las vegas sands
Las Vegas Sands To Spend $8 Billion to Expand MBS Resort in Singapore
October 25, 2024
SINGAPORE (Reuters) - Casino operator Las Vegas Sands plans to invest $8 billion in Singapore to expand its Marina Bay Sands resort, a major bet by the Nevada-based firm on the city-state's tourism market. The project, dubbed IR2, is to build a fourth hotel tower that will include 570 luxury suites, gaming areas, a 15,000-seat arena, rooftop pools, food and beverage offerings and 110,000 square feet of space for exhibitions and conferences, the company said during its earnings presentation earlier this week. "When IR2 is open ... that arena is going to be an incredibly powerful tourism driver for the overall complex," LVS Chief Operatin...
Las Vegas Sands and Marina Bay Sands Launch $1 Million Hospitality Scholarship Program in Singapore
Sands | September 6, 2022
LAS VEGAS, Sept. 6, 2022-- Las Vegas Sands ( NYSE: LVS) and Marina Bay Sands have established a $1 million scholarship program that will help build a pipeline of new talent for the hospitality industry in Singapore through Sands Cares, the company's community engagement program. The scholarship initiative is designed to advance hospitality careers in Singapore to capitalize on the tremendous tourism growth projected over the coming years. The Sands Hospitality Scholarship Program will benefit more than 100 Singaporean students pursuing hospitality or tourism-related courses of study at six Institutes of Higher Learning (IHLs) in...
Sands Completes Sale of The Venetian Resort in Las Vegas
Sands | February 24, 2022
LAS VEGAS, NV - February 24, 2022 - Las Vegas Sands Corp. today announced it has completed the approximately $6.25 billion sale of The Venetian Resort (The Venetian, Palazzo and Venetian Expo) to affiliates of Apollo Global Management, Inc. and VICI Properties Inc. "The opening of The Venetian more than 20 years ago represents the beginning of the company's success. The property, and most importantly, the people who represent it every day will always remain indelible parts of our history," said Las Vegas Sands Chairman and Chief Executive Officer Robert Goldstein. "Looking forward from the sale, we believe our strong balance...
Las Vegas Sands Appoints Executive Leadership Team
Las Vegas Sands Corp. | January 27, 2021
LAS VEGAS, Jan. 27, 2021 -- Las Vegas Sands has named long-time company executive Robert G. Goldstein chairman and chief executive officer, after having assumed the role as acting chairman and chief executive officer on January 7, 2021. Patrick Dumont has been named president and chief operating officer, and Randy Hyzak will now serve as chief financial officer. Mr. Dumont previously served as executive vice president and chief financial officer, and Mr. Hyzak was chief accounting officer. The changes come as the company continues to mourn the loss of its visionary founder, Mr. Sheldon G. Adelson, who was the company's chairman ...
Las Vegas Sands Announces Passing of Company Founder and Industry-Changing Entrepreneur Sheldon G. Adelson
Las Vegas Sands Corp. | January 12, 2021
LAS VEGAS, Jan. 12, 2021 -- Las Vegas Sands issued the following statement announcing the death of company Chairman and Chief Executive Officer Sheldon G. Adelson: Our founder and visionary leader, Sheldon G. Adelson, passed away last night at the age of 87 from complications related to treatment for non-Hodgkin's Lymphoma. Born to immigrant parents and raised in a poor section of Boston, Mr. Adelson went from a teenager selling newspapers on a street corner to becoming one of the world's most successful entrepreneurs. His achievements in the integrated resort and hospitality industry are well-documented. In Las Vegas, Macao a...
Las Vegas Sands to Donate More than Two Million Pieces of Personal Protection Equipment
Las Vegas Sands Corp. | April 1, 2020
LAS VEGAS, April 1, 2020 -- Las Vegas Sands (NYSE: LVS) today announced it will donate two million medical masks and 20,000 protective suits to help health-care professionals, first responders and nonprofit organizations in the fight against the coronavirus pandemic. Medical mask donations will be distributed in the company's corporate headquarters of Nevada as well as New York, which has become the epicenter of the coronavirus outbreak in the United States. Each state will receive one million masks. The 20,000 protective suits will be donated to hospitals and first responders in Nevada. "Hopefully our donations will help protect peopl...
Las Vegas Sands Enters Into Agreement With Singapore Government to Expand Marina Bay Sands IR
Las Vegas Sands Corp. | April 3, 2019
LAS VEGAS, April 3, 2019 -- Las Vegas Sands today announced a bold expansion plan for Marina Bay Sands in Singapore which will see the world's most successful and recognizable integrated resort add significant new tourism offerings to the property. The company has entered into a development agreement with the Singapore government and said it will quickly begin work on the new project. Located immediately adjacent to the existing Marina Bay Sands Integrated Resort (IR), the key elements of the development will be a state-of-the-art 15,000-seat arena, a luxury hotel tower and additional MICE (Meeting, Incentive, Convention, and Exhibi...
Q3 2017 Financial Reports Round Up Part 2: Hilton, Wyndham, Las Vegas Sands, Pebblebrook
October 26, 2017
Hilton Worldwide reports net income of $181 million for the third quarter 2017. Hilton added 12,000 net rooms in the third quarter and the development pipeline hit a record 335,000 rooms in Q3, a 13% rise over the same quarter in 2016. System-wide comparable RevPAR increased 1.3 percent on a currency neutral basis for the third quarter compared to the prior year Wyndham Worldwide reports net income in the third quarter of 2017 at $203 million compared with $196 million for the third quarter of 2016. Third quarter domestic same-store RevPAR increased 2.3% compared with third quarter 2016. In constant currency, global same-store RevPAR in...
