Las Vegas Sands Corp. - LVS STOCK NEWS

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.

Las Vegas Sands (NYSE: LVS) has made a $100,000 donation through Sands Cares to Dress for Success Southern Nevada to support workforce development services for unemployed and underemployed women. The funding focuses on job readiness, career coaching, styling services, and financial literacy programs to help women achieve economic independence. DFS Southern Nevada has assisted over 13,000 women since 2009, providing professional attire, development tools, and mentorship. Sands' contribution enables capacity-building initiatives like resume builders, career assessments, and virtual mentorship sessions, aligning with the company's commitment to empowering workforce development and economic empowerment.

Cynt Marshall, CEO of the Dallas Mavericks, shared her journey and insights on diversity and inclusion during Women's History Month at Sands. Marshall's leadership has transformed the Mavericks into an award-winning operation.

Las Vegas Sands (LVS) reported strong financial results for the first quarter of 2024, with a net revenue of $2.96 billion and a net income of $583 million. The company's consolidated adjusted property EBITDA reached $1.21 billion, with Macao contributing $610 million and Marina Bay Sands $597 million. Despite a low hold on rolling play in Macao negatively impacting adjusted property EBITDA by $31 million, a high hold on rolling play at Marina Bay Sands positively impacted EBITDA by $77 million. LVS also repurchased approximately $450 million of common stock during the quarter.

Las Vegas Sands and The WASH Foundation's Drop by Drop Project partners report progress in advancing environmental sustainability through grants in Macao and Singapore. The University of Saint Joseph in Macao studied mangroves' role in reducing plastic pollution, showing success in trapping plastic and educating the community.