Las Vegas Snds Stock Price, News & Analysis

Las Vegas Sands Corp. (NYSE: LVS) and Sands China Ltd. submitted a new 10-year gaming concession application in Macao, emphasizing their significant investment in non-gaming tourism and local businesses. Chairman Robert G. Goldstein highlighted their commitment to Macao’s growth as an international tourist destination, driven by extensive community support and infrastructure development. The company aims to enhance local talent development and expand tourism attractions. The application follows their longstanding strategy to bolster Macao’s appeal, underscoring a vision of continued partnership with the local government and communities.

The 2022 Sands Shopping Carnival, organized by Sands China Ltd., opened on September 10 in Macao, coinciding with the Mid-Autumn Festival. The carnival is free to the public, running until September 12, and features over 530 booths across 21,000 square meters, offering about 260,000 products, including special MOP 1 items. The event aims to stimulate local consumption and support the economy by providing a platform for local SMEs. With strict COVID-19 safety measures in place, the carnival expectedly enhances community engagement and economic recovery efforts in Macao.

Las Vegas Sands (NYSE: LVS) has announced a $1 million scholarship program to nurture hospitality talent in Singapore. The initiative aims to assist over 100 students pursuing hospitality-related studies at various Institutes of Higher Learning. Kicking off in 2023, the program seeks to align with Singapore's projected tourism growth. This scholarship is part of Sands' broader community engagement strategy, Sands Cares, which focuses on workforce development in the hospitality sector, indicating a commitment to support Singapore's economic and tourism goals.

Las Vegas Sands Corp. (LVS) reported a challenging financial quarter for June 30, 2022, with net revenue at $1.05 billion, down from $1.17 billion a year prior. Operating loss for the quarter widened to $147 million, while net loss from continuing operations was $414 million, exceeding the previous year’s loss of $280 million. Despite difficulties due to pandemic-related restrictions, Marina Bay Sands showed signs of recovery with adjusted property EBITDA of $319 million. Unrestricted cash stood at $6.45 billion, reflecting financial stability amid ongoing investments in growth.

Las Vegas Sands (NYSE: LVS) will announce its financial results for Q2 2022 on July 20, 2022, shortly after the close of the New York Stock Exchange. A conference call will take place at 1:30 p.m. PT to discuss the results. Investors can access a live webcast through the company’s Investor Relations page. Las Vegas Sands is renowned for developing and operating integrated resorts, significantly impacting local economies through job creation and tourism.

Las Vegas Sands (NYSE: LVS) will participate in the 38th Annual Bernstein Strategic Decisions Conference on June 1, 2022, in New York, NY. CEO Robert G. Goldstein will lead a discussion starting at 1:30 p.m. ET. Investors can access the webcast via the company's website.

The company is renowned for its Integrated Resorts, contributing to local economies and job creation. Sands operates globally, including properties in Singapore and Macao, with a commitment to corporate responsibility and sustainability.

Las Vegas Sands (NYSE: LVS) has unveiled its ESG Report, highlighting its 2021 performance and setting ambitious goals for 2021-2025. Key initiatives include a $200 million investment in workforce development, 150,000 volunteer hours, and a 17% reduction in emissions from 2018 levels. The company emphasized its commitment to climate change and local community support, reporting $263 million spent with SMEs in Macao. Sands also strengthened governance surrounding ESG issues, linking senior executive compensation to performance in this area.

Las Vegas Sands (LVS) reported financial results for Q1 2022, facing continued pandemic-related challenges. Net revenue fell to $943 million, down from $1.20 billion a year earlier, with an operating loss of $302 million. The net loss from continuing operations was $478 million compared to $280 million in Q1 2021. However, the company achieved positive adjusted property EBITDA at Marina Bay Sands, highlighting its efforts in capacity expansion and community support in Singapore and Macao. Unrestricted cash balances stood at $6.43 billion as of March 31, 2022.

Las Vegas Sands (NYSE: LVS) announced a donation of $175,000 to the Asian Community Development Council (ACDC) to support healthcare services for the Asian American Pacific Islander (AAPI) community in Southern Nevada. This contribution includes $100,000 for establishing the HAPI Medical Center and $75,000 for ACDC's language bank and hotline. The funding aligns with Sands Cares, the company's community engagement program, aimed at enhancing social services and reducing barriers for AAPI residents. Sands continues its commitment to community support through diverse nonprofit partnerships.