Las Vegas Sands Corp. operates as a global developer and operator of destination properties (Integrated Resorts) that feature premium accommodations, world-class gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants and other amenities.
The company owns and operates Integrated Resorts in Macao and Singapore. The company’s geographic diversity, best-in-class properties and convention-based business model provide it with the best platform in the...
Las Vegas Sands Corp. operates as a global developer and operator of destination properties (Integrated Resorts) that feature premium accommodations, world-class gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants and other amenities.
The company owns and operates Integrated Resorts in Macao and Singapore. The company’s geographic diversity, best-in-class properties and convention-based business model provide it with the best platform in the hospitality and gaming industry to continue generating growth and cash flow while simultaneously pursuing new development opportunities. The company focuses on the mass market, which comprises its most profitable gaming segment. The mass market segment will continue to deliver long-term growth as a result of continuing economic growth, expansion of the middle class and an increasing number of high net worth individuals across the company’s markets in Asia. The company also offers loyalty programs at its properties, which provide access to rewards, privileges and members-only events. Additionally, being in the retail mall business and, specifically, owning some of the largest retail properties in Asia will provide meaningful value for the company, particularly as the retail market in Asia continues to grow.
The company’s properties also cater to high-end patrons by providing them with luxury amenities and premium service levels. These amenities include luxury accommodations, restaurants, lounges, invitation-only clubs and private gaming salons. In each of the regions where the company operates, the Paiza brand is associated with certain of these exclusive facilities and represents an important part of its VIP gaming marketing strategy.
The company’s unique convention-based marketing strategy allows it to attract business travelers during the slower mid-week periods while leisure travelers occupy its properties during the weekends. The company’s convention, trade show and meeting facilities, combined with the on-site amenities offered at its Macao and Singapore Integrated Resorts, provide flexible and expansive space for meetings, incentives, conventions and exhibitions (MICE).
Through its 72.29% ownership of Sands China Ltd. (SCL), the company owns and operates a collection of Integrated Resorts in the Macao Special Administrative Region (Macao) of the People's Republic of China (PRC or China). These properties include The Venetian Macao Resort Hotel (The Venetian Macao); The Londoner Macao; The Parisian Macao; The Plaza Macao and Four Seasons Hotel Macao (the Four Seasons Macao); and the Sands Macao.
In Singapore, the company owns and operates the iconic Marina Bay Sands, which opened in 2010 and is one of Singapore's major tourist, business and retail destinations.
The company is dedicated to sustainability across environmental, social and governance (ESG) priorities, anchored by its People, Communities and Planet corporate responsibility platform. In 2024, the company was named to the Dow Jones Sustainability North America Index for the seventh consecutive year and to the Dow Jones Sustainability World Index for the fifth consecutive year, recognizing its ESG leadership and performance. The company strives to deliver a positive working environment for its team members worldwide and pledge to promote the advancement of aspiring team members through a range of educational partnerships, grants and leadership training. The company is committed to creating and investing in industry-leading policies and procedures to safeguard its customers, partners, employees and neighbors. The company drives social impact through, among other things, its Sands Cares charitable giving and community engagement program. The company’s industry-leading Integrated Resorts provide substantial contributions to its host communities, including growth in leisure and business tourism, sustained job creation and ongoing financial opportunities for local small and medium-sized businesses. The company continuously makes efforts to improve its environmental performance through its Sands ECO360 global sustainability program (Sands ECO360). Through Sands ECO360, the company develops and implements environmental practices to advance energy efficiency and transition to renewables, reduce waste, conserve water and source products and materials responsibly.
The company uses channels to communicate with its investors and the public about its products and services, and other issues. The company’s principal operating and developmental activities occur in two geographic areas: Macao and Singapore. In Macao, the company’s operating segments are: The Venetian Macao; The Londoner Macao; The Parisian Macao; The Plaza Macao and Four Seasons Macao; and Sands Macao. In Singapore, the company’s operating segment is Marina Bay Sands. The company also reviews construction and development activities for its primary projects under development, in addition to its reportable segments. The company also hasve ferry operations and various other operations that are ancillary to its Macao properties (collectively, Ferry Operations and Other).
