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Las Vegas Sands Corp. - LVS STOCK NEWS

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.

News

Sands China Launches Next Stage of Development of the Londoner Macao

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Las Vegas Sands (LVS) announces $1 billion enhancements and additions to The Londoner Macao, expected to be completed by early 2025. The upgrades include renovation and repositioning of hotels, new dining, shopping, entertainment, and health and wellness offerings. The Londoner Macao exemplifies English style, tradition, and hospitality and features famous British landmarks. The integrated resort also includes three spas, four health clubs, more than 20 dining options, boutiques from 150 world-renowned brands, and state-of-the-art conference facilities, including the new 6,000-seat The Londoner Arena.
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HBCU Students Reflect on the Inaugural Sands Hospitality Immersion Program

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Las Vegas Sands (LVS) Launches Sands Hospitality Immersion Program with Thurgood Marshall College Fund to Encourage Diverse Students in Hospitality Industry
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Sands Cares Accelerator Members Make Significant Progress in 2023

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Las Vegas Sands (LVS) reports significant progress by Sands Cares Accelerator members in achieving their philanthropic goals. Art Outreach Singapore, Green Future Macau, and The LGBTQ+ Center of Southern Nevada are the featured members, showcasing their respective initiatives and accomplishments. The PR highlights the impact of the Sands Cares Accelerator program and the financial and mentoring support provided by Sands and its Team Members.
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Las Vegas Sands Named to the Dow Jones Sustainability Indices for World and North America

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Las Vegas Sands (NYSE: LVS) has been included on DJSI World for the fourth consecutive year and DJSI North America for the eighth time. Sands China Ltd. was named to DJSI World for the second year. The company's recognition on this premier global sustainability benchmark highlights its corporate responsibility initiatives and ESG leadership. Sands also has established 2021-2025 ambitions in the areas of workforce development, Team Member volunteerism, and carbon emissions reduction, mapping to its People, Communities, and Planet corporate responsibility pillars.
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Sands China Team Members and Rotary Club Volunteers Assemble Over 27,000 Hygiene Kits for Clean the World

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Sands China Ltd. (LVS) has assembled over 356,000 hygiene kits since 2014, diverting 300 tons of hotel amenities from landfills. The company's partnership with Clean the World helps distribute essential hygiene supplies to populations in need worldwide, with a focus on providing emergency response kits during crises and disasters.
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Las Vegas Sands and Marina Bay Sands Award Scholarships to 49 Singapore Students To Nurture Hospitality Talent

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Las Vegas Sands (LVS) and Marina Bay Sands awarded the first 49 student recipients from six Institutes of Higher Learning (IHLs) in the $1 million Sands Hospitality Scholarship Program. The program, announced in August 2022, aims to nurture hospitality talent and create a healthy pipeline for Singapore's workforce. Recipients at the November ceremony represented Nanyang Polytechnic, Ngee Ann Polytechnic, Republic Polytechnic, Singapore Institute of Technology, Singapore Polytechnic, and Temasek Polytechnic. The Sands Hospitality Scholarship Program will ultimately benefit more than 100 Singaporean students pursuing hospitality or tourism-related courses of study. Paul Town, chief operating officer at Marina Bay Sands, expressed delight at welcoming the pioneer batch of scholarship recipients, highlighting the program's commitment to Singapore's vibrant hospitality sector and its aspiration to set new standards in the world of hospitality.
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Macao Youth Learn Skills From Pro Champions at Sands Golf Day

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Las Vegas Sands (LVS) hosted a Sands Golf Day event for 16 youths from the Macau Junior Golf Association with professional golfers Minjee Lee, Lydia Ko, Minwoo Lee, and Collin Morikawa. The event aimed to inspire young athletes and support local charities, with Sands China donating nearly $12,500 to the Macau Deaf Association and Orbis Macau based on the results of the skills challenge. Minjee Lee, the first female brand ambassador of Sands, expressed her enthusiasm for inspiring young athletes and making a positive impact on the Macao community. Collin Morikawa also participated in other Sands youth events, emphasizing the company's commitment to supporting local sports talent and nurturing the growth of young athletes.
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Las Vegas Sands Announces Pricing of Common Stock Offering by its Principal Stockholder

