Las Vegas Sands
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| Las Vegas Sands Corp. | |
| Type of Company | Public (NYSE: LVS) |
|---|---|
| Founded | founded 1988 |
| Headquarters | Head office in Las Vegas, Nevada |
| Key people | Sheldon G. Adelson (CEO & Chairman) William P. Weidner (President & CEO) |
| Industry | Tourism Services |
| Products | Resort, Casino |
| Revenue | $1.74 Billion USD ( 27.5%) |
| Employees | 12 230 |
| Slogan | "" |
| Website | www.lasvegassands.com |
Las Vegas Sands Corp. NYSE: LVS is a casino resort company based in Las Vegas, Nevada.
Las Vegas Sands corporate holdings include:
- The Venetian in Las Vegas.
- Sands Macau a casino in Macau, China.
- The Marina Bay Sands in Singapore,with a planned opening in 2009.
- Sands Expo and Convention Center in Las Vegas.
- The Palazzo under construction in Las Vegas, with a planned opening in 2007.
- The Venetian Macao under construction in the Cotai Strip area of Macau, with a planned opening in 2007.
Contents |
[edit] History
The company was the owner and operator of the original Sands Hotel, which was demolished in 1996 to make room for The Venetian, which opened in 1999.
[edit] Future
In September 2005, the company entered into an agreement with the city of Zhuhai, Guangdong, China to develop a 1,300 acre resort destination on Hengqin Island. In December 2006 the company received final approval to begin construction of the project.
On May 26, 2006, Las Vegas Sands was awarded the license to construct an "Integrated Resort" (casino resort), tentatively named The Marina Bay Sands, in Marina Bay, Singapore.
The company is currently constructing its trademarked Cotai Strip in the Cotai area of Macau. Las Vegas Sands' first casino in the Strip will be the Venetian Macao and is scheduled for completion in the summer of 2007.
[edit] Ownership and stock
Approximately 90% of LVS stock is held by company insiders, with CEO Sheldon Adelson presently owning approximately 65%. As of May 2005, the company's market capitalization was $14 billion.
