December 21, 2014
Paris in Macao One Step Closer to Reality
Las Vegas Sands Receives Permits Necessary to Complete Construction of The Parisian Macao Las Vegas Sands Corp. (NYSE: LVS) today announced that the company's majority-owned subsidiary, Sands China Ltd. , has received the Macao government approvals needed to complete the construction of its US$2.7 billion Paris -themed integrated resort. The completion of The Parisian Macao will bring Las Vegas Sands' total investment in Macao to more than $10 billion with the vast majority of that investment spent building, among other things, expansive retail malls, convention and exhibition space and thousands of hotel rooms. Las Vegas Sands opened Macao's first integrated resort - The Venetian Macao - in 2007. The 10.5 million square foot property was the first truly integrated resort to open since The Venetian Las Vegas, which opened in 1999. "From the moment we put our first shovel in the ground we have been committed to helping Macao secure its future as a center for leisure, business and...
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December 11, 2014
Las Vegas Sands Names Robert G. Goldstein as President and Chief Operating Officer
Las Vegas Sands Corp. (NYSE: LVS) today announced the company has named Robert G. Goldstein as its president and chief operating officer, replacing Michael A. Leven, who is retiring at the end of the year after having served as president and chief operating officer since 2009. Mr. Goldstein joined Las Vegas Sands in 1995 and has served in several executive positions for the company, including president and chief operating officer of The Venetian and Palazzo and, most recently, as president of global gaming operations. "Our company is in the enviable position of having the most diverse set of assets and the strongest balance sheet in our industry, as well as being best-positioned to capitalize on future growth opportunities as they happen," said Las Vegas Sands Chairman and Chief Executive Officer Sheldon G. Adelson. "With Rob's strong leadership, passion and energy, I'm fully confident we will expand our industry leadership to deliver even greater achievements in the years ahead....
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October 15, 2014
Las Vegas Sands Reports Third Quarter 2014 Results
Las Vegas Sands Corp. (NYSE: LVS) For the Quarter Ended September 30, 2014 (Compared to the Quarter Ended September 30, 2013): Growth in Mass Gaming Volumes Drove a 3.2% Increase in Adjusted Property EBITDA in Macao to $809.0 Million
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Consolidated Adjusted Property EBITDA Increased to $1.284 Billion
Earnings per Diluted Share Increased 9.2% to $0.83
The Company Returned $299.8 Million of Capital to Shareholders through its Stock Repurchase Program in the Quarter, Completing its Initial $2.0 Billion Stock Repurchase Authorization
The Company's Board of Directors Authorized an Additional $2.0 Billion under the Company's Stock Repurchase Program
The Company's Board of Directors Announced an Increase of 30% in the Company's Recurring Common Stock Dividend for the 2015 Calendar Year to $2.60 per Share ($0.65 per Quarter)
Las Vegas Sands Corp. (NYSE: LVS) today reported financial results for the quarter ended...