Las Vegas Snds Stock Price, News & Analysis

Las Vegas Sands has appointed Robert G. Goldstein as chairman and CEO, following the death of founder Sheldon G. Adelson on January 11, 2021. Goldstein, a long-time executive, had been serving as acting CEO since January 7. Patrick Dumont takes on the role of president and COO, and Randy Hyzak is now CFO. The leadership change aims to honor Adelson's legacy while pursuing future growth. Goldstein emphasizes a commitment to the company's core principles and community support, while continuing to provide shareholder returns.

Las Vegas Sands (NYSE: LVS) will announce its financial results for the quarter ended December 31, 2020 on January 27, 2021, shortly after the market close. A conference call will follow at 1:30 p.m. PT to discuss the results. The call can be accessed via the company's Investor Relations webpage. As a leading operator of Integrated Resorts, Las Vegas Sands focuses on delivering economic benefits to the communities it operates in.

Dr. Miriam Adelson announced the death of her husband, Sheldon G. Adelson, Chairman and CEO of Las Vegas Sands, due to complications from a long illness. Celebrated for his entrepreneurial spirit, Sheldon rose from humble beginnings to become a significant figure in business and philanthropy. His legacy includes commitment to his employees, ensuring their wages during the COVID-19 crisis, and substantial contributions to various charitable causes. Dr. Adelson reflects on their life together and the immense impact he had on countless lives, emphasizing his American patriotism and dedication to social good.

Las Vegas Sands announces the death of its Chairman and CEO, Sheldon G. Adelson, at age 87 from complications due to non-Hodgkin's lymphoma. Adelson, a transformative figure in the integrated resort industry, was known for his exceptional entrepreneurial success, founding Las Vegas Sands and redefining tourism in Las Vegas, Macao, and Singapore. He emphasized employee welfare during the pandemic, ensuring team members received full pay and benefits. The family requests privacy during their period of mourning, with plans for a funeral in Israel and a memorial service in Las Vegas.

Las Vegas Sands chairman and CEO Sheldon G. Adelson announced a leave of absence due to his ongoing treatment for non-Hodgkin's lymphoma, resuming his cancer therapy as of January 7, 2021. In his absence, Robert G. Goldstein, the current president and COO, has been appointed as the acting chairman and acting CEO of both Las Vegas Sands and Sands China Ltd. Las Vegas Sands continues to operate as a leader in the Integrated Resort sector, contributing significantly to local economies through job creation and tourism.

Las Vegas Sands (NYSE: LVS) published its 2019 Environmental, Social, and Governance (ESG) Report, highlighting progress in sustainability and corporate responsibility. Key achievements include advancements in environmental programs like renewable energy and plastics elimination, as well as social initiatives focused on Team Member wellness and community engagement. Notably, Sands was named to the Dow Jones Sustainability Index North America and the CDP 'A' list for climate change. The report consolidates data on environmental practices and governance, emphasizing ethics and transparency in operations.

Las Vegas Sands (NYSE: LVS) has been recognized by global nonprofit CDP on its Climate and Water A Lists for the sixth and third consecutive years, respectively. This achievement reflects the company's commitment to reducing emissions, managing climate risks, and promoting water efficiency. Sands is among only 64 companies to achieve both designations. Recently, it was also included in the Dow Jones Sustainability World and North America Indices. Sands aims to lead in environmentally responsible operations through its Sands ECO360 program.

Las Vegas Sands Corp. reported a significant 82.0% drop in net revenue to $586 million for Q3 2020, following the impacts of the Covid-19 pandemic. The company experienced a net loss of $731 million, compared to a profit of $669 million in Q3 2019. Sands China Ltd. reported a 92.1% revenue decline to $167 million, resulting in a net loss of $562 million. Despite these challenges, the company maintains a strong balance sheet with $2.38 billion in cash and $3.95 billion available for borrowing. Capital expenditures totaled $376 million.