Las Vegas Sands Corp. at a Glance


  • Stellar reputation of hotels in Las Vegas and Macao


  • Economic turmoil creates instability within the industry

The Bottom Line

  • The Las Vegas Sands Corporation is a global developer of destination properties offering world-class gaming, entertainment, celebrity chef restaurants, convention facilities and luxury accommodations.

About Las Vegas Sands Corp.

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 Macao 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.


The company's collection of resorts in Asia and the US feature state-of-the-art convention and exhibition facilities, premium accommodations, world-class gaming and entertainment, destination retail and dining including celebrity chef restaurants, and many other amenities. More than 70% of Las Vegas Sands' revenue comes from its casino operations.

Geographic Reach

Outside of Nevada, Las Vegas Sands operates in Macao, Singapore, and Pennsylvania. Macao accounted for about 60% of the company's total revenue in fiscal 2017.

Sales and Marketing

Las Vegas Sands advertises on television, internet, radio, newspapers, magazines, and billboards. Its advertising costs were $121 million in fiscal 2016. The Paiza Club located at the company's properties is an important part of Las Vegas Sands' VIP gaming marketing strategy.

Financial Performance

Las Vegas Sands reported $11.4 billion in revenue for fiscal 2016, a slight decrease compared to the $11.6 billion the company claimed in revenue for fiscal 2015. The drop in revenue was largely attributed to the casino segment's revenue decrease of $312 million in fiscal 2016 (compared to previous fiscal year). The decrease in casino segment revenue was primarily caused by revenue decreases of $522 million at Las Vegas Sands' Macao properties and $152 million at Marina Bay Sands.

Las Vegas Sands' net income was $11.41 billion for fiscal 2016, a decrease of $278 million compared to the $11.69 billion the company claimed in revenue for the prior fiscal period. The decrease in net income was driven by decreases of $168 million at the company's Macao operations and $153 million at Marina Bay Sands, primarily due to decreased casino revenues.

Las Vegas Sands ended fiscal 2016 with about $2.1 million in cash. That was roughly the same amount of cash as it had at the end of fiscal 2015. The company's capital expenditures totaled $1.4 billion during fiscal 2016, including $1.19 billion for construction and development activities in Macao.


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 somewhat cautious in Las Vegas. Las Vegas Sands will explore opportunities to further expand its presence in Asia.

In May 2016 the company announced plans to work with the Madison Square Garden Company to construct a 17,500-seat venue in Las Vegas built specifically for music and entertainment.

All Las Vegas Sands properties are participating in sustainability program aimed at reducing food waste.

- Show Less + Show Full Description

Company News and Press Releases

- Show Less + Show More News and Press Releases

Las Vegas Sands Corp.

3355 Las Vegas Blvd S
Las Vegas, NV 89109-8941
Phone: 1 (702) 414-1000
Fax: 1 (702) 414-1100


  • Employer Type: Public
  • Stock Symbol: LVS
  • Stock Exchange: NYSE
  • Chairman and CEO: Sheldon G. Adelson
  • EVP and CFO: Patrick Dumont
  • President and COO: Robert G. Goldstein
  • 2017 Employees: 50,500

Major Office Locations

  • Las Vegas, NV