Operations
Macao
The Venetian Macao is the anchor property of the company’s Cotai Strip development and is located approximately two miles from the Taipa Ferry Terminal on Macao's Taipa Island and six miles from the bridge linking Hong Kong, Macao and Zhuhai. The Venetian Macao includes approximately 503,000 square feet of gaming space and gaming support area with table games and slot machines and electronic table games (ETGs). The Venetian Macao features a 39-floor luxury hotel tower with 2,905 elegantly appointed luxury suites and the Shoppes at Venetian, approximately 952,000 square feet of unique retail shopping with stores featuring many international brands and home to restaurants and food outlets featuring an international assortment of cuisines. In addition, The Venetian Macao has approximately 1.2 million square feet of convention facilities and meeting room space, an 1,800-seat theater and the recently renovated 14,000-seat Venetian Arena that hosts world-class entertainment and sporting events.
The Londoner Macao, the company’s largest Integrated Resort on the Cotai Strip, is located across the street from The Venetian Macao, The Parisian Macao and The Plaza Macao and Four Seasons Macao. The Londoner Macao presents a range of attractions and features, including some of London’s most recognizable landmarks, such as the Houses of Parliament and the Elizabeth Tower (commonly known as Big Ben), and interactive guest experiences. The Integrated Resort features four hotel towers. The first hotel tower consists of Londoner Court with luxury suites and rooms and suites under the St. Regis brand. The second hotel tower consists of five-star rooms and suites under the Conrad brand and The Londoner Macao Hotel with London-themed suites, including exclusive Suites by David Beckham. The company continues to work on Phase II of The Londoner Macao, which commenced in 2023 and primarily includes the renovation of the rooms in the third and fourth hotel towers, previously the Sheraton Grand Macao, and will result in rooms and suites, respectively, upon completion. The Sheraton Grand Macao is being rebranded into the Londoner Grand hotel, whichwill become Macao’s first Marriott International Luxury Collection hotel. Additionally, Phase II of The Londoner Grand includes an upgrade of the gaming areas and the addition of attractions, dining, retail and entertainment offerings and is expected to be substantially complete during the first half of 2025. The Londoner Grand casino opened on September 26, 2024. The Integrated Resort includes approximately 400,000 square feet of gaming space and gaming support area with table games and slot machines and ETGs, approximately 358,000 square feet of meeting space, a 1,701-seat theater, the 6,000-seat Londoner Arena, approximately 566,000 square feet of retail space with stores and home to 50 restaurants and food outlets featuring an international assortment of cuisines.
The Parisian Macao, which is connected to The Venetian Macao and The Plaza Macao and Four Seasons Macao, includes approximately 272,000 square feet of gaming space and gaming support area with approximately table games and slot machines and ETGs. The Parisian Macao also features rooms and suites and the Shoppes at Parisian, approximately 297,000 square feet of unique retail shopping with stores featuring many international brands and home to 24 restaurants and food outlets featuring an international assortment of cuisines. Other non-gaming amenities at The Parisian Macao include a meeting room complex of approximately 62,000 square feet and seat theater. Directly in front of The Parisian Macao, and connected via a covered walkway to the main building, is a half-scale authentic re-creation of the Eiffel Tower containing a viewing platform and restaurant.
The Plaza Macao and Four Seasons Macao, which is located adjacent to The Venetian Macao, has approximately 108,000 square feet of gaming space and gaming support area with table games and slot machines and ETGs at its Plaza Casino. The Plaza Macao and Four Seasons Macao also has elegantly appointed rooms and suites managed by FS Macau Lda., several food and beverage offerings, and conference and banquet facilities. The Grand Suites at Four Seasons features luxury suites. The Shoppes at Four Seasons includes approximately 262,000 square feet of retail space with stores and restaurant and food outlets, and is connected to the Shoppes at Venetian. The Plaza Macao and Four Seasons Macao also features ultra-exclusive Paiza Mansions, which are individually designed and made available by invitation only.
The Sands Macao, the first U.S. operated Las Vegas-style casino in Macao, is situated near the Macao-Hong Kong Ferry Terminal on a waterfront parcel centrally located between Macao's Gongbei border gate with China and Macao's central business district. The Sands Macao includes approximately 176,000 square feet of gaming space and gaming support area with table games and slot machines and ETGs. The Sands Macao also includes a 289-suite hotel tower, spa facilities and several restaurants and entertainment areas.
