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Las Vegas Sands Corp. reports developments tied to its integrated resort business in Macao SAR, China, and Singapore. The company operates resort properties that combine casino, hotel, entertainment, food and beverage, retail, and convention operations, including Marina Bay Sands in Singapore and Macao properties held through majority ownership of Sands China Ltd.
Recurring news for LVS includes quarterly operating results, property EBITDA measures, share repurchase activity, capital allocation, corporate responsibility reporting, and inclusion in sustainability indices. Company updates also cover Sands China community revitalization, cultural programming, local SME support, and governance changes connected to the board and senior leadership.
Las Vegas Sands (NYSE: LVS) is set to release its fourth-quarter 2021 financial results on January 26, 2022, after the market closes. A conference call will follow at approximately 1:30 p.m. PT to discuss the results. Interested parties can access a live webcast through the company's Investor Relations section. Las Vegas Sands is recognized for its premier Integrated Resorts, including properties in Las Vegas, Singapore, and Macao, contributing significantly to local economies through tourism and job creation.
Las Vegas Sands has partnered with the National Hispanic Institute (NHI) to launch a leadership training program for Latino high school students in Las Vegas. This program, backed by a $150,000 commitment from Sands Cares over three years, will provide scholarships for 38 students in its first year, focusing on communication skills and leadership development. The initiative will culminate in participation at the California Sol Great Debate in July. Applications are open until January 31, 2022, emphasizing academic excellence for eligibility.
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Las Vegas Sands (NYSE: LVS) was recognized by CDP on its 2021 Climate and Water A Lists, achieving this for the seventh and fourth consecutive years, respectively. Only 55 companies received an 'A' on both lists out of 12,000 evaluated. Sands stands out as the sole hospitality and gaming company to attain this recognition, underscoring its commitment to sustainability, reduced emissions, and water conservation. This announcement follows Sands' inclusion in the Dow Jones Sustainability World and North America Indices, confirming its leadership in environmental practices.
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Las Vegas Sands Corp. (NYSE: LVS) reported financial results for Q3 2021, showcasing net revenue of $857 million, up from $446 million year-over-year. While the company faced pandemic-related restrictions, it achieved positive EBITDA across all markets. The net loss from continuing operations was $594 million, an improvement from $664 million in Q3 2020. The company is optimistic about the recovery of travel and tourism. Unrestricted cash reserves stood at $1.64 billion, with total debt at $14.50 billion. LVS also announced plans to sell its Las Vegas properties for approximately $6.25 billion.
On October 13, 2021, Las Vegas Sands (NYSE: LVS) announced they will release their financial results for Q3 2021 on October 20, shortly after the market closes. A conference call will take place at 1:30 PM PT (4:30 PM ET) to discuss these results. The company emphasizes its status as a leading developer of Integrated Resorts, contributing to local economies through tourism and job creation. For more information, a webcast of the call will be available on their Investor Relations website.
Las Vegas Sands (NYSE: LVS) announces the fifth annual Southern Nevada Youth Homelessness Summit on November 4 at UNLV. The event aims to address youth homelessness, featuring leaders from various sectors, including a panel discussion and community input sessions. The summit will adapt strategies highlighted in the Southern Nevada Plan to End Youth Homelessness, established in 2017. Safety protocols ensure a safe environment for attendees. Las Vegas remains a critical area for youth homelessness, with over half of unaccompanied homeless children and youth located in Southern Nevada.
Las Vegas Sands Corp. announced that its subsidiary, Sands China Ltd., has priced a significant offering of senior notes totaling $1.95 billion. This includes $700 million of 2.300% senior notes due 2027, $650 million of 2.850% senior notes due 2029, and $600 million of 3.250% senior notes due 2031. The offering is set to close on September 23, 2021. The proceeds will be used to fully redeem $1.80 billion of 4.600% senior notes due 2023, along with accrued interest. Sands China aims to list the notes on the Hong Kong Stock Exchange, with no public offering in Hong Kong.
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.