Welcome to our dedicated page for Las Vegas Snds news (Ticker: LVS), a resource for investors and traders seeking the latest updates and insights on Las Vegas Snds stock.
Las Vegas Sands Corp. (NYSE: LVS), a global leader in integrated resort development, maintains this dedicated news hub for investors and industry observers. Access official press releases, financial updates, and strategic announcements from the company behind iconic properties like Marina Bay Sands and The Venetian Macao.
This resource provides centralized access to critical updates including earnings reports, property expansions, sustainability initiatives, and market developments across LVS's global operations. Monitor operational milestones in gaming, hospitality, and convention sectors while staying informed about Asia-Pacific market strategies.
All content is sourced directly from company communications and verified financial channels, ensuring reliability for investment research and market analysis. Bookmark this page for streamlined tracking of LVS's performance in luxury resort operations and corporate developments.
Las Vegas Sands (NYSE: LVS) reported Q1 2025 financial results with net revenue of $2.86 billion, down from $2.96 billion year-over-year, and net income of $408 million, compared to $583 million in Q1 2024. The company's consolidated adjusted property EBITDA was $1.14 billion.
Key highlights include Marina Bay Sands achieving EBITDA of $605 million and Macao operations generating EBITDA of $535 million, though impacted by $10 million due to low hold on rolling play. The company repurchased $450 million of common stock during the quarter at an average price of $44.59 per share. The Board increased the share repurchase authorization to $2.0 billion.
The company maintains a strong balance sheet with $3.04 billion in unrestricted cash and $4.44 billion available for borrowing. Total debt stands at $13.71 billion. Capital expenditures totaled $379 million, with $197 million in Macao and $175 million at Marina Bay Sands.
Las Vegas Sands (NYSE: LVS) has announced a $100,000 donation through its Sands Cares program to 100 Black Men Las Vegas, supporting youth mentorship, scholarship, and community service initiatives. The 2025 contribution will fund new programs including STEM initiatives, Pathways to Public Service, and Realtist Academy.
The funding will support the organization's flagship Crossroads youth mentoring program, which served over 1,500 students in 2024 and achieved a 20% grade point average increase over 2023. The donation will also contribute to scholarship funds, aiming to provide $100,000 in scholarships in 2025, up from $80,000 distributed last year.
Additional supported programs include Virtual Youth Cooking Class and the annual Thanksgiving dinner distribution event. The contribution will also assist 100 Black Men Las Vegas in securing a permanent location for their operations.
Sands China (SCHYY) celebrated the 10th anniversary of its Local Small, Medium and Micro Suppliers Support Programme at The Londoner Macao, alongside the 2025 Local Supplier Open Day attended by 250 local SMEs. The programme, launched in 2015 with the Macao Chamber of Commerce, focuses on supporting local small suppliers, 'Made in Macao' companies, and young entrepreneurs.
The Open Day featured procurement booths across various categories including F&B, logistics, marketing, technology, and hotel supplies. A new addition included a dedicated booth for DSEDT-certified Macao technology enterprises. The company's procurement success is evident in its 2024 figures, with MOP 15.2 billion in gross procurement, of which 84% (MOP 12.8 billion) went to Macao enterprises, including over 4.6 billion to local SMEs.
The company announced plans to launch a digital marketing training programme for local SMEs and support the '2025 Macau Youth Innovation and Entrepreneurship Competition' in August, furthering its commitment to Macao's economic diversification.
Las Vegas Sands (NYSE: LVS) has announced it will release its first quarter 2025 financial results on Wednesday, April 23, 2025, after the market closes. The company has scheduled a conference call to discuss the quarterly results at approximately 1:30 p.m. Pacific Time. Interested parties can access the conference call webcast through the company's investor relations website at www.investor.sands.com.
