2019 Vault Rankings
At a Glance
Stellar reputation of hotels in Las Vegas and Macao
Economic turmoil creates instability within the industry
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 four other properties in Macao. Properties also include the Marina Bay Sands in Singapore, Sands Bethlehem in Bethlehem, Pennsylvania, and The Palazzo in Las Vegas.
Las Vegas Sands' 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. Many of its hotels operate under the Sheraton, Holiday Inn, Conrad, and Four Seasons banners, and its shopping malls feature upscale tenants, including Louis Vuitton, Chanel, BVLGARI, Prada, Gucci, Zara, Burberry, Versace, Dior, Cartier, and Tiffany & Co.
Nearly 80% of Las Vegas Sands' revenue comes from its casino operations, while its hotel rooms bring in nearly 15% of revenue.
The company's properties in Asia (Macao and Singapore) and the US (Las Vegas and Pennsylvania) feature a total of more than 13,000 slot machines, nearly 3,000 table games, and some 22,000 mostly upscale hotel suites. By these metrics, Las Vegas Sands's largest properties include Sands Cotai Central and Venetian Macao in Macao, China, and The Venetian Las Vegas and The Palazzo in Las Vegas, Nevada.
Las Vegas Sands operates Sands Expo Center, one of the largest trade show and convention center venues in the US. The facility offers 2.3 million gross square feet of meeting, exhibit, and conference space to parties leasing space for events like trade shows and conferences. Las Vegas Sands offers convention space at many of its properties. While the company's casinos attract travelers and guests primarily on weekends, its convention centers draw business and other travelers during the slower mid-week period.
Outside of Nevada, Las Vegas Sands operates in Macao, Singapore, and Pennsylvania. Macao accounts for about 60% of the company's total revenue.
Sales and Marketing
Las Vegas Sands advertises on television, internet, radio, newspapers, magazines, and billboards. The Paiza Club located at the company’s properties is an important part of Las Vegas Sands' VIP gaming marketing strategy.
The company spends more than $120 million on advertising costs each year.
Las Vegas Sands reported $12.8 billion in revenue for fiscal 2017, a 13% increase over fiscal 2016. A $1.3 billion increase in its casino operations drove the jump, including new revenue generated from the recently opened Parisian Macao (in late 2016) and, to a lesser extent, an uptick in casino revenue from Marina Bay Sands.
The jump in revenue drove a 68% increase in profits to $2.8 billion in 2017.
Las Vegas Sands ended 2017 with about $2.4 billion in cash on hand. Cash from operations contributed $4.5 billion, while financing activities used $3.4 billion and investing activities used $823 million.
Las Vegas Sands has been focused for several years on expanding internationally, with some expansion centering on renovation projects in Asia. Recent renovations have focused on adding hotel suites and other property expansion and, in some instances, thematic re-branding beyond its traditional Venetian theme. The company is in the midst of transforming its Sands Cotai Central into The Londoner Macao, redesigned with London-themed landmarks, attractions, and decor. In late 2016 the company opened the French-themed Parisian Macao.
Despite its ambitious expansion plans abroad, the company remains somewhat cautious in Las Vegas, which is saturated with casino, hotel, shopping, entertainment, and convention center competition.
Las Vegas Sands Corp. traces its roots back to the late 1980s, when Sheldon Adelson, founder the computer trade show COMDEX, and other partners bought the Sands Hotel in Las Vegas. Ten years after buying the historic casino, Adelson demolished the Sands Hotel and opened The Venetian Las Vegas, a Venice-themed casino resort inspired by a trip Adelson took with his wife to the coastal Italian city.
The company went public in 2004 and, fueled by the influx of cash from public investors, began establishing itself internationally in Asia in the late 2000s.
3355 LAS VEGAS BLVD S
Las Vegas, NV 89109-8941
Phone: 1 (702) 414-1000
Employer Type: Publicly Owned
Stock Symbol: LVS
Stock Exchange: , NYSE
Chairman and CEO: Sheldon G. Adelson
EVP and CFO: Patrick Dumont
President and COO: Robert G. Goldstein
Employees (This Location): 19
Employees (All Locations): 51,500