Las Vegas Sands Corporation is a multinational resort and casino company headquartered in Paradise, Nevada, USA. Founded by Sheldon Adelson, the company owns and operates integrated resorts and casinos in various locations, including Las Vegas, Macau, and Singapore. The company is known for its iconic properties such as The Venetian and The Palazzo in Las Vegas, Marina Bay Sands in Singapore, and several properties in Macau.
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Las Vegas Sands Key financial highlights:
- Revenue: Las Vegas Sands is primarily influenced by factors such as global economic conditions, tourism trends, gaming regulations, and regional geopolitical stability, impacting its resort and casino businesses in locations like Las Vegas, Macau, and Singapore. In previous years, it has reported 4.23 billion U.S. dollars in revenue.
- Profit: The biggest challenge for Las Vegas Sands to stay profitable is navigating the uncertainties and fluctuations in the global gaming and tourism industry, particularly in the face of economic downturns, regulatory changes, and unforeseen events affecting travel patterns. Las Vegas Sands has historically maintained a considerable net income of -961 million U.S. dollars.
- Las Vegas Sands’ major assets include iconic integrated resort properties such as The Venetian and The Palazzo in Las Vegas, Marina Bay Sands in Singapore, and various casino resorts in Macau, comprising hotels, entertainment venues, convention facilities, and gaming spaces. Las Vegas Sands has reported 20.06 billion U.S. dollars in assets.
- Las Vegas Sands’ market value in the investment market is determined by multiplying the company’s current stock price by the total number of outstanding shares, reflecting the market’s perception of its overall worth and potential for future growth. Las Vegas Sands’ current market value is 27.81 billion U.S. dollars.
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