Las Vegas Sands (NYSE: LVS) has released its 2024 ESG report, highlighting significant achievements in its 2021-2025 environmental and social initiatives. The company has exceeded its targets in key areas:
- Invested $220 million in workforce development, surpassing the $200 million goal
- Accumulated 255,955 Team Member volunteer hours, exceeding the 250,000-hour target
- Reduced scope 1 and 2 emissions by 50% from 2018 baseline, well ahead of the 17.5% target
Notable 2024 achievements include:
- $3 billion spent on local and SME procurement
- $12 million in philanthropic contributions
- 11% reduction in water use intensity from 2019
- 6% increase in waste diversion rate
- Progress in sustainable initiatives with 62% achievement in sustainable water bottles and 18% in cage-free egg procurement
The 2025 Sands China Macao International 10K successfully hosted approximately 10,000 runners from 40 countries on March 16, 2025. Kenyan athletes Vincent Kibet Langat and Betty Sigei won the men's and women's races respectively, both setting new records. In the Macao category, Wang Kun and Hoi Long claimed victories, with Wang establishing a new Macao record.
The event, organized by the Sports Bureau of Macao SAR Government and Sands China , featured a scenic route from Sai Van Lake Square to the Olympics Sports Centre, including the Cotai Strip for the first time. The race included a Fun Run with an 'Ocean Run' costume contest theme, promoting marine environment protection. Additionally, 550 participants from local social service institutions joined to promote inclusive sports.
Las Vegas Sands (NYSE: LVS) announced that Robert G. Goldstein, Chairman and CEO, will transition to a senior advisor role on March 1, 2026, serving through March 2028. In this capacity, he will assist with government relations, new development opportunities, and gaming strategies.
Goldstein, who joined Sands in 1995, has been instrumental in transforming the company from a gaming-centric model to an integrated resort model. His achievements include developing The Venetian Las Vegas, launching the Grand Canal Shoppes, and overseeing significant property milestones that impacted the Las Vegas Strip. Notable accomplishments include the $1.5 billion sale of retail offerings in 2004, the development of Sands Bethlehem (sold for $1.3 billion in 2019), and partnerships in creating the MSG Sphere entertainment venue.
The company's board intends to name Patrick Dumont, current president and COO, as chairman and CEO upon Goldstein's transition.
Las Vegas Sands (NYSE: LVS) has announced a new three-year commitment of nearly $350,000 to support the National Hispanic Institute's (NHI) leadership development program in Las Vegas for academic years 2024-2025 through 2026-2027. This funding extends the previous three-year grant that helped establish NHI's presence in Las Vegas.
The program has successfully enabled 97 Las Vegas high school students to complete leadership development programs from 2022 to 2024, with over 25 students returning as volunteers. The new funding will cover student tuition stipends, travel expenses, recognition ceremonies, a student civic project, and support for a local administrator. The program includes three progressive stages: the Great Debate for sophomores, the Lorenzo de Zavala Youth Legislative Session for juniors, and the Collegiate World Series for seniors.
Las Vegas Sands (NYSE: LVS) reported Q4 2024 financial results with net revenue of $2.90 billion, down 0.7% year-over-year, and net income of $392 million, compared to $469 million in Q4 2023. The company achieved consolidated Adjusted Property EBITDA of $1.11 billion, with Macao contributing $571 million and Marina Bay Sands adding $537 million.
During Q4, LVS repurchased $450 million of common stock at an average price of $51.10 and acquired $250 million of SCL stock, increasing ownership to 72.3%. The company maintains strong liquidity with $3.65 billion in unrestricted cash and $4.44 billion available in credit facilities. Total debt stood at $13.62 billion.
For full-year 2024, operating income reached $2.40 billion with net income of $1.45 billion ($1.96 per diluted share), showing improvement from 2023's $1.22 billion ($1.60 per diluted share).
Las Vegas Sands (NYSE: LVS) announced it will release its fourth quarter 2024 financial results on Wednesday, January 29, 2025, after the market closes. The company has scheduled a conference call to discuss the results at approximately 1:30 p.m. Pacific Time. Investors and interested parties can access the conference call webcast through the company's investor relations website at www.investor.sands.com.
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