Las Vegas Snds Stock Price, News & Analysis

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.

Sands China launched a major art exhibition featuring Philip Colbert's iconic Lobster installations across five locations in Macao, running from January to mid-March 2025. The exhibition, titled 'Coastal Fantasia: The Lobster King's Vacation in Macao,' includes a 15-meter high Lobster Submarine at the Macao Science Center waterfront and a 7-meter high Lobster Flamingo at The Venetian Macao.

The free exhibition aims to enhance Macao's maritime tourism offerings and cultural experience. It includes Colbert's solo exhibition 'The Journey to the Lobster Planet Macao' at ART Space until February 15, featuring over 20 new artworks. The initiative extends to historic sites including the former Iec Long Firecracker Factory and Taipa Houses, where seven specially crafted sculptures are displayed until March 16.

Las Vegas Sands (NYSE:LVS) has achieved its fifth consecutive year of recognition on both the Dow Jones Sustainability Indices (DJSI) World and North America. Its subsidiary, Sands China, made DJSI World and DJSI Asia Pacific for the third straight year. They are the only two companies among 18 in the Casino and Gaming category listed on DJSI World.

The company has set ambitious ESG targets for 2021-2025, including:

• $200 million investment in workforce development (currently at $181 million)
• 250,000 Team Member volunteer hours (222,823 hours logged)
• 17.5% carbon emissions reduction (currently 50% below base year)

LVS ranked 60th out of 600 companies on Newsweek's America's Most Responsible Companies and leads the hotels, dining and leisure industry. The company will publish its next ESG report in spring 2025.

Las Vegas Sands (NYSE: LVS) has achieved its fifth consecutive placement on both the Dow Jones Sustainability World and North America Indices, while its subsidiary Sands China secured spots on DJSI World and DJSI Asia Pacific for the third year running. They are the only two companies among 18 in the Casino and Gaming category listed on DJSI World this year.

The company has made significant progress on its 2021-2025 ESG targets, investing $181 million in workforce development since 2021, logging 222,823 Team Member volunteer hours, and achieving a 50% reduction in carbon emissions below the base year. LVS ranked 60th out of 600 companies on Newsweek's America's Most Responsible Companies and first in the hotels, dining and leisure industry.

Sands China launched its Community Revitalization Program in 2023 to restore historic Macao areas. The initiative, themed 'Reshape. Rejuvenate. Reimagine,' focuses on landmarks including the former Iec Long Firecracker Factory, Taipa Houses, Rua das Estalagens, and Macao Cultural Center Plaza.

Key projects include the Entrepreneurship Recruitment Program for Rua das Estalagens, which funded seven local businesses from 128 applications, and various cultural initiatives at the Iec Long Firecracker Factory, including the Colorful Spark Pop-up Cultural Creative Playground running through January 2025. The program aims to preserve Macao's heritage while promoting tourism and supporting local small and medium-sized enterprises.

Las Vegas Sands (LVS) and the University of Nevada, Las Vegas (UNLV) have announced the creation of the Sands Institute for Chinese Language and Culture, supported by a $15 million donation from Sands to the UNLV Foundation. The institute, approved by the Nevada System of Higher Education Board of Regents on December 5, 2024, will be located in UNLV's Maryland Administrative Building.

The institute will offer Mandarin language courses, cultural programming, and student/faculty exchanges. It aims to enhance Chinese cultural literacy and facilitate intercultural dialogue in Las Vegas, particularly important as the city grows as a global hub for tourism, hospitality, business, and sports. The initiative builds upon Sands' nearly two-decade-long support of UNLV's academic initiatives.