Las Vegas Snds Stock Price, News & Analysis

Las Vegas Sands Corp. announces that its subsidiary, Sands China Ltd., plans to issue USD-denominated senior unsecured notes. Key parameters are to be determined at pricing. The proceeds will be used to entirely redeem its US$1.80 billion senior notes due 2023, covering accrued interest and a make-whole premium. The notes are unregistered and will only be sold to qualified institutional buyers outside the U.S. Sands China intends to list the notes on the Hong Kong Stock Exchange, but the offering is subject to change as no binding agreement is yet in place.

Las Vegas Sands Corp. (NYSE: LVS) reported significant financial results for Q2 2021, with net revenue soaring to $1.17 billion, up from $62 million in the same quarter last year. However, the company still posted a net loss of $280 million, an improvement from $841 million a year ago. Operating loss decreased to $139 million, and adjusted EBITDA rose to $244 million.

The ongoing pandemic restrictions in Macao and Singapore continue to hinder visitation, impacting financial performance, but the company remains optimistic about recovery.

Las Vegas Sands (NYSE: LVS) has extended its partnership with the Nevada Partnership for Homeless Youth (NPHY) by donating $300,000 to assist vulnerable youth in Southern Nevada. This contribution will enhance NPHY's services and facilitate efforts to reduce youth homelessness. Since 2015, Sands has donated over $1.77 million to NPHY, supporting key programs and housing initiatives. The 2021 donation includes $100,000 for NPHY's Housing Expansion Campaign, essential for addressing rising real estate costs. Sands' commitment has positively impacted over 1,900 youth through critical services.

Las Vegas Sands (NYSE: LVS) will announce its financial results for the quarter ending June 30, 2021, on July 21, 2021, after market close. A conference call to discuss the results is scheduled for 1:30 p.m. Pacific Time. The call will be accessible via webcast on the company’s investor relations website. Las Vegas Sands is known for its Integrated Resorts, contributing to local economies through tourism and job creation. The company operates several luxury properties globally, including in Las Vegas, Singapore, and Macao.

Las Vegas Sands announced a new initiative to strategically invest in digital gaming technologies, primarily in the business-to-business sector. This effort includes forming a dedicated digital gaming investment team led by Davis Catlin, who has extensive experience in the digital gaming industry. CEO Robert Goldstein emphasized the company's commitment to enhancing its leadership position and believes these investments will yield significant long-term benefits. Sands aims to leverage its resources and expertise to capitalize on the growing digital gaming market.

Las Vegas Sands (NYSE: LVS) announced a $163,000 donation to The LGBTQ Center of Southern Nevada, completing phase one of a $400,000 capital campaign for the Arlene Cooper Community Health Center expansion. This funding aims to enhance healthcare for LGBTQIA+ and low-income residents in Downtown Las Vegas, facilitating the launch of primary medical care services in 2022. The clinic will address healthcare disparities faced by marginalized communities and generate sustainable revenue for ongoing programs. Sands Cares continues its commitment to supporting community health initiatives.

Las Vegas Sands (NYSE: LVS) will participate in the 37th Annual Bernstein Strategic Decisions Conference on June 2, 2021, at 4:30 p.m. Eastern Time. Chairman and CEO Robert G. Goldstein will lead the discussion, accessible via webcast on the company’s Investor Relations page. Las Vegas Sands is a leading developer of Integrated Resorts, providing significant economic benefits to local communities through job creation and enhanced tourism. The company operates notable properties including The Venetian Resort and Marina Bay Sands, while championing corporate responsibility through its Sands Cares and Sands ECO360 initiatives.

Las Vegas Sands (LVS) announced a $75,000 donation to the Asian Community Development Council (ACDC) to support a capital campaign aimed at improving access to social services for non-English speaking communities in Southern Nevada. This donation is part of ACDC's $500,000 goal to develop the In-Language Client Success Advocacy Program, addressing language barriers and enhancing service access for the Filipino, Chinese, Korean, Vietnamese, and Thai communities. The initiative is especially critical amid rising discrimination against AAPI individuals during COVID-19.

Las Vegas Sands Corp. (NYSE: LVS) reported a net revenue of $1.20 billion for Q1 2021, down 15.6% year-over-year. The company faced an operating loss of $96 million compared to a gain of $6 million last year, with a net loss from continuing operations totaling $280 million. The company is selling its Las Vegas properties for approximately $6.25 billion, expected to close in Q4 2021. Despite pandemic-related travel restrictions affecting performance, LVS is confident in the recovery of travel and tourism spending.