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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.
The National Hispanic Institute (NHI) and Sands celebrated the first Las Vegas graduates from their youth leadership development program. Supported by Sands Cares, NHI's program aims to cultivate future community leaders by enhancing skills in communication, advocacy, and policy-making. The inaugural class of 10 students, who joined at various points in high school, completed the program this year. Graduates shared how the program widened their perspectives, improved their empathy, and helped with college preparation. Students plan to attend prestigious universities like Boston College, University of Pennsylvania, and Case Western Reserve University. Sands' collaboration with NHI underscores its commitment to mentorship and youth development.
Las Vegas Sands (NYSE: LVS) announced a $100,000 donation through its Sands Cares program to Teach for America (TFA) Nevada.
This contribution aims to tackle teacher shortages in Southern Nevada by supporting recruitment and retention programs, including the RootED Fellowship. The funds will target high-need classrooms, with the goal of establishing a network of 800 TFA education leaders in the region by 2025.
The RootED Fellowship will receive half of the donation to retain experienced teachers, addressing high turnover rates in Clark County's most challenged schools. The remaining funds will support recruiting at least 50 new teachers for the 2024-2025 school year, focusing on Title I schools.
This initiative aligns with Las Vegas Sands' commitment to enhancing public education and workforce development in the community.
Las Vegas Sands expanded its support for Americares Emergency Response through a $200,000 contribution via Sands Cares. This funding aids Americares' Asia regional hub in the Philippines and U.S. recruitment and training initiatives for emergency responders.
In the U.S., the funding helps recruit and train 25 new emergency responders from New York, New Jersey, and Connecticut, with a training session held on May 17 in Long Island City, NY. In Asia, funding supports emergency response training, including a simulation exercise for 35 members in December.
This partnership, beginning in 2020, has significantly bolstered Americares’ capacity, increasing its emergency roster from 20 to over 180 members and enabling rapid response to multiple disasters in Southeast Asia.
Sands' engagement with Americares is part of a broader initiative to support disaster preparedness and response in its communities by providing funding, in-kind resources, and infrastructure investments.
Las Vegas Sands (NYSE: LVS) has donated $225,000 to the Asian Community Development Council (ACDC) through its Sands Cares initiative. This donation will support three key ACDC programs: the Healthy Asian Pacific Islanders (HAPI) Medical Center, the API Language Link, and various youth developmental programs.
The HAPI Medical Center, opened in 2022 with Sands' help, offers bilingual primary health care to the AAPI community. The API Language Link, established in 2021, provides translation services in 10 languages.
This year's funding will also support ACDC's College Readiness Bootcamp and the GraduAsian ceremony, aimed at educating and celebrating AAPI students and their families. Last year, Sands' support helped ACDC serve over 260 patients and host 40 vaccine clinics. The API Language Link served nearly 2,500 families and assisted with voter registration for 3,300 people.
Sands' investment aligns with its strategy to foster a thriving Southern Nevada AAPI community by removing barriers and advancing opportunities for underrepresented groups.
Las Vegas Sands (NYSE: LVS) has donated $225,000 to the Asian Community Development Council (ACDC) through Sands Cares. This donation supports key ACDC initiatives like the Healthy Asian Pacific Islanders (HAPI) Medical Center, API Language Link, and various youth development programs. The HAPI Medical Center, opened with Sands' support, offers culturally sensitive health care. API Language Link provides translation services in 10 languages. Sands' latest funding extends to youth programs such as the College Readiness Bootcamp and the GraduAsian ceremony, benefitting over 300 students and parents. Last year, Sands' support enabled ACDC to serve over 260 patients, host 40 vaccine clinics, and assist in voter registration for thousands. This contribution reflects Sands' commitment to fostering community development and empowering future leaders in Southern Nevada's AAPI community.
Las Vegas Sands (NYSE:LVS) announced a $300,000 donation to the Nevada Partnership for Homeless Youth (NPHY), marking over $2.5 million in total support since 2014. This contribution aims to address youth homelessness in Southern Nevada, exacerbated by rising living costs and a severe shortage of affordable housing. Sands' funding will support emergency shelter, housing programs, advocacy initiatives, and capacity building for NPHY. Celebrating their 10-year partnership, NPHY awarded Sands the Game Changer Award for its impactful contributions. The 2024 Sands Cares funding will also bolster NPHY's research, policy, and advocacy efforts, including the annual Nevada Youth Homelessness Summit and the Movement Institute advocacy program.
Las Vegas Sands (NYSE: LVS) will participate in the 38th Annual Bernstein Strategic Decisions Conference on May 29, 2024, in New York, NY. Chairman and CEO Robert G. Goldstein will take part in a discussion at 11:00 a.m. Eastern Time. Investors can access a webcast of the discussion via the company's Investor Relations website.
Las Vegas Sands (NYSE: LVS) has made a $300,000 donation to the Nevada Partnership for Homeless Youth (NPHY), bringing their total contributions to $2.6 million since 2014. This donation continues Sands' long-term commitment to combat youth homelessness in Nevada, supporting NPHY's emergency shelter and housing programs, advocacy initiatives, and organizational capacity-building. The contribution also aids in addressing increased living costs and supports the annual Nevada Youth Homelessness Summit. This partnership has been recognized for its significant impact, as NPHY awarded Sands the Game Changer Award at their inaugural gala.
Las Vegas Sands' EmpowHER Team Member resource group has successfully hosted a 'Women in Leadership' speaker series aimed at empowering women and their allies in the workforce. The series, which began in 2023, included five sessions featuring notable women leaders, such as former Nevada First Lady Lauralyn Sandoval and former Las Vegas Mayor Jan Jones Blackhurst. Topics covered included building confidence, mastering communication, and emotional intelligence. Participants have reported that the series has been inspiring and beneficial for career development. EmpowHER will continue the series this year with topics like navigating team dynamics and resolving conflicts. The initiative reflects Sands' commitment to diversity, equity, and inclusion, offering mentoring, networking, and volunteering opportunities.
Sands® Macao celebrated its 20th anniversary on May 16, 2024, marking two decades since its opening in 2004. The ceremony celebrated Sands Macao's role in transforming Macao into a prime tourism and leisure destination. The event featured performances by local artists and highlighted the property's significant impact on the region's tourism industry.
Since its inception, Sands Macao has paved the way for its sister properties on the Cotai Strip, contributing to the 950 million visits recorded by Sands China's five properties. The company now boasts over 12,000 hotel rooms, 150 dining options, 720 duty-free shops, and multiple entertainment venues.
During the celebration, executive vice chairman Dr. Wilfred Wong expressed gratitude to the Central People's Government and the Macao SAR Government, emphasizing the company's commitment to innovation and economic diversification. Internal celebrations with over 1,200 founding team members and community events with the Fuhong Society of Macau were also part of the festivities.
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