Las Vegas Snds Stock Price, News & Analysis

Las Vegas Sands has designated July as Plastic-Free July, focusing on the reduction of plastic waste and pollution. The company has implemented a five-point strategy including:

• Eliminate: Phasing out single-use plastics and using bamboo/wood alternatives.
• Reuse: Implementing reusable products across its resorts.
• Replace: Transitioning to recyclable materials.
• Recycle: Enhancing recycling efforts through training and audits.
• Research and Collaborate: Partnering with local suppliers and educational institutions.

This initiative is part of Sands' commitment to environmental sustainability.

Las Vegas Sands announced that Green Our Planet, a nonprofit focused on STEM education through school gardening, is achieving significant growth during its time in the Sands Cares Accelerator. Founded in 2013, the organization now serves 160,000 students across 16 states and aims to launch 250 more garden programs in the upcoming school year. Green Our Planet’s HydroHealth initiative, which connects workplace hydroponic gardens to school gardens, has established 10 programs at corporations, further expanding its reach and impact.

Las Vegas Sands supported the opening of the Healthy Asians & Pacific Islanders (HAPI) Medical Center in Las Vegas, aiding the AAPI community in accessing culturally and linguistically appropriate health services. This initiative is a collaboration with the Asian Community Development Center (ACDC), which received $100,000 from Sands to facilitate the center's launch. The medical center aims to serve underserved populations with a bilingual staff and culturally sensitive care, addressing significant barriers to health access for AAPI residents in the region.

Sands China has been active in Macao, with its Sands Cares Ambassadors dedicating over 175,000 hours of volunteer service since 2009. In 2022, the ambassadors assembled 800 hygiene kits for vulnerable residents and supported COVID-19 testing initiatives. They also provided enrichment activities for youth with disabilities and assembled 2,600 food kits for families in need through partnerships with local organizations. The company emphasizes its commitment to community well-being, as stated by Dr. Wilfred Wong, president of Sands China.

Las Vegas Sands announced a significant commitment to workforce development, unveiling plans to invest $200 million over five years. This initiative aims to enhance professional growth for Sands Team Members and local labor markets, focusing on skilled training and higher education partnerships. Key programs include a leadership development pathway for Team Members, grants for hospitality students, and support for Macao SMEs through financial assistance and training. The company reported nearly 1,300 promotions in 2021, reflecting the success of its workforce development efforts.

Sands China, a subsidiary of Las Vegas Sands Corp. (LVS), marked its 9th consecutive year participating in a global initiative by assembling 28,500 hygiene kits on December 12, 2022. The event, held at The Venetian Macao, involved approximately 250 volunteers and aimed to support Clean the World, an organization distributing hygiene supplies to those in need. Since 2014, over 328,000 kits have been created, highlighting Sands China's commitment to corporate social responsibility and community well-being.

100 Black Men Las Vegas held summer mentorship events to support local youth. Volunteers took mentees to the NBA Summer League Tournament and a Real Madrid vs. Barcelona soccer match. In addition, they participated in Back to School events, distributing supplies to families.

Sands partners with 100 Black Men Las Vegas, providing annual funding through its Sands Cares program. This collaboration aims to offer developmental opportunities to diverse youth, contributing to community growth.

Sands China Ltd., a subsidiary of Las Vegas Sands Corp. (NYSE: LVS), has secured a new 10-year gaming concession in Macao. The company plans to invest MOP 30 billion (USD 3.75 billion) by 2032, with MOP 27.8 billion (USD 3.5 billion) earmarked for non-gaming projects. Key investment areas include expanding convention facilities, creating a garden-themed attraction, and enhancing entertainment offerings. Sands aims to support Macao's economy and tourism while developing local talent through six new academies.