The company operates the gaming areas within its Macao properties pursuant to a 10-year gaming concession that expires in December 2032.
Singapore
Marina Bay Sands opened with rooms and suites located in hotel towers. The company is undertaking extensive renovation work with rooms and suites resulting upon completion, which is expected to greatly enhance the positioning of its hotel product. Atop the three towers is the Sands SkyPark, an extensive outdoor recreation area with a meter infinity swimming pool and leading restaurant and nightlife brands. The Integrated Resort offers approximately 162,000 square feet of gaming space with table games and slot machines and ETGs; approximately 616,000 square feet at The Shoppes at Marina Bay Sands, an enclosed retail, dining and entertainment complex with signature restaurants from world-renowned chefs; an event plaza and promenade; and an art/science museum. Marina Bay Sands also includes approximately 1.2 million square feet of meeting and convention space and a state-of-the-art theater for top Broadway shows, concerts and gala events.
The company operates the gaming area within its Singapore property pursuant to a 30-year casino concession provided under a development agreement entered into in 2006.
Retail Mall Operations
The company owns and operates retail malls at its Integrated Resorts at The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Macao and Marina Bay Sands. The company owns approximately 2.7 million square feet of gross retail space.
The company’s malls are designed to complement its other unique amenities and service offerings provided by its Integrated Resorts. The company’s strategy is to seek out desirable tenants that appeal to its patrons and provide a wide variety of shopping options. The company generates its mall revenue primarily from leases with tenants through base minimum rents, overage rents and reimbursements for common area maintenance (CAM) and other expenditures.
Development Projects
The company regularly evaluates opportunities to improve its product offerings, such as refreshing its meeting and convention facilities, suites and rooms, retail malls, restaurant and nightlife mix and its gaming areas, as well as other revenue generating additions to its Integrated Resorts.
Macao
The company’s investment plan in Macao includes investments in projects across a number of key areas, including attracting international visitors, conventions and exhibitions, entertainment shows, sporting events, culture and art, health and wellness, themed attractions, supporting Macao's status as a city of gastronomy, and enhancing community and maritime tourism.
The company continues work on Phase II of The Londoner Macao, which commenced in 2023 and primarily includes the renovation of the rooms in the Sheraton hotel towers, an upgrade of the gaming areas and the addition of attractions, dining, retail and entertainment offerings. The Londoner Grand casino opened on September 26, 2024. In September 2024, SCL announced the unveiling of the Londoner Grand, which represents the conversion of the Sheraton Grand Macao into Macao's first Marriott International Luxury Collection hotel. Upon completion, the Londoner Grand will have rooms and suites. As of December 31, 2024, more than 300 newly renovated rooms and suites were available for occupancy at the Londoner Grand.
Singapore
In April 2019, the company’s wholly owned subsidiary, Marina Bay Sands Pte. Ltd. (MBS) and the STB entered into a development agreement (the Second Development Agreement) pursuant to which MBS has agreed to construct a development (the MBS Expansion Project) on a land parcel adjacent to Marina Bay Sands.
The MBS Expansion Project will include a hotel tower with luxury rooms and suites, a rooftop attraction, premium gaming areas, convention and meeting facilities and a state-of-the-art live entertainment arena with approximately 15,000 seats.
New York
The company purchased the Nassau Coliseum with the intent to obtain a casino license from the state of New York to develop and operate an Integrated Resort.
Other
The company continues to evaluate additional development projects in each of its markets and pursue new development opportunities globally.
Regulation and Licensing
On December 16, 2022, the Macao government granted Venetian Macau Limited (VML), SCL's wholly owned subsidiary, one of six concessions to operate casinos in Macao. VML entered into a concession agreement with the Macao government for the duration of ten years, beginning January 1, 2023 (the Concession). With the expiry of VML’s subconcession on December 31, 2022, all of the company’s casinos, gaming areas and respective supporting areas located in Sands Macao, The Venetian Macao, The Plaza Macao and Four Seasons Macao, The Londoner Macao and The Parisian Macao, with a total approximate area of approximately 136,000 square meters (representing approximately 4.7% of the total property area of these entities), reverted to and are owned by the Macao government.
History
Las Vegas Sands Corp. was founded in 1988. The company was incorporated as a Nevada corporation in 2004.