Welcome to our dedicated page for Las Vegas Snds news (Ticker: LVS), a resource for investors and traders seeking the latest updates and insights on Las Vegas Snds stock.
Las Vegas Sands Corp. (NYSE: LVS), a global leader in integrated resort development, maintains this dedicated news hub for investors and industry observers. Access official press releases, financial updates, and strategic announcements from the company behind iconic properties like Marina Bay Sands and The Venetian Macao.
This resource provides centralized access to critical updates including earnings reports, property expansions, sustainability initiatives, and market developments across LVS's global operations. Monitor operational milestones in gaming, hospitality, and convention sectors while staying informed about Asia-Pacific market strategies.
All content is sourced directly from company communications and verified financial channels, ensuring reliability for investment research and market analysis. Bookmark this page for streamlined tracking of LVS's performance in luxury resort operations and corporate developments.
Las Vegas Sands (LVS) and Nevada Partnership for Homeless Youth (NPHY) are organizing the 8th annual Nevada Youth Homelessness Summit on November 8, 2024, at Las Vegas City Hall. The event aims to address Nevada's rising youth homelessness rates, which increased by 14% from 2022 to 2023. The summit features presentations from experts, officials, and youth advocates, preparing for the state's first stand-alone youth homelessness plan in 2025. Nevada currently faces the nation's most severe affordable housing shortage, with only 14 affordable rentals available per 100 extremely low-income households.
Sands China and community partners assembled over 30,000 hygiene kits for Clean the World in one day at The Venetian Macao. 350 volunteers, including Sands Cares Ambassadors and members from four local organizations, participated in this 11th annual initiative. The kits, containing recycled hotel amenities and essential hygiene supplies, will be distributed to 15 community groups in Philippines, Hong Kong, and Macao. Since 2014, Sands China has diverted over 330 tons of hotel amenities from landfills and produced 385,700 hygiene kits through this sustainability program.
Las Vegas Sands (NYSE: LVS) reported Q3 2024 financial results with net revenue of $2.68 billion, down from $2.80 billion year-over-year, and net income of $353 million, compared to $449 million in Q3 2023. The company's consolidated adjusted property EBITDA was $991 million, with Macao contributing $585 million and Marina Bay Sands adding $406 million. Both locations were negatively impacted by low hold on rolling play. The Board authorized $2.0 billion in future stock repurchases and increased the annual dividend to $1.00 per share for 2025. During Q3, LVS repurchased $450 million of common stock and acquired $44 million of SCL stock.
Las Vegas Sands launched its first corporate summer intern program at its new Las Vegas headquarters, welcoming 10 interns for a 10-week program. Interns were placed in various departments, including design, engineering, treasury, compliance, tax, HR, and procurement. The program aimed to provide hands-on experience in the hospitality industry and cultivate future talent.
The intern class graduated in August, with participants sharing their experiences and insights gained. Many interns highlighted the valuable skills they acquired, the importance of cross-department collaboration, and how the internship broadened their career perspectives.
This initiative is part of Sands' commitment to workforce development, with a goal to contribute $200 million by 2025. As of 2023, the company had already contributed $181 million towards this ambition.
Las Vegas Sands (NYSE: LVS) has announced that it will release its third quarter 2024 financial results on Wednesday, October 23, 2024, after the market closes. The company will host a conference call to discuss the results at approximately 1:30 p.m. Pacific Time on the same day. Investors and interested parties can access a webcast of the conference call through the company's investor relations website at www.investor.sands.com.
Las Vegas Sands (LVS) is partnering with Americares for National Preparedness Month 2024, focusing on disaster readiness in the Greater New York area. Sands Cares has supported Americares for four years, enabling the recruitment of 25 new Global Roster members and hosting training sessions in New York and Connecticut. The partnership also strengthened Americares' Asia Regional Response Hub, facilitating emergency deployments and specialized training.
Key achievements include:
- Deployment of 62 emergency response team members for 337 days across various incidents
- Recruitment of 87 roster members in the Asia-Pacific region
- 354 roster members creating accounts on the new Americares Global Roster Portal
Sands' support has significantly enhanced Americares' emergency response capabilities and accelerated recruitment and training programs. Future plans include building emergency response capabilities in Texas and Louisiana.
Las Vegas Sands (NYSE:LVS) announced its role as a presenting partner sponsor for the Clinton Global Initiative (CGI) meeting on Sept. 23-24 in New York City. This sponsorship aligns with Sands' commitment to addressing economic, social, and environmental issues globally. The CGI meeting, coinciding with the U.N. General Assembly, brings together leaders to drive progress on various global challenges.
Sands' corporate responsibility program focuses on three pillars: People, Communities, and Planet. Key goals include investing $200 million in workforce development by 2025, contributing 250,000 Team Member volunteer hours, and reducing emissions by 17.5% compared to 2018 levels. The company's efforts span economic empowerment, diversity and inclusion, hardship relief, and climate change initiatives.
Las Vegas Sands (NYSE:LVS) has partnered with the Hispanic Association of Colleges and Universities (HACU) to award 13 students from Hispanic-serving institutions with Sands Hospitality Advancement Scholarships. The scholarships, valued at $5,000 and $2,500, support students pursuing careers in the travel, tourism, and leisure industry.
Recipients attend universities in Las Vegas and the Dallas-Fort Worth metro area. This initiative is part of Sands' commitment to building a diverse and capable hospitality industry workforce. It aligns with the company's 2021-2025 ambition to invest $200 million in workforce development, of which $181 million had been contributed by the end of 2023.
The program is one of several initiatives by Sands to strengthen the hospitality industry's talent pipeline, including partnerships with educational institutions, training opportunities, and mentorship programs.
Las Vegas Sands (NYSE: LVS) has partnered with the Hispanic Association of Colleges and Universities (HACU) to award 13 Sands Hospitality Advancement Scholarships to students from Hispanic-serving institutions in Las Vegas and the Dallas-Fort Worth metro area. The scholarships, valued at $5,000 and $2,500, support students preparing for careers in the travel, tourism, and leisure industry.
Recipients attend the University of Nevada, Las Vegas, College of Southern Nevada, University of North Texas, and Dallas College. This initiative is part of Sands' commitment to building a thriving hospitality industry workforce and its 2021-2025 ambition to invest $200 million in workforce development. By the end of 2023, Sands had contributed $181 million toward this goal.
Marina Bay Sands held its 10th Sands for Singapore Charity Festival from August 23-25, 2024, raising over $3.5 million for local charities. This brings the total amount generated since 2013 to nearly $30 million. The festival featured various activities, including:
1. The Community Chest Heartstrings Walk and Vertical Marathon
2. The Giving Marketplace with 16 booths
3. Scoops of Hope ice cream pop-up
4. Heartwork: Upcycling for Good initiative
More than 4,000 Marina Bay Sands Team Members participated in over 20 volunteer activations, contributing more than 6,600 volunteer hours. The festival is part of the global Sands Cares community engagement program, which aims to make positive impacts in Sands' regions.