About LAS VEGAS SANDS, LLC

Las Vegas Sands brings a touch of Venice to the US and China. Replete with gondoliers and a replica of the Rialto Bridge, the company's Venetian Las Vegas Hotel, Resort & Casino offers a 120,000-sq.-ft. casino and a 4,000-suite hotel, as well as a shopping, dining, and entertainment complex. Through its majority-owned Sands China subsidiary, the firm operates The Venetian Macau on the Cotai Strip (the Chinese equivalent of the Las Vegas Strip), as well as two other properties in Macao. Properties also include the Marina Bay Sands in Singapore and the partially-owned Sands Bethlehem in Bethlehem, Pennsylvania.

Geographic Reach

The company's 70%-owned Sands China subsidiary consists of three casinos in Macao, the only place in China where casinos are legal. These properties include the Sands Macau, the Venetian Macau Resort Hotel Casino, and the Four Seasons Macau. Elsewhere in Asia, the company's Marina Bay Sands in Singapore opened in 2010 at a total cost of about $5.5 billion. In the US, additional Las Vegas properties include The Palazzo Casino next door to the Venetian, and the nearby Sands Expo Center trade show and convention center. Another US property is its Sands Casino Resort Bethlehem in Pennsylvania.

Sales and Marketing

The company advertises on television, internet, radio, newspapers, magazines, and billboards. During fiscal 2014 it spent $140.4 million on advertising after spending $117.8 million in fiscal 2013 and $97.8 million in fiscal 2012.

Financial Performance

The company's revenue has enjoyed steady growth since 2010. During fiscal 2014 its revenue increased by 6% to $14.58 billion compared to $13.77 billion in fiscal 2013. The increase was primarily due to increased Casino revenues.

Las Vegas Sands' net income has been trending upward. In fiscal 2014 its net income increased by 23% to $2.84 billion compared to $2.31 billion in fiscal 2013. The spike was primarily due to a combination of higher gross annual revenue and decreased expenses.

The company's cash flow increased by 9% in fiscal 2014 to $4.83 billion compared to $4.44 billion the previous year. The increased cash on hand was primarily due to the increased net income and fewer accounts receivable.

Strategy

Las Vegas Sands is in the middle of a major international growth initiative, with several projects in various stages of development. Despite the ambitious expansion plans abroad, the company remains cautious in Las Vegas. Las Vegas Sands will explore opportunities to further expand its presence in Asia. The Parisian in Cotai will be Las Vegas Sands' next Macau resort.

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LAS VEGAS SANDS, LLC

3355 Las Vegas Blvd S
Las Vegas, NV 89109-8941
Phone: 1 (702) 414-1000
Fax: 1 (702) 414-4848
www.lasvegas.com

Stats

  • Employer Type: Public
  • Chief Executive Officer: Rob Gorman
  • Vice President Of Facilities: Kim Grange
  • Pres-coo: Bill Weidner

Major Office Locations

  • Las Vegas, NV

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