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Las Vegas Sands Corp. (NYSE: LVS) has announced the pricing of a secondary public offering of 46,264,168 shares of its common stock by Dr. Miriam Adelson and The Miriam Adelson Trust at a price of $44.00 per share. The company will not receive any proceeds from the sale, and the offering is expected to close on December 1, 2023. Goldman Sachs & Co. LLC and BofA Securities are acting as joint book-running managers for the offering.
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Las Vegas Sands Announces Launch of Common Stock Offering by its Principal Stockholder

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Las Vegas Sands Corp. (NYSE: LVS) announces a proposed secondary public offering of $2 billion of shares of its common stock by Dr. Miriam Adelson and The Miriam Adelson Trust. The company will not receive any proceeds from the sale, and Goldman Sachs & Co. LLC and BofA Securities are acting as joint book-running managers. Additionally, the company intends to repurchase up to $250 million of the shares of common stock being offered in the Offering at the same per share price to be paid by the underwriters to the Selling Stockholders.
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Sands China Supports Macau Grand Prix with Community and Tourist Activities

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Sands China Ltd. (LVS) supported the 70th Macau Grand Prix with community outings, themed activities, and concerts at The Venetian® Macao and the historic Iec Long Firecracker Factory. President Dr. Wilfred Wong emphasized the company's commitment to promoting Macao as a world center of tourism and leisure.
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FAQ

What is the current stock price of Las Vegas Sands (LVS)?

The current stock price of Las Vegas Sands (LVS) is $52.25 as of December 20, 2024.

What is the market cap of Las Vegas Sands (LVS)?

The market cap of Las Vegas Sands (LVS) is approximately 37.2B.

What properties does Las Vegas Sands operate?

Las Vegas Sands operates the Venetian Macao, Sands Macao, Londoner Macao, Four Seasons Hotel Macao, Parisian Macao, and Marina Bay Sands in Singapore.

What is the company's focus since selling its Las Vegas properties?

Since selling its Las Vegas properties, Las Vegas Sands has focused primarily on its Asia operations, generating all its EBITDA from this region.

What community initiatives is Las Vegas Sands involved in?

Las Vegas Sands is involved in various community initiatives, including the Sands Cares Global Hygiene Kit Build, youth homelessness support, disaster relief, and educational equity programs.

What are some upcoming projects for Las Vegas Sands?

Las Vegas Sands plans to open a fourth tower at Marina Bay Sands in Singapore by the end of 2028.

How does Las Vegas Sands support local businesses?

Las Vegas Sands supports local businesses through initiatives like the Sands Innovation Challenge and Sands Resorts Incubation Centre in Macao.

What is Sands' approach to corporate responsibility?

Sands is dedicated to corporate responsibility, focusing on ESG leadership, promoting DEI, and supporting community-centric projects.

What recognition has Las Vegas Sands received for its ESG efforts?

Las Vegas Sands has been included on the Dow Jones Sustainability Indices for World and North America due to its ESG efforts.

Who did Las Vegas Sands sell its Las Vegas assets to?

Las Vegas Sands sold its Venetian and Palazzo Las Vegas properties to Apollo and VICI in 2022.

How does Las Vegas Sands promote innovation?

Las Vegas Sands promotes innovation through programs like the Sands Innovation Challenge and Sands Resorts Incubation Centre.

What financial results did Las Vegas Sands report recently?

Las Vegas Sands reported strong growth in Macao and Singapore, with significant increases in net revenue and operating income.

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Las Vegas Sands Corp.

NYSE:LVS

LVS Rankings

#341 Ranked by Market Cap
#1573 Ranked by Dividends

LVS Stock Data

37.18B
337.85M
53.41%
47.38%
2.9%
Resorts & Casinos
Hotels & Motels
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United States of America
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