. These include Hampton Court (international and Chinese buffet), Chelsea Garden (all-day dining), The Conservatory (dim sum, tearoom, confectionery, and British pub), and two signature Chinese restaurants. This expansion aims to enhance The Londoner Macao's position as a premier resort destination for both business and leisure travelers, supporting Macao's status as a World Centre of Tourism and Leisure.
Marriott International and Sands China have signed an agreement to introduce The Luxury Collection brand to Macao. The Londoner Grand, a Luxury Collection Hotel, Macao is set to open in January 2025, offering 2,405 rooms and suites designed with Georgian-inspired architecture. Located on the Cotai Strip, the hotel will be near key attractions and feature five distinct dining concepts.
The hotel's interior design, led by Peter Silling & Associates, will emphasize elegant spaces with traditional paneling, linear headboards, and marble bathrooms. Suites will be decorated with art inspired by London's Mayfair district, and some will include terraces, kid rooms, media rooms, and private pools.
This collaboration between Marriott International and Sands China aims to elevate Macao's luxury hospitality landscape and expand The Luxury Collection's footprint in the region.
Las Vegas Sands (NYSE: LVS) has announced its role as a presenting partner sponsor for the upcoming Clinton Global Initiative (CGI) meeting on Sept. 23-24 in New York City. This sponsorship aligns with Sands' commitment to addressing global challenges under its corporate responsibility program's pillars: People, Communities, and Planet.
Key initiatives include:
- Investing $200 million in workforce development by 2025
- Contributing 250,000 Team Member volunteer hours by 2025
- Achieving a 17.5% reduction in emissions by 2025 compared to 2018
The company's support of CGI reflects its dedication to economic empowerment, diversity, hardship relief, and climate change mitigation. Sands' involvement aims to foster important dialogue and contribute to global action on pressing challenges.
Las Vegas Sands (NYSE:LVS) has announced LPGA Tour pro Muni "Lily" He as its newest champion ambassador. The 24-year-old China-born golfer will support Sands' efforts to promote women's golf and leadership through resort and community initiatives. He joins fellow pro golfers Collin Morikawa, Minjee Lee, and Li Haotong on Sands' roster of champion ambassadors.
Born in Chengdu, China, He has a decorated junior golf career and turned professional in 2017. She secured her first professional victory at the 2018 Prasco Charity Championship and achieved full status for the 2019 LPGA Tour. With over 890,000 Instagram followers, He is positioned as one of the most marketable sports stars from Asia.
Las Vegas Sands (NYSE: LVS) has announced LPGA Tour pro Muni 'Lily' He as its newest champion ambassador. The 24-year-old China-born golfer will work with Sands to promote women's golf and leadership through resort and community initiatives. He joins fellow pro golfers Collin Morikawa, Minjee Lee, and Li Haotong on Sands' roster of ambassadors.
Born in Chengdu, China, He has a decorated junior golf career and turned professional in 2017. She secured her first professional victory at the 2018 Prasco Charity Championship and achieved full status for the 2019 LPGA Tour. With over 890,000 Instagram followers, He is positioned as one of the most marketable sports stars from Asia, influencing in golf, fitness, and fashion.
The 5th annual Sands Shopping Carnival, held July 18-21, 2024, at The Venetian Macao's Cotai Expo, drew a record 120,000 visitors. Organized by Sands China, the event featured over 580 booths, including 325 for SMEs. The carnival offered nine exhibition zones, family entertainment, and community service organization participation. New additions included a kids talent show and a Hanfu styling contest, attracting participants from the Greater Bay Area. The event supported local businesses, promoted environmental stewardship, and aligned with Macao SAR government's economic revival efforts. Dr. Wilfred Wong, Sands China's executive vice chairman, emphasized the company's commitment to supporting local SMEs and growing together with them.
Sands' Uni+ed resource group for LGBTQ+ Team Members and allies focuses on four core pillars: education, professional development, networking, and community engagement. The group offers various educational programs, including sessions on team dynamics, emotional intelligence, and LGBTQ+ issues. Uni+ed also organizes volunteer activities such as packing food kits, assembling hygiene supplies, and participating in fundraising walks.
Members highlight the group's impact on fostering connections beyond daily work interactions and enhancing corporate culture. Uni+ed's professional development programs have been so successful that other departments have requested similar sessions. The group also emphasizes allyship education and plans to continue expanding its initiatives to encourage more Team Member participation and support for the LGBTQ+ community.
Las Vegas Sands' new corporate headquarters in Las Vegas has earned LEED Gold certification for Building Design and Construction from the U.S. Green Building Council. This achievement aligns with the company's commitment to environmental sustainability. The campus features several eco-friendly elements:
- Powered by renewable electricity, including 1,300 solar photovoltaic panels
- Generated 604,000 kWh of renewable energy in 2023
- High albedo rooftop to reduce air conditioning load
- LED lighting with occupancy sensors
- 16 electric vehicle charging stations
- Food waste management system
The Sands ECO360 team led the sustainability strategy, focusing on low-carbon transition, water stewardship, waste, and materials management. Sands was recently named one of the World's Most Sustainable Companies of 2024 by TIME and Statista.
The 2024 Nevada Youth Homelessness Summit, organized by Nevada Partnership for Homeless Youth (NPHY) and Las Vegas Sands (NYSE: LVS), is set for November 8 at Las Vegas City Hall. Registration opens August 5 at nphy.org/Summit24. The event aims to address Nevada's growing youth homelessness crisis, with a 14% increase in young people experiencing homelessness from 2022 to 2023. The summit will focus on developing Nevada's first standalone plan to end youth homelessness, building on the success of the Southern Nevada Plan. It will bring together diverse stakeholders, including youth with lived experience, service providers, policymakers, and business leaders. The conference registration fee is $100 through September 30 and $175 starting October 1.
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