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.
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.
Sands China recently finalized a 10-year gaming concession contract, having received a provisional concession from the Macao SAR government on November 26. CEO Robert G. Goldstein emphasized the company's commitment to investing in Macao's development and tourism. Sands China plans to enhance Macao's appeal as a tourist destination and support local SMEs and community initiatives. The press release also highlights significant investment in non-gaming sectors, aiming for a diversified tourist experience. The company is optimistic about its role in supporting Macao's economic growth.
Las Vegas Sands announced a $500,000 commitment to the Las Vegas Metropolitan Police Department Foundation to support the construction of the LVMPD Reality Based Training Center. This facility aims to provide advanced training for law enforcement, including de-escalation tactics and crisis response for various scenarios. The first phase includes a 50,000-square-foot building and a climate-controlled indoor tactical training village. With this contribution, the LVMPD Foundation has raised over $28 million towards its $35 million fundraising goal for phase one.
Sands China has been awarded a new 10-year gaming concession in Macao, announced by the Macao government on November 26, 2022. This provisional concession underscores Sands China's commitment to continuous investment in Macao's economy and community. The company plans to enhance non-gaming tourism and bolster local talent development, with over 90% of management roles held by locals. Leadership expressed gratitude to stakeholders, emphasizing the goal of transforming Macao into a premier international tourism destination.
Las Vegas Sands Corp. (LVS) reported Q3 2022 results showing a net revenue increase to $1.01 billion from $857 million a year prior, with a consolidated adjusted property EBITDA of $191 million. Despite ongoing travel restrictions, Marina Bay Sands in Singapore demonstrated a recovery, generating $343 million in adjusted EBITDA. The company reported a decreased operating loss of $177 million compared to $316 million in Q3 2021. Total debt outstanding reached $15.27 billion, while unrestricted cash balances stood at $5.84 billion.
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