LAS VEGAS SANDS, LLC

  • Overview

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 consist 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.

Financial Performance

Consolidated net revenues were $11.13 billion for the fiscal 2012, an increase of $1.72 billion compared to the $9.41 billion the company claimed in revenues for fiscal 2011. The increase was driven by $1.05 billion of net revenues at Sands Cotai Central and increases of $408.2 million and $210.8 million at Four Seasons Macao and The Venetian Macao, respectively.

Strategy

Las Vegas Sands is in the middle of a major growth initiative, with several projects in various stages of development. The company's $4.1 billion expansion plan for its Macao operations includes a new resort complex,  Sands Cotai Central, that will house hotels under brands such as Sheraton and St. Regis. Construction is being completed in phases, with certain operations to be opening in 2012 and 2013. Driven by its success in Macao and Singapore, in 2011 Las Vegas Sands completed a major expansion at its Sands Casino Resort Bethlehem. Included in the remodel was the addition of a hotel, retail space, and an entertainment center.

Despite these ambitious expansion plans abroad and at home in Pennsylvania, the company remains cautious in Las Vegas. A challenging economic environment caused Las Vegas Sands in 2009 to halt construction of a high-rise residential condominium tower located next to The Venetian. The company has reported that construction will resume when conditions improve and demand for condos on the Strip increases.

Ownership

Billionaire casino mogul Sheldon Adelson and trusts for his family own about 55% of Las Vegas Sands.

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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) 4144848
www.lasvegassands.com

STATS


  • Employer Type: Unknown
  • Vice President Of Player Development: William Cooney
  • Chief Financial Officer, Senior Vice President: Kenneth Kay
  • Pres-coo: William Weidner

Major Office Locations

  • Las Vegas, NV

SALARY FINDER

SALARY FINDER

Health Service Administrator

  • $0
  • 25
  • 50
  • 75
  • 100
  • 100+
Yearly Salary Range (US$ Thousands)